The Appraisal Issues Task Force (AITF) is a voluntary group of professional appraisers who wish to improve the practice of valuation.  The FASB and the SEC are increasingly looking to information regarding Fair Value, or Fair Market Value.  Yet there is a lack of authoritative guidance regarding so-called Best Practice.  Each practitioner is left to his or her own professional judgment; at times equally competent professionals come to differing conclusions as to the appropriate valuation approach.

The AITF is designed to help establish and interpret existing rules. Further, it will work with the FASB and the SEC to evaluate proposals and recommend methodology, assumptions and approaches.  Periodic meetings of the AITF are open to all interested parties.  This web site lists current members.

If you wish to join, please contact Margaret Schlachter at American Appraisal Associates.

If you have valuation questions you would like answered, please post them on our discussion board as a new discussion. We will post consensus answers on this web site.  While not having the force of GAAP, the members of AITF expect that the consensus answers should be the basis for practice.

This is an industry-wide consortium, and everyone's views are both important and welcome.