The Accounting Professional and Ethical Standards Board (APESB) issued ED 07/07 Business valuation in December 2007. The proposed standard mandates the minimum requirements of a valuation report and requires professional accountants to appropriately document the valuation services work performed.

ED 07/07 remains open for comment.

CPA Australia will be responding to the APESB's exposure draft. Comments from members are appreciated to better inform CPA Australia of the relevant matters. Members may sent their comments by email to professionalstandards@cpaaustralia.com.au before Monday 24 March 2008.

Copies of the exposure draft, other standards and media releases are available from the APESB website.