1) In the United States, mineral property valuation is addressed by regulations and standards from a number of sources including the following: * American Institute of Minerals Appraisers (ALMA) * Appraisal Institute (AI) * Federal Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) * International Valuation Standards (IVS) (2) * International Accounting Standards Board (IASB) * Securities and Exchange Commission (SEC) * Uniform Appraisal Standards for Federal Land Acquisitions * Uniform Standards of Professional Appraisal Practice (USPAP) [FIGURE 1 OMITTED] As a litigation attorney in this field has stated, Determining the value of oil and gas properties is a continuing problem in litigation.
What does UASFLA stand for?
UASFLA stands for Uniform Appraisal Standards for Federal Land Acquisitions
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Samples in periodicals archive:
Among the issues addressed include the definition of fair market value, appraiser qualifications and required adherence to the Uniform Appraisal Standards for Federal Land Acquisitions and the before-and-after method.