SSVS No. 1

This stands for Statement on Standards for Valuation Services pronounced by the American Institute of Certified Public Accountants (AICPA). This provides guidance on standards that must be adhered to when a CPA provides valuation services. SSVS No. 1 provides that a CPA can provide a full valuation or a calculated value. If you retain a CPA to prepare an appraisal of a business, for example, these standards must be adhered to.