What is one of the types of reports for tangible asset valuation as per USPAP standards?

One of the types of reports for tangible asset valuation under USPAP (Uniform Standards of Professional Appraisal Practice) standards is the summary appraisal report. This type of report provides a concise overview of the appraisal findings and methodologies, maintaining a balance between detail and brevity. It is specifically designed to summarize the key elements of the valuation, including the assets being appraised, the purpose of the appraisal, the conclusions reached, and the basic methodologies used in the evaluation process.

The summary appraisal report is particularly valuable for stakeholders who need an effective yet less comprehensive report than a full detailed analysis, making it more accessible for those who may not require in-depth technical details. This type of report adheres to USPAP standards by ensuring that the key information is presented in a clear and understandable way while still supporting the appraiser's conclusions.

In contrast, other report types, like engagement appraisal reports and detailed analysis reports, may contain varying levels of information and analysis but do not fit the specific description of a summary report as outlined by USPAP. A critical review report, on the other hand, focuses on evaluating the work of another appraiser rather than providing an original valuation, and therefore does not meet the criteria for tangible asset valuation reporting under USPAP standards.