Which type of tangible asset appraisal report provides the most complete information under USPAP standards?

The self-contained appraisal report is recognized for offering the most comprehensive information in accordance with USPAP (Uniform Standards of Professional Appraisal Practice) standards. This type of report presents an extensive analysis of the appraisal process, including a detailed explanation of the data, methodology, and conclusions reached in determining the value of the tangible asset.

In a self-contained report, the appraiser includes all relevant information that supports their appraisal, making it suitable for complex appraisal situations or when the user of the report requires a thorough understanding of how the value was derived. This level of detail ensures that users can clearly follow the appraiser's thought process and the specifics of the analysis, which can be critical for regulatory, legal, or financial purposes.

On the other hand, while summary and restricted use appraisal reports provide valuable information, they do so in a more condensed form, which may omit some details and supporting data present in a self-contained report. A summary report highlights only the essential elements, which might not be sufficient in scenarios requiring in-depth knowledge, whereas a restricted use report limits its intended audience and purpose, further limiting the amount of information shared. Data-verified appraisal reports are not a standard category under USPAP but may refer to reports where external data has been verified,