Remove removing-the-definition-of-personal-inspection
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Removing the Definition of Personal Inspection

Appraisers Blog

Why is the ASB proposing to remove the definition of Personal Inspection? As of 2023, if the ASB gets its way in a few weeks, the word “inspection” or “personal inspection” will no longer be defined in USPAP. USPAP Compliance & Hybrid Appraisals WHO does the SUBJECT INSPECTION?

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Comment on Removing the Definition of Personal Inspection by Douglas Kues

Appraisers Blog

To reference a photograph as an “inspection” is misleading enough on its own, but to put “observation” and “inspection” in the same sentence as if they mean the same thing is “intentionally” misleading if you ask me… and that is more serious than unintentional fraud.

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Refresher of Terminology Changes

ISA

Knowing how busy we all are, I am sure that many of you read the ISA Education newsletter posts regarding these changes in terminology to align with USPAP terms and definitions and then put them aside. Colleagues, This is a reminder of the terminology changes made in 2020 and 2021 that affect your appraisal reports.

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Proposed Changes to Privacy Regulations Would Clarify Individual Access Rights and Make Other Targeted Changes

ThomsonReuters

Proposed Modifications to the HIPAA Privacy Rule to Support, and Remove Barriers to, Coordinated Care and Individual Engagement. An individual invoking the access right could instruct a covered entity to transmit PHI to the individual’s designated personal health application, a newly defined term. Available at [link]. Third Parties.

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Comment on Fighting for Consumer Protection & the Appraisal Industry by Baggins

Appraisers Blog

The persons whom wrote Dodd Frank included the C&R billing rule specifically for amc’s, with a $10k/$20k recurring daily fine provision, which was specifically meant to stop the expansion of the amc industry, to stop those companies from pilfering the appraisers fees and defrauding consumers in the process.

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Are We Seeing Double? Regulatory Overlap Between the SEC and the PCAOB

Reynolds Holding

Securities and Exchange Commission (SEC) recently announced that it was initiating proceedings against a former audit partner at PricewaterhouseCoopers LLP for violating professional standards in reviewing the financial statements of Mattel, Inc. That proposal was not adopted.