On February 19, 2021, the Appraisal Standards Board (ASB) of the Appraisal Foundation announced that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) would be extended by one year. The USPAP 2020-2021 will now run through December 31, 2022. USPAP is the generally accepted ethics and performance standard for the assessment profession in the United States. The ASB cited the extra time required to resolve issues raised by conducting socially distant assessments during the COVID-19 crisis and growing concerns about discrimination in the development of ratings and other value opinions.
ASB announcement to expand USPAP