Tests for ASCSP's new professional designations will be computer-generated from a database of nearly 1,500 questions submitted by nearly 100 ASCSP Technical members, each with cost segregation experience ranging from one to 36 years," said Hamilton.
It will also provide assurance that a cost segregation study prepared by an ASCSP member will be in accordance with industry and IRS guidelines, as well as standards ultimately developed by the Society," said Bryant.
Recognition of ASCSP as the professional leadership organization in the field of cost segregation studies is growing at regional and national levels.
ASCSP is very excited to release the first version of the ASCSP Technical Standards, which we believe will elevate the profession to a higher level within industry practice," said Kurt Heinrich, president of the ASCSP.
The ASCSP Technical Standards identify the components of critical elements that must be developed and presented in a quality cost segregation study in order to satisfy Internal Revenue Service guidelines.