Which component is typically found in a written business appraisal report?

A written business appraisal report is expected to include a summary of applicable appraisal standards to ensure that the report adheres to professional and regulatory requirements. This component informs the reader about the framework guiding the appraisal process, highlighting the standards used in the valuation and the methodologies applied. It serves to provide transparency and establish credibility, ensuring that the appraiser's work is aligned with industry norms and expectations.

In addition to this, while comparative market analyses and graphical representations of market trends can be useful, they are not always standard inclusions in every appraisal report. Similarly, detailed inspection records of assets may be relevant, but they can vary in necessity depending on the appraisal's focus and the specific business being evaluated. Thus, the inclusion of a summary of applicable appraisal standards is a foundational element that underscores the professionalism and adherence to ethical practices in the appraisal process.