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Yes, the 2024 edition is the most current version of USPAP. We will be using the 2024 Edition until a new edition comes out. You do not write it as “2024-2025 USPAP” – it’s just 2024 Edition. Descriptions/Identification (authentic, age, provenance, dimensions, etc.)
The approach to problem identification may be the same in the context of an appraisal for charitable gift or estate tax; however, in an insurance context, appraisers are often faced with specific challenges such as evaluating a property that has already been damaged or stolen. In these situations, hypotheticalconditions may be necessary.
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