What does USPAP state regarding the compliance review of recorded oral reports?

The correct understanding of USPAP regarding the compliance review of recorded oral reports is that such recordings can indeed be utilized for compliance review purposes. This means that if an appraiser provides an oral report, it may be recorded, enabling a review of the content and delivery against the established USPAP standards.

This provision allows for greater accountability and enhances the ability to ensure that the oral report adheres to the ethical and professional standards set forth by USPAP. The flexibility of utilizing recordings underscores the importance of maintaining integrity and transparency in the appraisal profession, as it allows oversight and evaluation of an appraiser's adherence to the required standards, just as with written reports.

In contrast, the options indicating that reviews of oral reports are not allowed or that only written reports can be reviewed imply a more limited view of compliance and quality assurance practices than what is actually endorsed by USPAP. The suggestion that reviews must only follow specific standards also conflicts with the broader applicability of compliance reviews to various types of appraisals, including those presented orally.