Which of the following is NOT a permissible option for reporting the results of a business appraisal?

A Limited Report is actually a permissible option for reporting the results of a business appraisal. It typically includes summarised findings, conclusions, and supporting data but may not provide as much detail or depth as a full Appraisal Report. Therefore, it is an accepted method of reporting within the framework of USPAP, assuming it meets the requirements of professional standards and client needs.

The correct choice indicates an option that does not fit within the accepted types of reporting for business appraisals. Restricted Appraisal Reports, Oral Reports, and Appraisal Reports are all valid formats recognized under the standards. An Oral Report allows appraisers to communicate findings in a verbal manner, which can be useful for clients who may not need a written document. A Restricted Appraisal Report is designed for a specific user and may contain limited information, while a full Appraisal Report provides a comprehensive analysis and detailed findings suitable for a wider audience.

In summary, understanding the nuances of each reporting option is essential for appraisers to ensure they are compliant with USPAP and can deliver appropriate reporting formats based on the context and requirements of the appraisal assignment.