I’m currently writing an article about this case, which is still ongoing but which has an interesting business valuation dilemma for both clients and business appraisers alike. That issue is “should a business appraiser issue a new report where the business appraiser has destroyed his workpapers for a prior appraisal?” The case also involves a secondary question in my mind: “should a business appraiser ever issue a letter report, even when that is what the client wants?” Is “just say no” a better strategy?