The American Institute of CPAs has issued a white paper that explains the new Certified in the Valuation of Financial Instruments (CVFI) credential. The newly launched credential is not designed exclusively for CPAs but for any valuation professional who performs fair value measurements of financial instruments for financial reporting purposes. To obtain the credential, qualified candidates must meet education requirements covering the CVFI Body of Knowledge, an exam based on the Financial Instruments Performance Framework and the Body of Knowledge, and more than 3,000 hours of experience related to fair value estimates for financial instruments in the five years preceding the application.