The AICPA is recruiting for the position of Quality Control Manager – Valuation (Fair Value) whose job it will be to make sure that individuals who hold the new credential in fair value measurement are performing their work up to par. This is part of the BV profession’s overall quality initiative with respect to fair value measurements.

The AICPA, ASA, and RICS will issue the new fair value credential under a common framework, but the individual will be bound by the issuing group’s professional and ethics standards. It will be rolled out this year in two phases: one for business and intangibles and one for financial instruments.

Stay current: An update on the new credential as well as all things fair value will be covered at the upcoming AICPA Fair Value Measurement Workshop to be held in New York City on March 21-22. Mark Zyla (Acuitas) tells BVWire that, in addition to the new credentialing initiative, he will cover current fair value developments regarding the Private Company Council (PCC), latest SEC and PCAOB regulatory matters, and the future of fair value for financial reporting.