More valuation professionals will now qualify for the American Society of Appraisers (ASA) business valuation discipline’s Accredited Member (AM) designation. Candidates seeking the AM designation will no longer need to submit an appraisal report. This change reflects the need for advanced education by a growing number of professionals who perform valuation analysis but whose conclusions are not included in traditional appraisal reports. In a statement, Johnnie White, ASA CEO, creatively describes the AM credential as similar to earning a master’s degree, while the ASA credential as similar to earning a doctorate degree.