Another BVWire respondent admits that he is “hedging his bets” by taking advantage of the AICPA Sponsor Program. Currently a CVA (Certified Valuation Analyst, from the National Association of Certified Valuation Analysts), this analyst doesn’t believe that the CVA and ABV will both coexist indefinitely. “NACVA has clearly anticipated the risk by creating credentials for non-CPAs and credentials related to other disciplines.”
Has the ABV been weakened by the current push to expand? “Hard to say…as passing a rigorous 8-hour exam does not guarantee good reports.” In fact, the CBA (Certified Business Appraiser, from the Institute of Business Appraisers) “is hardest because of the report requirement. You cannot write a report that will satisfy them unless you really know your stuff and how to express it.” The analyst’s long-term goal is to obtain the CBA credential: “I really respect it.”
For more on the Institute of Business Appraisers, which has just uploaded its 2007 education calendar, click here.
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