Upwards of 150 individuals have earned the Certified in Entity and Intangible Valuations (CEIV) credential so far, but many more individuals have either enrolled in the program (630 actual enrollees but up to an estimated 800 individuals) or have inquired but not yet enrolled (three to 500 individuals), according to speakers at the recent ASA/USC 14th Annual Fair Value Conference in Los Angeles. Why are there so many still in the pipeline? The Big Four, as well as some smaller firms, have stopped short of credentialing their people pending the finalization of the quality monitoring process. Under this process, all CEIV holders would have to submit a report and work file in the first year for inspection and compliance review. Firms have several concerns here. including the confidentiality of client information, whether the review is a firm-level or individual review, and whether all three VPOs (ASA, AICPA, and RICS) can come in and do an inspection. Also, if valuation is just part of a large project, how do you ensure that the inspection just looks at the valuation piece and not the other disciplines. Alternatives being looked at are a self-reporting mechanism for firms and a rigorous recertification process, where CEIV holders would be retested in order to maintain the credential.