The American Society of Appraisers (ASA) says that “important steps” have been taken to finalize the quality monitoring (QM) requirements for the Certified in Entity and Intangible Valuations (CEIV) credential. The ASA, AICPA, and the Royal Institution of Chartered Surveyors (RICS) offer the credential for professionals involved in fair value for financial reporting. All CEIV credential holders must submit to defined compliance monitoring requirements. “However, revisions are being made to those requirements in terms of timing and the potential integration of a firm’s existing QM process into the CEIV QM requirements,” says the ASA in a release.

Extra: Developments in the CEIV credential are just one of the topics on the agenda at the ASA/USC Fair Value Conference in Los Angeles on May 10.