The AICPA is launching the Certified in Valuation of Financial Instruments (CVFI) credential, and an exposure draft of a “disclosure framework” has been issued that establishes parameters of documentation requirements. Comments are due September 26.
The AICPA’s goal is “for the CVFI to become a global credential that other valuation organizations are able to offer their members.” This new credential is not just for CPAs and will involve training, an exam, and ongoing quality control. The global nature of the credential means that it will embody not just U.S. GAAP, but international standards as well, such as IFRS.
For more information, the AICPA has set up a special page that includes links to the exposure draft and a sign-up form so that you can get future alerts as the credential develops.
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