After several years of hard work by the AICPA, ASA, and RICS, the exam for the new valuation credential, the Certified in Entity and Intangible Valuations™ (CEIV™), is now available to professionals involved in fair value for financial reporting.
Do you qualify? If you have a business valuation credential from the ASA, AICPA, or RICS, you need to meet the experience and education requirements specific to fair value and the CEIV credential. You need 3,000 hours of fair value experience over the past five years and take a two-part course and pass the two-part exam. The first part of the course is a body of knowledge on general accounting and valuation issues related to financial reporting, and the second part is education related to the Mandatory Performance Framework (MPF), which is a set of best practices all CEIV holders must follow. The exam is also in two parts that correspond to the education, and each part contains 60 questions and will take two hours to complete.
The AICPA, ASA, and RICS offer the credential, and they all offer online and live training. The exam is a timed online exam that is the same no matter which organization administers it. For more information, a special website has been set up for the credential.
BVR presented a recent webinar, CEIV: Ready, Set, Go!, that explains the credential and how to get it. William Johnston (Empire Valuation Consultants LLC), chair of the ASA’s BV committee and the ASA’s CEIV program development representative, conducted the webinar.
Please let us know
if you have any comments about this article or enhancements you would like to see.