It is possible that a CEIV credentialed valuation professional will be expected to be involved in all valuation estimates prepared for financial reporting for alternative investment funds, according to speakers from Duff & Phelps during a recent webcast. Indeed, some fund managers are already considering getting the credential, they say.
The new CEIV credential and its related mandatory performance framework (MPF) were designed for all fair value financial reporting by all entities that follow U.S. GAAP, not specifically for the alternative asset industry. But the D&P speakers expect the framework to be applied to the alternative asset industry, and they quote the MPF document: “The framework and the application of the MPF were designed to be used by all valuation professionals who provide valuation services for financial reporting purposes.”
You can listen to a replay of the complimentary D&P webcast, entitled The New Valuation Credential - How Will It Impact the Alternative Asset Industry?
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