The Royal Institution of Chartered Surveyors (RICS) organized its first business valuation conference in Hong Kong this past December, where Steve Choi,
RICS global director of business valuation, talked about the recently launched Certified in Entity and Intangible Valuations (CEIV) credential. Addressing a crowd of over 200 institutional investors, corporate directors and valuation practitioners, regulators from the Hong Kong Securities and Futures Commission, and the Financial Reporting Council, Choi echoed key concerns over poor valuation practices and highlighted the need for more rigor, reliability, and accountability in the business valuation process. For more on the conference, click here
. The CEIV credential is related to fair value for financial reporting and has been developed under a joint effort by the AICPA, ASA, and RICS. Each of these groups offers training and issues the credential.
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