Experienced valuation experts who hold certain designations with other appraisal organizations can earn the BV credential from the American Society of Appraisers within 90 days under the ASA’s reciprocity arrangements. This was explained during a recent free ASA webinar on how experienced valuers can attain the ASA’s BV credential. For example, a person holding the CPA/ABV designation with five years of BV experience would only have to take an ASA ethics exam (one day), pass a 15-hour USPAP course and exam (in-person or online on demand), and submit a valuation report for review. The report review can take 90 days at most but is often much less. For more details on which designations qualify for reciprocity, you can go to the ASA’s BV Accreditation Guide or listen to a recording of the free webinar (BV184-WEB - Understanding the ASA BV Application and Accreditation Process) which will soon be available on the ASA website.
Extra: If you’re an ABV holder, the ASA has two special offers for you: One is a special membership offer that provides first-year savings (offer expires September 30). The other is a conference discount offer for the ASA 2018 Advanced Business Valuation Conference in Anaheim, California October 7-10, 2018. Click on the links for more details.