Have you heard? The American Society of Appraisers’ Business Valuation Committee recently voted to change, effective immediately, the number of reports required for advancement to the ASA designation from two reports to one report.  This shift is retroactive for two years, according to a just-released Note from the Chair, Terry Allen, CPA/ABV, ASA. According to Allen’s explanation of the change:

• “If you are getting ready to apply for accreditation, you need to submit only one report.”
• “If you are currently in the process of having your reports reviewed, staff will monitor the process and, as soon as one report is approved by the Board of Examiners (BOE), you will have met the necessary report requirement.”
• “If, within the past two years (since December 1, 2006), you submitted two reports and had at least one report approved, you can now proceed with the accreditation process.”

Those in need of additional information should contact accreditation specialist Sabri Math at smath@appraisers.org or at 703.733.2106.  

BV experts looking to keep up with happenings within the industry’s professional associations will find BVR’s Professional Association Directory, 2009 Edition, of particular interest. Inside this updated publication are brief descriptions of each association, their relevant publications and professional certifications where applicable, key contact information, and the composition of certain key committees and officers. To download this comprehensive—and free—reference click here.