In an interview with the AICPA, Gary Roland (a managing director at Duff & Phelps) discussed the development of the new Certified in Entity and Intangible Valuations (CEIV) credential and the impact the new Mandatory Performance Framework will have on fair value measurements. One question he was asked was whether the CEIV credential will address anything that wasn’t addressed previously in performing valuations. “The thing that jumps out at me the most is the increased focus on prospective financial information and the added depth of analysis and assessment of projections,” says Roland. “The CEIV credential puts greater emphasis on professional skepticism and will, generally, benefit valuations. I think the level of diligence existed before, but with more emphasis, there will be a more systematic framework applied.” Roland was the first recipient of the CEIV credential from the AICPA. He has been a valuation professional for more than 25 years.

Extra: The new guidance will be discussed in a webinar tomorrow (October 26), Prospective Financial Information: Understanding and Applying the New (and Old!) Valuation Guidance, with David Dufendach (Alvarez & Marsal).