There may be a revision to the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangible Valuations (CEIV), according to Tony Aaron, who is retired from Ernst & Young and is now an adjunct professor at the USC Leventhal School of Accounting. Aaron, who chaired the performance requirements workstream group as part of the development of the CEIV credential, spoke at the recent ASA/USC 14th Annual Fair Value Conference in Los Angeles. The MPF is a set of best practices that, along with related documents, total over 100 pages. One of the goals of “MPF 2.0” is to simplify this down into something more concise, but there would be no changes to the substance of the documents, says Aaron. Key point: MPF 2.0 would not require a change to the CEIV exam questions. If the revision gets the green light, the goal is to have it completed by the end of 2019.

Extra: You can view a recording of the full-day webcast of the ASA/USC 14th Annual Fair Value Conference (see agenda) if you click here (purchase required).