The NACVA or National Association of Certified Valuation Analysts is the one that awards the CVA or Certified Valuation Analysts designation. It was established in the year 1991 and as of the present have an estimated number of 4,300 accredited members on a nationwide basis.
Certified Valuation Analysts are also licensed CPA’s just like the American Institute of Certified Public Accountants. CVA’s, however, need not have an experience not like the AICPA. CVA’s are required to pass an exam which consists of two parts in order to demonstrate aptitude. The 4-hour exam is facilitated by a proctor and is then followed by a take-home case study of around 40-60 hours which is standardized.
An estimated 75% of the applicants successfully pass the examinations and is supported by statistics.
The Institute of Business Appraisers
The IBA or Institute of Business Appraisers is the one which awards the qualifying members with the CBA designation or Certified Business Appraiser designation. It was established in the year 1978 and is recognized as the first association with full dedication to business appraisers. Approximately 28% of the applicants pass the strict requirements as noted by IBA which makes the CBA an elite and superior title or position in the industry.
Prior to submitting an application, CBA’s need to complete a minimum of 90 hours of education in business valuation or 10,000 hours of work experience. The potential candidates should then pass a proctored exam which takes 6 hours and submit 2 appraisals for peer review. Additionally, CBA’s should attend continuing education courses equivalent to 24 hours every 2 years for them to be able to keep their designation.
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