ABV (Accredited Business Valuator)
Don Bays, Steve Koons, Mark Hughes
Granted by: American Institute of Certified Public Accountants
Comment: The mission of the ABV Credential program is to provide a community of business valuation experts with specialized access to information, education, tools, and support that enhance their ability to make a genuine difference for their clients and employers. The ABV Credential program allows credential holders to brand or position themselves as CPAs who are premier business valuation service providers. ABV Credential holders differentiate themselves by going beyond the core service of reaching a conclusion of value, by also creating value for clients through the strategic application of this analysis.
ASA (Accredited Senior Appraiser)
Steve Koons
Granted by: American Society of Appraisers
Comment: ASAs must demonstrate five years of full-time equivalent experience in business valuation to get their professional designation. ASAs have experience in appraising a wide variety of companies - public and closely held, large and small - and have experience in appraising a wide variety of business intangible assets. ASA has an extensive, long-established educational program including a core series of courses, various advanced courses and seminars, an annual cross-discipline international conference, and an annual advanced business valuation conference. Candidates for an ASA designation must complete the core series of four three-day courses in business valuation and successfully finish a half-day test following each course. To retain their designations, ASAs must demonstrate participation in continuing education.
CGREA (Certified General Real Estate Appraiser)
Gary Ringel, Larry Bloom
Granted by: State of Arizona Board of Appraisal
Comment: To receive the CGREA designation, a commercial real estate appraiser must receive a passing grade on five course examinations and a comprehensive, four-hour final that represent 180 hours of classroom instruction testing the appraiser's knowledge of appraisal principles, commercial appraisal valuation techniques and standards of professional practice and receive credit for 3,000 hours of commercial appraisal experience.
CFF (Certified in Financial Forensics)
Don Bays, Steve Koons, Julia Miessner, Mark Hughes
Granted by: American Institute of Certified Public Accountants
Comment: The credential Certified in Financial Forensics combines specialized forensic accounting expertise with the core knowledge and skills that make CPAs among the most trusted business advisers. The CFF encompasses fundamental and specialized forensic accounting skills that CPA practitioners apply in a variety of service areas, including: bankruptcy and insolvency; computer forensics; economic damages; family law; fraud investigations; litigation support; stakeholder disputes and valuations. To qualify, a CPA must be an AICPA member in good standing, have at least five years of experience in practicing accounting, and meet minimum requirements in relevant business experience and continuing professional education. |
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CPA (Certified Public Accountant)
Don Bays, Steve Koons, Julia Miessner, Mark Hughes
Granted by: American Institute of Certified Public Accountants
Comment: The Certified Public Accountant is state licensed and has been tested on subjects including auditing, accounting and taxation. While many CPAs perform business valuations, their education does not include the skills to competently perform business valuations; this knowledge can, however, be gained through additional education and experience. The ABV designation represents an enhancement to the CPA designation to indicate competency in the area of business valuation.
MAI (Member of the Appraisal Institute)
Larry Bloom
Granted by: The Appraisal Institute
Comment: The Appraisal Institute is an international network of highly qualified professional real estate consultants. It is acknowledged as the worldwide leader in residential and commercial property appraisal education, research, publications, and designation programs. The Member of the Appraisal Institute designation is the most prestigious accreditation in the real estate valuation profession. All members must adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice. Current requirements to obtain the MAI designation include 380 hours of classroom instruction, 11 course examinations, a four-module, two-day comprehensive exam, four-year accredited college education, 6,000 hours of professional experience, and approval of a demonstration report of an income producing property under stringent review requirements.
SRA (Senior Residential Appraiser)
Lisa Gundersen
Granted by: The Appraisal Institute
Comment: The SRA professional membership designation is held by real estate solutions providers who are experienced in the analysis and valuation of residential real property. The current requirements that an appraiser must fulfill to receive the SRA designation are as follows: Receive a passing grade on seven examinations that reflect 181 hours of classroom instruction and that test the appraiser’s knowledge of appraisal principles, residential valuation techniques, report writing and standards of professional practice; hold an undergraduate degree from an accredited educational institution (or satisfy a specified alternative); and receive credit for 4,000 hours of experience, including 2,000 hours of residential appraisal experience, all of which must meet strict criteria.
CVA (Certified Valuation Analyst)
Don Bays
Granted by: The National Association of Certified Valuation Analysts
Comment: There are more Certified Valuation Analysts (CVA) and Accredited Valuation Analysts (AVA) designated, over 4,500 active, than all the other valuation credentials combined (over 18,000 trained). NACVA is the nation’s leader in standards setting for the valuation industry, demonstrated with an active body of 45 members who meet monthly and through current and past participation on the Appraisal Issues Task Force, North American Business Valuation Standards Council, IRS Valuation Policy Council, and the USPAP Working Group. Our participation is requested in every major industry standards event because we can be depended upon for reasoned and clearly articulated input.
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