Credentials

The Credentials to Do it Right

No matter what the purpose, a fair and accurate valuation is critical. Before putting a business in the hands of a valuation consultant, make sure they first meet or exceed the essential qualifications and standards of the profession. Here is a list of credentials to look for, in addition to the organizations that regulate them, and what they mean:

CPA

Certified Public Accountants are professional financial experts. Each state’s board of accountancy stringently regulates CPA’s to ensure the highest professional standards and compliance with the board’s standards and ethics. A CPA earns their title by passing a comprehensive national uniform examination given on business law, accounting, taxation and auditing. Depending on the state, a CPA requires a degree in Accounting, graduate work, two years of experience, and an ongoing requirement of forty hours of continuing education per year.

ABV

Accredited in Business Valuation. The American Institute of Certified Public Accountants awards the ABV designation after the applicant passes a comprehensive six-hour examination, and undergoes a rigorous credentialing process. A professional ABV maintains this title with 60 hours of continuing education every three years. Only Certified Public Accountants (active or inactive) may hold this designation.

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