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Q. Are there any provisions for grandfathering or granting the ABV designation through reciprocity to those that hold business valuation designations from other appraisal organizations?
A. No. The ABV accreditation program has been designed to ensure that the program be available to AICPA members who have demonstrated the necessary depth and breadth of experience and knowledge in business valuation and are members in good standing while holding a valid CPA certificate or license. These requirements provide that the credential holder has the proper level of professional competence and adheres to the AICPA Code of Professional Conduct.
Q. Are there anv differences between the Certificate of Educational Achievement (CEA) in Business Valuation and the ABV designation?
A. Yes. The CEA is awarded to those who successfully complete the eight-module business valuation educational program. The CEA is an indication of completion of an educational program not an accreditation, and as such, may not be used as a professional designation. The ABV designation incorporates an experience requirement and a written examination designed to test knowledge in business valuation and requires ongoing experience and CPE in order to maintain the designation.
Q. Does simply assisting in the preparation of common-sized financial statements, doing ratio analysis, or performing certain analytical review procedures count toward the ten engagements-project experiences required to be able to sit for the ABV examination?
A. No. The experience component of the eligibility requirement to sit for the written ABV examination states that the candidate must provide evidence of ten business valuation engagements that demonstrate substantial experience and competence. For purposes of the ABV accreditation program, the ABV Credential (ommittee has defined a business valuation engagement or...