MPJ Business Valuations Accreditation
The firm’s partners are Accredited Senior Appraisers (ASA), belonging to the American Society of Appraisers, and have served on its review panel. The American Society of Appraisers has the most rigorous membership standards of any appraisal organization.
ASA’s in business valuation must:
- Hold a 4-year college degree.
- Complete 5 years of verified full-time business valuation experience.
- Complete a 15-hour USPAP course and pass a written exam.
- Pass the ASA Online Ethics Exam.
- Complete a set of 4 Principles of Valuation courses on appraisal theory and practice and pass 4 respective exams.
- Submit 1 comprehensive written business valuation report performed for an actual client within the 2 years prior to submission. The report must pass a critical peer review graded on technical competence and compliance with the guidelines set by USPAP, the ASA’s Principles of Appraisal Practice and Code of Ethics, and the BV Standards.
Other Common Valuation Accreditations
A CVA, or “Certified Valuation Analyst,” credential is administered by a for-profit organization.
To obtain a CVA certification you must:
- Hold an active, valid and unrevoked CPA license OR a business degree.
- A non-CPA applicant must complete 2 years of verified full-time business appraisal experience;
- OR, have made a significant contribution to the completion of a minimum of 10 business valuations;
- OR, demonstrate a substantial knowledge of business valuation theory, methodologies and practices.
- Demonstrate experience with the completion of a sample Case Study OR submit an actual, sanitized Fair Market Value report.
- Attend an optional 5-day training program.
- Submit 3 personal and 3 business references.
- Pass a comprehensive, 5-hour multiple-choice, proctored examination
ABV, or “Accredited in Business Valuation,” is a certification governed by the American Institute of Certified Public Accountants.
To obtain an ABV certification you must:
- Hold a valid and unrevoked CPA license.Pass a 6-hour examination;
- OR, hold a certification from the American Society of Appraisers.
- Within the 5-year period preceding the application date, complete a minimum of 6 business valuation engagements;
- OR, 150 hours of valuation experience.
- Complete 75 hours of valuation-related continuing professional education within the 5-year period preceding the application date.
CBA, or “Certified Business Appraiser,” is a designation given out by a private, for-profit business; the Institute of Business Appraisers.
To obtain a CBA certification you must:
- Applicant’s holding an ASA certification or credentials from other specified organizations are exempt from mandatory training and the exam.
- Hold a 4-year college degree OR the equivalent.
- Complete the Business Valuation Certification and Training Center.
- Complete the Comprehensive Certified Business Appraiser Workshop.
- Pass a 5-hour multiple choice exam which covers current business valuation theory and practice and the IBA’s Professional Standards.
- Submit 2 demonstration reports for peer review that meet CBA requirements.
- Provide 2 character references and 2 professional competence references.
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