Kim A. Kimmel, CPA, offering business valuation (appraisal) services, recently became a Certified Valuation Analyst (CVA).
In his announcement, National Association of Certified Valuation Analysts (NACVA) Chief Executive Officer, Parnell Black, MBA, CPA, CVA noted, "The designation is an indication to the business, professional, and legal communities that Kim Kimmel has met NACVA's rigorous standards of professionalism, expertise, objectivity, and integrity in the field of business valuation, litigation support, and related consulting disciplines. She can be proud of the fact that NACVA's CVA and AVA (Accredited Valuation Analyst) designations are the only valuation credentials accredited by the National Commission for Certifying Agencies (NCCA)," Black added.
The Certified Valuation Analyst is the premier accreditation for CPAs who, for many reasons, are uniquely qualified to provide business valuation and litigation consulting services. As a general rule, CPAs, through their extensive training combined with experience in tax, auditing, accounting for small businesses, and financial analysis, have an excellent background for dealing with the complexities involved in providing valuation services. Few professionals provide the breadth of experience and development the public accounting profession produces, and, thus, a CVA is the preferred choice in selecting the right valuation professional to serve your needs.
To become accredited by NACVA, the candidate is required to successfully complete an intensive training and testing process. An initial requirement to becoming a certified valuation analyst is that the applicant be a licensed certified public accountant (CPA) registered in his or her state. Implicit in this requirement is that the CVA maintain at least a minimum number of hours (most states require 40) of Continuing Professional Education (CPE) each year and conduct him or herself within the ethical mandates established by the profession. NACVA also requires CVAs to obtain at least 12 hours of CPE each year in areas related to business valuation and/or litigation consulting, and periodically participate in programs sponsored by the association promoting quality and adherence to industry standards.
Business valuations are most commonly required in conjunction with any of the following situations:
