The applicant – at a minimum – must:
1. Have a college degree and hold a valid qualification to practice public accounting;
2. Alternatively, hold a business degree from an accredited university, or have been granted a recognized finance-related credential (such as the CFA, CMA, CWA or CGA), and can demonstrate substantial experience in investment or business valuation.
For this purpose, demonstration of “substantial” experience means:
a. Two or more years full-time equivalent experience in a valuation related disciplines; or,
b. Having performed ten or more valuations in which the applicant’s role was significant enough to be referenced in a valuation report; or,c. Being able to demonstrate substantial knowledge of business valuation concepts, be published on the subject, completed graduate work in the field, or obtained a designation from another recognized business valuation accrediting organization.
3. Be a member in good standing of an IACVA Charter (at or prior to taking the ICVS examination);
4. While it is not required, IACVA strongly recommends completion of a five-day training program and prescribed course of study;
5. Submit three personal and three business references;
6. Successfully complete a comprehensive examination on valuation concepts. Part I is five-hours of (Online Computer based ) multiple choice questions designed to test participants on valuation theory and concepts. Part II is the demonstration of experience and can be met in a number of ways:
- – A three-hour case study (provided by IACVA) exam. The questions test best practices inthe performance of a valuation; or
- – Submit an actual sanitized (so as to protect your and your client’s identities) valuation report prepared in the last twelve months; or
- – Prepare a valuation report based on a case study provided by IACVA
- The exam sections are administered by the Charter by using an independent exam proctor approved by IACVA.