Friday, May 30, 2008

Anne Ahira | Kelly Skarda

Anne Ahira News - Ahira - Business Appraisals - Understanding The ABCs Of Business Valuation Designations By Kelly Skarda

Understanding business valuation designations is like reading a bowl of alphabet soup. Each three-letter abbreviation may sound impressive, but they mean nothing at all. While confusing for clients and their professional advisers, it is important to remember that not all designations are equal. Depending on the associations, appraisers are required to demonstrate varying degrees of experience and aptitude.

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The American Institute of Certified Public Accountants

The American Institute of Certified Public Accountants (AICPA) has awarded the Accredited in Business Valuation (ABV) designation for CPAs engaging in business appraisals since 1997. Currently, there are about 2,200 ABVs in the country.

All ABVs are licensed CPAs who have completed at least ten business valuations and have passed a one-hour proctored exam. However, unlike some of the other accreditations, the AICPA does not require a peer-review process, but ABVs must demonstrate involvement in at least five business valuation engagements and 60 hours of continuing education courses every three years.

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