Fair Value Measurement
With a proven track record of leadership in the full accounting ecosystem, from financial reporting to the audit to the specialists that help connect all the dots in between, the AICPA recognizes the need for increased competence and improved quality, consistency and transparency in the performance of fair value measurements. We are introducing the Certified in Entity and Intangible Valuations™ (CEIV™) credential for CPAs and Finance Professionals to demonstrate our commitment to enhancing audit quality, consistency and transparency in fair value measurements for financial reporting purposes.
The AICPA’s Financial Reporting Executive Committee has issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of the AICPA’s Business Combinations Accounting and Valuation Guide. This working draft provides nonauthoritative guidance and illustrations for preparers of financial statements, independent auditors, and valuation specialists regarding how to estimate the fair value of inventory acquired in a business combination in accordance FASB ASC 820, Fair Value Measurement.
These FAQs detail the much-awaited Quality Monitoring Program for the CEIV credential and include highlights about the process, integration of a firm’s existing QC processes, timing, potential outcomes, and more.
The AICPA's CEIV Exam and application are now available. Position yourself as an expert in fair value measurements by obtaining the CEIV credential from the world's largest accounting membership organization.
Whether you are a CPA or a Finance Professional, you will be required to pass a Qualifying Valuation Exam* and the CEIV Exam to obtain the AICPA's CEIV credential.
The ABV Exam is the Qualifying Valuation Exam offered by the AICPA.
The ABV Exam is now available year-round.
Visit the CEIV Pathway Tool to find out which education and exam preparation bundle is right for you.
*Other Qualifying Valuation Exams include ASA BV 201-204 or BV Challenge Exam, CFA level 3 Exam, and CBV Exams, and the RICS APC or SPA.
Fair Value Measurement Support
Have questions about fair value measurement issues, developments related to the CEIV credential, or even navigating the Fair Value Measurement Interest Area? Contact us directly for assistance:
Eva Simpson, CPA, CGMA
Director - Valuation Services
Mark Smith, JD, CPA
Senior Manager - Valuation Services
Jeff Scroggs, PhD
Senior Manager - Financial Instruments
Additional inquiries can be submitted toFVM@aicpa.org.
The trademarks CEIV and CERTIFIED IN ENTITY AND INTANGIBLE VALUATIONS are owned by Corporate and Intangibles Valuation Organization, LLC, and are used under license agreements between Corporate and Intangibles Valuation Organization, LLC and RICS, ASA and AICPA.
The AICPA recognizes the need for improvements in the performance of fair value measurements. The Certified in Entity and Intangible Valuations™ (CEIV™) credential for CPAs and Finance Professionals demonstrates our commitment to enhancing audit quality, consistency and transparency in fair value measurements for financial reporting purposes.More on AICPA TV
Competency and Learning
Fair value measurement continues to be a top area of concern amongst both public and privately-owned organizations. The learning resources provided in theFair Value Measurement section of the AICPA | CIMA Competency and Learning site are designed to help practitioners understand the knowledge and skills needed in fair value measurement for entities & intangibles, including goodwill, business combinations, and impairment of long-lived assets.
Check your knowledge to evaluate your proficiency and find related learning resources.