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™) and the Certified in the Valuation of Financial Instruments™ (CVFI™) credentials for CPAs and Finance Professionals to demonstrate our commitment to enhancing the quality, consistency and transparency of fair value measurements for financial reporting purposes.
This handbook contains information on how to obtain and maintain the CEIV credential. Learn about program requirements and what to expect with the new Quality Compliance Assessment questionnaire process for quality monitoring. The time to get started is now!
New AICPA Accounting and Valuation Guide Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946. This guide may also be useful for non-investment companies, such as corporate venture capital groups or pension funds, which make similar investments.
The CVFI credential will be granted by the AICPA to qualified professionals who demonstrate considerable expertise in performing and or reporting on fair value estimates of financial instruments for financial reporting purposes.
Access this tool to identify your customized pathway to the Certified in Entity and Intangible Valuation (CEIV) credential.
CVFI Credential - Get Started Now
CEIV Credential - Get Started Now
CEIV Candidates: ABV Exam Available Year-Round
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 or CFVI credentials, 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
Quality Manager - Valuation Services
Additional inquiries can be submitted to FVM@aicpa.org.
Learn about the CEIV Credential
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 the Fair 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.
Test your knowledge
Check your knowledge to evaluate your proficiency and find related learning resources.
AICPA Accounting and Valuation Guides
- Testing Goodwill for Impairment
- Valuation of Privately-Held-Company Equity Securities Issued as Compensation
- Assets Acquired in a Business Combination to be Used in Research and Development Activities
- Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies
Fair Value Measurement Training
Stay on Top of Fair Value Measurement Developments
The Fair Value Measurement Center will provide you with information and updates on the CEIV and CVFI credentials and areas impacting fair value measurements in one convenient location.
For more information or to submit questions, email us or visit the CEIV page or the CVFI page to learn more.
Notice: 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.