The AICPA grants the Certified in Entity and Intangible Valuations™ (CEIV™) credential to individuals who perform fair value measurements of entities and intangible assets for financial reporting purposes. To qualify, new CEIV applicants who hold a CPA license must:
- Be a member of the AICPA in good standing.
- Hold a valid and unrevoked CPA license or certificate issued by a legally constituted state authority.
- Upon successfully meeting all requirements, complete the CEIV Credential Application.
- Attest to meeting minimum Business Experience, Education, and Exam requirements. Experience must be attested to by a present or past partner or supervisor. If a partner or supervisor is not available, peer attestation is acceptable. There are no exceptions to experience attestation.
- Sign a Declaration of Intent to comply with the requirements of CEIV Recertification.
- Pay the appropriate credential fee.
To earn the CEIV credential, you must meet two levels of rigorous qualification requirements that are based on successfully meeting minimum Business Experience, Education and Exam requirements in the areas of both valuation and fair value measurements.
To earn the CEIV credential, you must first demonstrate an essential understanding of valuation principles and concepts by accumulating at least 100 points from a combination of the 4 qualification categories:
- Business Experience;
- Valuation Education;
- Valuation Exam; and
- Credential reciprocity. Candidates who qualify through credential reciprocity receive 100 points and meet the Valuation Competencies requirement.
* Accredited in Business Valuation, Accredited Members and Accredited Senior Appraisers of the American Society of Appraisers (ASA), Member of the Royal Institution of Chartered Surveyors (MRICS), Fellow of the Royal Institution of Chartered Surveyors (FRICS), Chartered Financial Analyst (CFA) or Chartered Business Valuator (CBV).
Fair Value Measurement Competencies
In addition to the above, CPAs seeking to obtain the CEIV credential will be required to demonstrate competence in performing fair value measurements through meeting the following requirements:
- Attain a specified level of Fair Value Measurement Experience*;
- Complete CEIV Education; and
- Pass CEIV Exam.
*Experience related to fair value measurements may include auditor specialist valuation reviews of fair value measurements prepared by a third party or by management; firm review of fair value measurements prepared by the firm’s valuation team; signing valuation reports; performing, mentoring, supervising, or managing fair value measurement engagements; and consulting on, instructing, authoring, developing, thought leadership and staff development on fair value measurement matters. Experience must be attested to by a supervisor (or past supervisor if you changed employers). If a partner/supervisor is not available, peer attestation is acceptable. There are no exceptions to experience attestation.
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