The AICPA Valuation Principles Exam

Exam Overview

The Certified in Entity and Intangibles™ (CEIV™) credential is for individuals who perform fair value measurements for financial reporting purposes. To earn the CEIV credential, candidates must meet two levels of rigorous qualification requirements, one of which includes passing a Qualifying Valuation Exam*. In order to meet this requirement, Finance Professionals must pass the two-part, modular AICPA Valuation Principles Examination.

*Qualifying Valuation Exams include the AICPA Valuation Principles Exam, Accredited Senior Appraiser (ASA) Business Valuation 201-204 Exams, Chartered Financial Analyst (CFA) Level III Exam, Chartered Business Valuator (CBV) Exam, or Royal Institution of Chartered Surveyors (RICS) Assessment.

Steps to the Exam

Exam Dates

The Valuation Principles Exam is now offered year-round, beginning February 1, 2018. Now you can take the exam when it is convenient for you.

Fees

For first-time registrants, the price per module is $220 for AICPA members or $275 for non-members. The price to retake each module is $60.
 

Discount Pricing

Walk through the CEIV Pathway Tool for discounted pricing on your customized credential education and exam pathway.

Registration Process

If you are interested in taking the AICPA Valuation Principles Examination, you must register online and pay the required exam fee for each module. Upon registering, you will receive a separate confirmation via email for each module. This confirmation does not serve as the Notice to Schedule email.

Online registration is available through discounted CEIV education and exam bundles. Find out what customized credential education and exam pathway is most suited for you.

Exam Content Specification Outline


The Content Specification Outline (CSO) has been developed through various sources to provide an overview of the knowledge that business valuation practitioners should possess. It is the comprehensive body of knowledge that will be tested on the Valuation Principles Exam. There are three major topical areas that provide a framework for knowledge and skill tested on the Valuation Principles Exam.

It is important to note that you will most likely be better-prepared for the exam if you use the resources contained within the CSO and not just rely upon your individual experience. 

Exam Review Course 

Offered in text format, the Valuation Principles Exam self-study review course includes over 300 practice questions.

Find out what customized credential education and exam pathway is most suited for you.

Scheduling Process

This process begins when you receive your Notice to Schedule (NTS) email two weeks after registration. It contains instructions on how to schedule, a link to the test center, and your unique voucher code to enable you to schedule your specific date and location. After receiving your NTS email, you may schedule your exam. Please schedule early to improve your likelihood of obtaining your desired time and location. The NTS email will provide instructions on how to do so. Below is a snapshot of the process for in-person or online testing.

In-person testing:

  1. Visit the Valuation Principles Exam Scheduling Website.
  2. Follow the steps to establish a test-taker account. If you have already established a test -taker account for a previous exam, use the username and password that was previously provided. For assistance with your username or password, please contact the AICPA Member Service at 888.777.7077 or email us.
  3. Upon receipt of email confirmation of your username and password, login to schedule.
  4. Click on the Schedule Exam link in the task bar at the top of the page.
  5. Select the AICPA Valuation Principles Exam module for onsite proctored and click on Register Now button.
  6. Select the desired HOST location (testing center).
  7. Select the desired date and time a testing center is available and proceed to checkout. 
  8. Enter the voucher code that was provided in the NTS letter at checkout and click submit and done.
  9. A scheduling confirmation email will be sent to the email address provided. It is important to print and/or keep a copy of this confirmation page on file as it includes the Test Authorization Code required for exam admittance.

Online testing:

  1. Visit the Valuation Principles Exam Scheduling Website.
  2. Follow the steps to establish a test-taker account. If you have already established a test -taker account for a previous exam, use the username and password that was previously provided. For assistance with your username or password, please contact the AICPA Member Service at 888.777.7077 or  email us.
  3. Upon receipt of email confirmation of your username and password, login to Webassessor on the computer you will use to take your exam and download the Sentinel security program, take your photo, and set your personal keystrokes for test taker validation.
  4. To schedule your exam, click on the Schedule Exam link in the task bar at the top of the page.
  5. Select the AICPA Valuation Principles Exam module for online proctored and click on Register Now button.
  6. Select the desired date and time that an online proctor is available.
  7. Select the desired date and time the desired location is available and proceed to checkout.
  8. Enter the voucher code that was provided in the NTS letter at checkout and click submit and done.
  9. A scheduling confirmation email will be sent to the email address provided. You are not required to print a copy of this confirmation page for online examination.

Testing Locations

At this time, the in-person Valuation Principles Exam is only offered in the United States and Canada. There are almost 300 locations nationwide. Find the closest one >>

Test Regulations

The Kryterion host location has procedures you must follow. Please make sure to read their procedures document in full so you can be fully prepared. 

  • Calculators - Any non-programmable calculator will be admitted into the examination room or online exam. We recommend you bring a financial calculator. Online exam candidates will be required to show their calculator to the online proctor.
  • Scratch paper - In-person exam candidates will be given scratch paper and pencils during the exam. Online exam candidates will have access to an electronic scratch pad (text box).
  • Online Technology – Online exam candidates must have either a laptop camera or USB camera and a microphone available for the proctor to monitor your test environment.

 

Additional Information

To find a more detailed overview of the scheduling process including rescheduling, cancellations and refunds, download the Valuation Principles Exam Registration and Scheduling Terms and Conditions.



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