What is a CBA and CVA?
Certified Business Appraiser (“CBA”)
The CBA certificate, offered by the Institute of Business Appraisers (“IBA”), is a very prestigious credential in the eyes of all who are familiar with it as it earned the reputation of being the industry’s most difficult credential to obtain. This level of difficulty, however, led to very few individuals obtaining the CBA over the last many years. To qualify for the CBA designation, a candidate must be a college graduate with extensive valuation experience, must study for and pass a rigorous examination, and must submit two demonstration reports. As a specific example, in 2014, of 47 candidates (many of them CPAs) who passed the CBA exam and submitted demonstration reports, only two were passed. CBAs represent a premier group of business valuation professionals who had to cross the “Grand Canyon” to achieve their designation.
In 2008 NACVA acquired the assets of the Institute of Business Appraisers and continues to support and promulgate the CBA credential to the valuation community, including the ASAs, ABVs, CBVs, as well as NACVA's CVAs. We did so on behalf of a newly established non-profit entity of the same name who licensed the rights to keep the CBA active. The new IBA is overseen by a newly established Board of Governors (BOG) and supported by various committees comprised of CBA designees.
NACVA is proud to have the IBA’s CBA under our umbrella. To continue carrying the CBA, designees must comply with the same recertification requirements imposed on NACVA’s CVA designees, starting with recertification cycles beginning after 2016.
Certified Valuation Analyst (“CVA”)
The CVA designation is an indication to the business, professional, and legal communities that recipients have met the rigorous standards of professionalism, expertise, objectivity, and integrity in the field of business valuation, financial consulting and litigation, and related consulting disciplines. This CVA designation, established by the National Association of Certified Valuators and Analysts® (NACVA®), is the only valuation credential accredited by the National Commission for Certifying Agencies® (NCCA®), the accreditation body of the Institute for Credentialing Excellence™ (ICE™).”
The National Association of Certified Valuators and Analysts® (NACVA®) trains and certifies holders of the Certified Valuation Analyst® (CVA®) designation to perform business valuations as a service to the business, professional, and legal communities. Through training and rigorous testing, CVAs demonstrate they are qualified to provide capable and professionally executed valuation services.
NACVA recommends specific training as a prerequisite to certification to assure that credentialed practitioners have the knowledge and understanding necessary to perform competent services, and to assure a level of consistency and continuity in their work product. Users of a credentialed practitioner’s services benefit by having greater confidence that the service they receive is professional in quality, adheres to industry standards of practice, and meets a level of expertise the Association deems credible and worthy of one of its certified members.