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Qualifications for the CVA—
Certified Valuation Analyst Designation |
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To qualify for the Certified Valuation Analyst (CVA) designation, the applicant must:
- Hold a valid and unrevoked CPA license issued by a legally constituted state authority (the Chartered Accountant [CA] designation issued in Canada is equivalent to the CPA in the U.S.);
- Be a Practitioner in good standing with NACVA;
- Attend an optional five-day training program;
- Submit three personal and three business references; and
- Pass a comprehensive two-part examination. Part One is a five-hour proctored exam, and Part Two is a take-home/in-office exam incorporating a standardized case study (provided by NACVA) that requires performing a complete business valuation. Part Two of our exam takes 40–60 hours to complete. (See Experience Alternative for Case Study on page 11 of the Association Brochure.)
CVA/AVA Designation Application (PDF)
CVA/AVA Training Center Locations, Dates and Curriculum
Business Valuation Training Center Pre-Reads
Recertification and Reporting Requirements
CVA/AVA Exam
CVA/AVA Recertification (PDF)
Transferring Designation
The CVA/AVA Training Center is a five-day training program consisting of
five different seminars geared to prepare individuals to take the 40-60 hour take-home or in-office exam required by the Association for CVA/AVA certification.
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| Prerequisites for CVA Certification |
| Education |
College degree3 |
| Experience in BV |
None |
| Other Credentials Required |
CPA |
| Work Experience-Other Than BV |
2 yrs for licensed CPA |
| References Required |
Yes |
| Training Requirement |
Yes: 40 hrs5 |
| Testing Requirements |
| Proctored Exam |
Yes |
| Length of Proctored Exam |
5 hrs |
| Case Study |
Yes |
| Time to Complete Case |
40–60 hrs |
| Submission of Client Report |
None7 |
| Recertification Requirements |
| Continuing Professional Education in BV and Related Areas |
Yes |
| Hours of CPE / Reporting Term |
36 hrs minimum every 3 yrs8 |
| Ethics, Standards and/or reporting Training and Testing |
8 hrs training every 3 yrs thereafter; no test required, unless self-study9 |
| Quality Enhancement, Quality Review or Peer Review |
Yes: quality enhancement |
| Continuing Experience |
None15 |
| Other Credential Features |
| Inactive Status Available |
Yes |
| Times/Places Proctored Exam Offered |
Anytime, nationwide, thousands of locations |
| Requirement to Adhereto BV Standards |
Yes |
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| NACVA Footnotes |
- Information herein can be found in "The Association" brochure published by NACVA and updated annually
- In the past, NACVA offered three business valuation designations: the CVA, AVA, and the GVA. As of June 1, 2002, the GVA was rolled into the AVA designation and no longer exists.
- Implied due to CPA requirement; most states require a college degree to become a CPA
- Degree must be in field of business
- Can exempt out if one holds a BV credential from one of the other BV credentialing organizations
- AVA applicants may also be tested on accounting fundamentals as applicable to the business valuation process
- Applicants may apply to submit a client BV report in lieu of the Case Study if they have 10,000 hours or more experience in business valuation or an equivalent thereof
- CPAs are required to obtain 40 hours of CPE each year to maintain their CPA license in most states. Designees who obtain applicable CPE greater than 36 hours may receive credit towards fullfilling recertification and other requirments
- Member may submit a client BV report for grading in lieu of training in the second and subsequent reporting periods; passing score satisfies requirement
- Many credentials are recognized for meeting this prerequisite, all of which have a college degree/equivalent requirement to them. Without holding one of these credentials, applicant must have a post-graduate degree in business
- Experience in 10 litigation matters is required, in 5 of which applicant gave depositions or expert testimony
- Can exempt out of part [or all] of the training showing proof of substantial experience, or by having similar training on certain topics
- A report prepared under Federal Rule 26 within the last 3 years, and admitted into evidence, can be submitted in lieu of the case study
- Active in 6 litigation matters every 3 years
- Designees who meet certain experience requirements may receive credit towards fullfilling recertification and other requirements
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