Electing or Imposed Inactive Status

Certified members who wish to defer recertification compliance and reporting due to extended inactivity in business valuation, financial forensics, unemployment, or a medical condition, but do not want to lose their certification, may elect “Inactive” status as an Associate or Professional member, for up to five years. Under this election (which is automatically imposed for non-compliance with recertification), the member cannot use his or her NACVA designation in any capacity, i.e., on business cards, curriculum vitae, signed reports, firm/ company website, company letterhead, yellow pages, other organization websites, social media (LinkedIn, Facebook, etc.), etc.—and will have to fulfill his or her recertification requirements for one reporting period to reactivate.

If reactivation occurs within one year, the member will keep his or her original date of certification, and will continue on the original recertification cycle.  If reactivation occurs after one year, the member’s effective date of certification will not be changed, but they will be placed on a new three-year recertification cycle.

Members who have gone more than three, but less than five years, as inactive are required to take certain courses (through NACVA/ CTI) to fulfill part of their CPE recertification requirement. This is to assure they are abreast of recent industry developments. Five or more years of Inactive status require that one retake the CVA, MAFF, or ABAR exam; and for CVAs, submit a sample Case Study or actual sanitized Fair Market Value (FMV) report (FMV as defined by Revenue Ruling 59-60).

Members who cancel membership completely (or are canceled by NACVA for non-payment of dues) who want to rejoin and reestablish their designation may do so, but will be assessed a reactivation fee. Once the member rejoins, he or she must then reinstate his or her status from Inactive to Active status following the guidelines above.

In all instances, membership must be upgraded to Practitioner level to reactivate.
 
Special Consideration for Active Military Service During Deployment
  1. Upon notification and prior to deployment, NACVA membership dues will be suspended (put on hold) for the duration of deployment;
  2. When member returns from active duty, membership dues will be reinstated;
  3. If recertification became due during the period of deployment, member is granted one year from when he or she returns to fulfill his or her recertification requirements.