Retired Status

Individuals, 62 years and older, who are retired, and issuing six or fewer valuation or calculation reports per year, can continue to display their credential as long as they include “retired” after their designation, for example, CVA (retired), AVA (retired), or CFFA (retired). Those who elect retired status can maintain NACVA membership as a Professional member or an Associate member, and are not required to comply with recertification requirements, which for CVAs includes no longer having to maintain their CPA license.

A retired member may not market his/her services, but may accept unsolicited valuation or financial forensic projects, and must adhere to special requirements as defined by NACVA’s Valuation Credentialing Board or Litigation Forensics Board, as applicable. In all cases, the retired member must follow NACVA’s Professional Standards in the performance of such work. If the retired member is issuing a report of any kind, written or oral, the retired member has three options as identified in items 1, 2 and 3 below.

1. If such report is to be signed or verbally communicated by the retired member as CVA (retired), AVA (retired), or CFFA (retired) theretired member must first have it reviewed/critiqued by an active designated member as assigned by NACVA headquarters, and follow theadvice of the reviewer (such service will be provided for a nominal fee); or
    
2. The following disclaimer must be footnoted on the signature page of a written report, or verbally communicated in an oral report:
   
   “The analyst signing this report has elected retired status with the National Association of Certified Valuation Analysts. Retired status means the analyst no longer must comply with the Association’s recertification requirements. Such requirements are intended to keep credentialed members of the Association abreast of current developments in the field of valuations and attuned to quality issues that pertain to the performance of business valuations.”; or
    
3. The retired member may issue the report, but is prohibited from having any document or communication related to the report or the engagement make reference or mention to the retired member’s CVA (retired), AVA (retired), or CFFA (retired) status, including but not limited to, letterhead, headers/footers of the report, business cards, and/or his/her curriculum vitae.