Emeritus Status for Retiring Credential Designees
Individuals, 62 years and older, who are retired and issuing six or fewer valuations, calculation or financial forensic reports per year, can continue to display their credential in business communications, including, but not limited to: letterhead, headers/footers of the report, business cards, and/or his or her curriculum vitae, and valuation reports, as long as they include “Emeritus” after their designation, for example, CVA (Emeritus), MAFF (Emeritus), ABAR (Emeritus), CBA (Emeritus), or MCBA (Emeritus).Those who elect Emeritus status may maintain NACVA membership as a Professional or Affiliate member. Non-member CVAs cannot elect Emeritus status. Emeritus status is only available to members. All Emeritus credential designees are required to comply with one component of recertification for which there are associated fees—taking either NACVA’s Current Update in Valuations (CUV) course once every three years (via live, webinar, or self-study) or, alternatively, taking 36 hours of applicable CPE every three years. CPA-CVAs no longer have to maintain their CPA license.
An Emeritus designee may not market his or her services, but may accept unsolicited valuation or financial litigation projects, and must adhere to special requirements that may be subsequently promulgated by NACVA’s Valuation Credentialing Board (VCB) or Litigation Forensics Board (LFB), as applicable. In all cases, the retired designee must follow NACVA’s Professional Standards in the performance of such work. Exceptions to the 62 years of age or older requirement will be considered if, upon written request to the applicable Board, the designee can show valid reasons why early retirement was taken or required, such as health considerations or forced retirement where re-employment may not be feasible or practical.
Emeritus designees who wish to reinstate their designation to full non-Emeritus status, must reactivate their credentialed status following the same procedures as required for designees who have been on Inactive status.