Institute of Business Appraisers
In 2008, NACVA acquired the assets of the Institute of Business Appraisers (IBA) and continued to support and promulgate the CBA/MCBA 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/MCBA active. The new IBA was overseen by a newly established Board of Governors (BOG) and supported by various committees comprised of CBA/MCBA designees.
The CBA/MCBA 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/MCBA over the last many years, and not enough to support continued efforts to further develop and promote the credential. Thus, in 2016, NACVA suspended its activities relating to the proliferation and further development of the CBA/ MCBA, and thereby the credential is no longer available to interested candidates. We have also dissolved the non-profit IBA.
NACVA will continue to acknowledge, promote, and support the many hundreds of seasoned professionals who hold the CBA/MCBA because their influence, contributions, and prestige in the valuation industry is not, nor has ever been, in question. And, this goes back to the early beginnings of the industry when the CBA/MCBA was alone, the sole credential, when no other valuation credentials existed.
NACVA is proud to have the CBA/MCBA under our umbrella. To continue carrying the CBA/MCBA, designees must now comply with the same recertification requirements imposed on NACVA’s CVA/MAFF/ABAR designees, starting with recertification cycles beginning after 2016.
To find a CBA member, click here to search the Member Directory.
To find a CBA member, click here to search the Member Directory.
Date formed: 1978
Date dissolved: 2016
Description, Credentials, and Recertification:
In 2008 the IBA was acquired by the National Association of Certified Valuators and Analysts® (NACVA®).
2008 | The Fellow of the Institute of Business Appraisers (FIBA) designation was ceased.
2008 to 2012 | Operated as an independent membership and credentialing organization.
2011 | IBA and NACVA professional standards were unified ratifying principle-based standards jointly developed by a team representing both organizations. Both organization’s standards are published at www.NACVA.com/standards. The IBA standards will no longer be published or referenced after December 31, 2020.
2012 to 2016 | IBA was transferred to NACVA or the division of NACVA known as the Appraisal Database and Mentoring Services (ADAM). ADAM was dissolved in 2016.
2012 | The Accredited by IBA (AIBA) designation was sunset.
2012 | The Accredited in Business Appraisal Review™ (ABAR™) was merged into NACVA, retained its name, but the credentialing program was suspended in 2016. Credential holders required to comply with NACVA annual membership and tri-annual recertification policies.
2012 | The Business Valuator Accredited for Litigation (BVAL) was merged into NACVA. After a three-year sunset period, it was merged into NACVA’s Master Analyst in Financial Forensics® (MAFF®) designation. Credential holders required to comply with NACVA annual membership and tri-annual recertification policies.
2016 | The Master Certified Business Appraiser™ (MCBA™) retained its name, was merged into NACVA, and the credentialing program was ceased. IBA recertification policies remained intact through year-end 2018 to allow a transition period to comply with NACVA annual membership and tri-annual recertification policies. Effective January 1, 2019, IBA recertification policies ceased and, as such, MCBA credential holders must comply with NACVA’s tri-annual recertification policies.
2016 | The Certified Business Appraiser™ (CBA™) retained it name, was merged into NACVA, and the credentialing program was ceased. IBA recertification policies remained intact through year-end 2018 to allow a transition period to comply with NACVA annual membership and tri-annual recertification policies. Effective January 1, 2019, IBA recertification policies ceased and, as such, CBA credential holders must comply with NACVA’s tri-annual recertification policies.
For more information about the IBA or NACVA, please contact Member/Client Services at (800) 677-2009 or NACVA1@NACVA.com.
