Elected or Imposed Inactive Status
Elected Inactive Status
Credential designees who wish to defer recertification compliance and reporting due to extended inactivity in business valuation, financial forensics, litigation consulting, or for other reasons such as unemployment or a medical condition, but do not want to lose their certification, may elect Inactive status for up to five years.
Under this election, an active Affiliate membership is required annually. Elected Inactive credential designees 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. Refer to the Reinstating Your Credential charts in this section or contact NACVA Recertification at (800) 677-2009.
If reactivation occurs within one year, the designee will keep his or her original date of certification, and will continue on the original recertification cycle. If reactivation occurs between two and three years, the designee’s effective date of certification will not be changed, but they will be placed on a new three-year recertification cycle. Applicable fees will be assessed at that time.
*Lapsed is determined from the due date of your last tri-annual recertification cycle; the Date Earned field displayed on your NACVA account. The lapsed period begins three years after the Date Earned on your certification(s).
Designees who cancel completely (or are canceled by NACVA for non-payment of fees) who want to reestablish their designation may do so, but will be assessed a reinstatement fee. Once the designee does so, he or she must then reinstate his or her status from Inactive to Active following the guidelines above.
* Exception: If a CVA has been Inactive for seven or more years, but during the entire time has maintained an active ABV designation which requires attesting to ongoing experience in business valuation, such CVA is exempt from the Case Study/actual report submission requirement.
Imposed Inactive Status
Special Consideration for Active Military Service During Deployment
- Upon notification and prior to deployment, the NACVA required annual fees will be suspended (put on hold) for the duration of deployment;
- When the designee returns from active duty, required annual fees will be reinstated;
- If recertification became due during the period of deployment, such designee is granted one year from when he or she returns to fulfill his or her recertification requirements.