Recertification and Reporting Requirements
Recertification assures that designees continue to enhance their knowledge and maintain a level of competence current with the progress of the industry.
NACVA’s recertification program follows a 60-point/60 CPE-hour system, whereby designees must obtain 60 points to comply with recertification. One hour of Continuing Professional Education (CPE) equals one point. The point system allows for additional (Bonus) points for attendance to training (recommended programs) that NACVA considers especially helpful for practitioners to stay well-rounded in the performance of their services, increase their awareness of recent industry developments, and be alert to issues that lead to, or contribute to, the quality of one’s work product. It also awards points for contributions to industry knowledge upon meeting certain criteria. By obtaining additional points, one can reduce the 60-hour CPE requirement to as low as 36 hours in a three-year cycle.
Based on the frequency of changes and developments in the industry, the VCB determined that recertification requirements must be completed every three years. This period starts with the first full calendar year after receiving the designation and in three-year cycles thereafter. The reporting date for recertification is December 31 of the year the compliance is due. For example, if the designee certified in July 2014, the recertification requirements must be completed by December 31, 2017, the compliance due date. Using the example above, the next compliance due date would be December 31, 2020. Fees will periodically be assessed to designees in order to cover HQ costs for administering and processing the recertification program.
Reporting CPE Optional
Designees may attest to having fulfilled NACVA's tri-annual CPE reporting requirements and may use NACVA's reporting form to track their CPE and record keeping. Designees must also agree that NACVA HQ, the Valuation Credentialing Board (VCB), or designated body, has the right to audit such designee to confirm he or she has indeed met the recertification requirement. Audits will be performed randomly, except unless a designee is reported to the Ethics Oversight Board (EOB), in which case, the audit may be prudent.
Must qualify for CVA designation before 3 year recertification completion
Must qualify for MAFF designation before 3 year recertification completion