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.
Recertify your credential(s) in one of 3 ways:
Option 1: Take two (2) Recommended CPE Bonus Point Programs for 24 points plus the applicable CPE; Report 60-point and/or 60 CPE-hour requirement in this section (required for this option); You owe no fee for Recertification because you took two Recommended Programs, which credits $200 each‡.
Option 2: Take one Recommended CPE Bonus Point Program for 12 points plus applicable CPE; Report 60-point and/or 60 CPE-hour requirement in this section (required for this option); One Recommended Program waives $200 off your recertification fee; Remit the balance $200 recertification fee‡ by contacting Member/Client Services at (800) 677-2009.
Option 3: Report 60-point and/or 60 CPE-hour requirement in this section (optional); Remit the balance $400 recertification fee‡ by contacting Member/Client Services at (800) 677-2009.
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 2019, the recertification cycle begins January 1, 2020 with compliance due by December 31, 2022.CPE must be earned in the years 2020, 2021, and/or 2022. Using the example above, the next compliance due date would be December 31, 2025 where CPE must be earned in the years 2023, 2024, and/or 2025. Fees will be assessed to designees in order to cover HQ costs for administering and processing the recertification program.
All credential holders must comply with tri-annual recertification policies by December 31 of their reporting cycle. This period starts with the first full calendar year after receiving the designation and in three-year cycles thereafter. For example, if the designee certified in July 2018, the recertification cycle begins January 1, 2019 with compliance due by December 31, 2021. CPE must be earned in the years 2019, 2020, and/or 2021.Using the example above, the next compliance due date would be December 31, 2024 where CPE must be earned in the years 2022, 2023, and/or 2024. Credential holders who do not comply will be placed on Inactive status. Tri-annual recertification compliance has been streamlined, making the process easy to complete relative to your specific area(s) of practice, while also making it flexible for you to meet the 60-point/60 CPE-hour (1 point=1 hour of CPE) requirement by December 31. Tri-annual recertification compliance also requires a recertification fee, which can be waived by taking Recommended CPE Bonus Point Programs.
CPE earned from programs in your reporting cycle should relate to business valuation, financial litigation/financial forensics, forensic accounting, financial statement analysis, gift and estate planning, professional standards, exit planning, accounting, economics, tax, audit, M&A, fraud, transaction advisory services, healthcare valuation, and ethics qualify towards recertification. Note: NACVA offers numerous free one-hour virtual courses per year. For purposes of recertification, CVA and MAFF designees are limited in how many free CPE hours they can use in a three-year recertification cycle to five (5) hours.
Recommended CPE Bonus Point Programs
NACVA’s governing boards and training faculty have identified NACVA/CTI courses—Recommended CPE Bonus Point Programs—that reinforce core business valuation and financial litigation theory, methodologies, and practice. These programs will keep you well-rounded in the performance of business valuation and financial litigation services, increase your awareness of industry developments, and provide practitioner-centric training keeping you alerted to issues that lead to, or contribute to, the quality of your work product. These programs are conveniently offered through live classroom, live online, and online/on-demand throughout the year. For two of these programs, you will receive 12 bonus points each (24 points maximum) that count towards the 60-point requirement. Each program also waives $200 off the Tri-Annual Recertification fee. Bonus points for these courses are only awarded once in a tri-annual recertification compliance cycle.
CPE Attestation/Reporting CPE Option