The National Association of Certified Valuators and Analysts has withdrawn from the International Association of Consultants, Valuators and Analysts, the IACVA announced.

The international network of professional valuators also announced that it would be  rebranding its valuation credential from the “Certified Valuation Analyst” to the “International Certified Valuations Specialist.”

According to the IACVA, NACVA had announced its intention to leave the network in August 2013. The two organizations had had a collaborative arrangement since 2000, and had been in negotiations to attempt to continue cooperating since late 2011.

Salt Lake City-based NACVA is the largest valuation society in the U.S., while the Toronto-based IACVA promotes the valuation profession through supporting “charter member” national associations in various countries around the world.