The American Institute of CPAs has teamed up with the American Society of Appraisers and the Royal Institution of Chartered Surveyors on a new credential for financial professionals who provide fair value measurement services.

The AICPA, the ASA and the RICS began working in 2013 on developing a single credential that offers a more consistent framework for fair value measurement. The three organizations wanted to make sure financial professionals have the necessary training, qualifications, experience and expertise to do this kind of work. They released a proposed framework last year (see AICPA collaborating on new valuation credential).

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