Washington (Nov. 19, 2003) -- The American Society of Appraisers and the American Institute of Certified Public Accountants agreed on an educational equivalency program for the business valuation professionals of the two organizations.

Under the agreement, an AICPA member who has passed the ABV examination will receive equivalent credit for passing the ASA’s four foundational courses in business valuation.

The 6,000-member ASA awards two credentials: the Accredited Member and Accredited Senior Appraiser designations. The AICPA offers the Accredited in Business Valuation credential, of which there are approximately 1,500 holders.

For an ABV to earn the ASA’s AM or ASA designation, they would have to complete ASA experience and membership requirements, as well as pass two appraisal reports through a peer review process. Individuals would also have to pass an ethics exam and the Uniform Standards of Professional Appraisal Practice exam.

-- WebCPA staff

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