The National Association of Certified Valuators and Analysts (NACVA) is a professional organization established for business experts specializing in valuation, financial forensics, and litigation services. Established in 1991 and headquartered in Salt Lake City, Utah, the organization serves as a prominent resource for individuals involved in evaluating business worth and providing legal support in financial matters.
Key Features of NACVA
Mission and Commitment
NACVA's core mission is to support its members by providing quality resources to enhance consulting success and operational efficiencies. The organization aims to set its members apart in an increasingly competitive market by offering access to ongoing education, professional standards, and peer support.
Recognized Authority
NACVA is distinguished as the only accredited organization by the National Commission for Certifying Agencies (NCAA) and the American National Standards Institute (ANSI) for certifications in the disciplines of business valuation and financial forensics. This recognition emphasizes the credibility and reliability of NACVA's certifications and the integrity of its membership.
Valuation and Litigation Services
Members of the NACVA provide critical valuation and litigation support across various fields, including:
- Mergers and Acquisitions: Assisting businesses in understanding their value and facilitating transactions.
- Initial Public Offerings (IPO): Offering valuation services essential for companies transitioning to public markets.
- Bankruptcy Proceedings: Providing fair asset valuations in legal contexts.
Comprehensive Certifications
NACVA offers several specialized certifications tailored to various areas within the valuation field, ensuring members are equipped with the necessary skills and knowledge:
- Certified Valuation Analyst (CVA): Aimed at professionals conducting business valuations within consulting environments.
- Master Analyst in Financial Forensics (MAFF): Focused on financial litigation services, requiring candidates to have remarkable experience and to pass a rigorous exam.
- Accredited in Business Appraisal Review (ABAR): Recognizes expertise in assessing the credibility of business appraisal reports, although new certifications are no longer being issued.
- Certified Business Appraiser (CBA) and Master Certified Business Appraiser (MCBA): These credentials represent advanced levels of expertise in business appraisal, reflecting the highest standards in the industry.
Membership Options
NACVA offers various membership tiers responsive to different professional needs, including:
- Practitioner Membership
- Professional Membership
- Affiliate Membership
- Academic Membership
- Government Employee Membership
- Student Membership
- Legal Professional Membership
Membership fees are annual, varying from $135 to $545, and each category delivers unique benefits and access to valuable resources. Members enjoy educational opportunities, industry-specific training, networking with peers, and access to a vast array of publications and databases.
Support Networks
NACVA provides several support networks to empower its members through various initiatives, including:
- Writer's Guild: Fosters professional writing and publishing.
- Mentor Support Group: Guides newcomers to the profession.
- Pro-Bono Group: Encourages professionals to offer their skills to underserved communities.
- Training Team: Enhances educational initiatives.
Path to Becoming a Certified Valuation Analyst (CVA)
To become a CVA, candidates must navigate a structured process comprising six primary steps:
- Meet Qualifications: Ensure you fulfill prerequisite educational and professional experience requirements, including a relevant bachelor’s degree, necessary work experience, and prior valuations conducted.
- Apply for Credentialing: Submit an application and pay any associated fees.
- Study Provided Materials: Utilize NACVA’s wealth of resources to prepare for the exam.
- Pass the CVA Exam: Successfully complete the rigorous assessment to demonstrate competence in valuation principles.
- Peer Review: Participate in an evaluation of a business valuation report to validate practical application skills.
- Continuing Education: Maintain membership and stay current with continuing education requirements every three years to retain your designation.
Conclusion
The National Association of Certified Valuators and Analysts represents a vital component of the business valuation and financial forensics landscape, providing education, accreditation, and ethical guidelines. Its comprehensive approach to credentials and member support underscores its commitment to excellence within the industry. As financial complexities evolve, NACVA remains a key player in equipping professionals to effectively manage and determine business value, ensuring its members' ongoing success in their careers.