Certified Business Appraiser Accreditation

The Professional Accreditation Program is one of the most important components of the Institute's professional development curriculum.  Members who meet established criteria are awarded the prestigious professional designation of Certified Business Appraiser (CBA). This distinction, which denotes a level of competence attained only by the most accomplished business appraisers, grants its recipients special recognition and prestige among fellow appraisers, the courts and throughout the business appraisal community.

Accreditation as a Certified Business Appraiser (CBA) is available to those members of The Institute of Business Appraisers, Inc. who are able to demonstrate that they have attained a high level of professional competence and conduct. The CBA accreditation designates the appraiser as a true professional in his/her field, worthy of the admiration of fellow appraisers and deserving the fullest confidence of clients and potential clients.

Candidates for CBA accreditation must provide:

1. An application on the official application form, furnished by the Institute upon request.

2. Applicant must possess a 4-year college degree or equivalent and provide proof of this to the IBA in the form provided by the Institute. In addition to the 4-year college degree, the applicant must have successfully completed at least 90 classroom hours of upper level course work. At least 24 hours of this coursework must have been in courses offered by the Institute of Business Appraisers, the remainder could have been offered by other professional business valuation societies. In lieu of the 90 classroom-hour requirement, the applicant may demonstrate 10,000 hours active experience as a business appraiser. All applicants must also complete IBA's 16 hour course 1010, report writing.  Applicant shall provide proof in support of his educational achievement or experience in the form specified by the Executive Director.

3. Applicant must have 10,000 hours active experience as a business appraiser, or have met the education requirement above. Applicant's experience must include valuation of a variety of business types and appraisals for a variety of purposes. Proof in support of an applicant's appraisal experience and tenure shall be provided in the form specified by the Executive Director.

4. Applicant must provide four satisfactory references, two references as to personal character; and two references as to professional competence as a business appraiser.

5. A non-refundable application fee.

6. Applicant must be a member-in-good standing of the Institute of Business Appraisers.

7. Complete a 6 hour, proctored, CBA written examination covering the theory and practice of business appraisal. These exams are given at selected sites in the spring and fall of each year and at the national conference. Applicants may be exempt from the exam if they: hold an ASA designation in business valuation from the American Society of Appraisers, or the ABV designation from the AICPA, or hold the CVA or AVA designation from the National Association of Certified Valuation Analysts.

Applicant must pass a comprehensive written examination on current business valuation theory and practice. Content and administration of the examination shall be as described in the application handbook, under heading "Written Examination." Arrangements may be made for the CBA examination to be supervised by a private proctor. Please contact IBA headquarters for qualifying details.

 The written examination requirement may be waived by holders of journeyman level designations in business valuation from compeer organizations recognized by the Institute of Business Appraisers, upon application to the IBA.

Applicant must submit two Demonstration Reports demonstrating a high degree of skill, knowledge and judgment as a Business Appraiser. The adequacy of demonstration reports shall be determined as set forth in the Applicant's handbook, under "Review of Demonstration Reports."

Candidates whose reports are found acceptable by the Qualifications Review Committee and who have met the other requirements will be granted the Certified Business Appraiser designation. Candidates who fail the written examination, whose reports are found unacceptable, or whose references (item 3) are unsatisfactory will be denied accreditation.

A certificate representing the designation of Certified Business Appraiser will be sent to each applicant who is successful in the process. This designation may be used on business stationery, in contacts with clients and potential clients, etc., for as long as the designee remains a member in good standing of The Institute.

All Applications For Accreditation Must Be Submitted On The Official Application Form!  Effective August 1, 2002, the application fee is $475 (Fee subject to change).

The Institute of Business Appraisers Reaccredidation and Continuing Education Requirements apply to all holders of the Master Certified Business Appraiser, Certified Business Appraiser, Business Valuator Accredited for Litigation and Accredited by IBA designations.

                            Click here for CBA Application

Master Certified Business Appraiser Accreditation

The Master Certified Business Appraiser is the highest professional designation awarded in the business valuation industry, and recognizes the extraordinary competence of a few highly skilled and experienced individuals whose work has been widely accepted by clients and acknowledged by their most senior professional colleagues. It is a designation not commonly available except to the best-of-the-best professional appraisers, and is intended to indicate to users of appraisal services that the holder has achieved a high distinction of competence in his/her profession.

Requirements for Accreditation as a Master Certified Business Appraiser

1. Education: Applicant must possess a 4-year college degree and a 2-year post-graduate degree or equivalent and provide proof of this to the IBA in the form specified by the Executive Director.

2. Appraisal Experience and Tenure: Applicant must have held the Certified Business Appraiser designation for not less than ten years, and must have fifteen-years full-time experience as a business appraiser. Applicants
   experience must include valuation of a variety of business types and appraisals for a variety of purposes. Proof in support of an applicants appraisal experience and tenure shall be provided in the form specified by
   the Executive Director.

3. Recognition by Other Professional Societies: Applicant must hold a journeyman level professional designation awarded by one or more compeer professional business appraisal societies. Acceptable professional designations include those issued by the American Society of Appraisers (Accredited Senior Appraiser - Business Valuation), the National Association of Certified Valuation Analysts (Certified Valuation Analyst), and the American Institute of Certified Public Accountants (Accredited in Business Valuation).

4. References: Applicant must provide satisfactory references from three individuals who have known the applicant for not less than five years, who hold the professional designation Master Certified Business Appraiser, and who, based on their extensive personal knowledge and comprehensive review of the applicant's work-product, will vouch for 1) the excellence of his analytical skills and appraisal work-product, 2) his/her professional and ethical character, and 3) his/her contribution to the betterment of the profession of business valuation.

5. Membership in IBA: Applicant must be a member-in-good-standing of the Institute of Business Appraisers.

Application for Accreditation

• Application Form: Application for Accreditation shall be made to The Institute of Business Appraisers by Petition for Award of Master Certified Business Appraiser Designation.  Such petition must fully set forth and document the manner in which the applicant believes that the requirements as to education, references, and appraisal experience and tenure have been met

• Review of Petitions for Award of Designation: Petitions for Award of Master Certified Business Appraiser Designation will be reviewed by the Executive Director or his/her designee(s), and either approved or disapproved at his/her sole discretion based on the information provided by the applicant.

• Payment of Fees: Petition for Accreditation shall be accompanied by payment of a fee of $500 (Fee subject to change).

The Institute of Business Appraisers Reaccredidation and Continuing Education Requirements apply to all holders of the Master Certified Business Appraiser, Certified Business Appraiser, Business Valuator Accredited for Litigation and Accredited by IBA designations.

             

                     Accredited by IBA (AIBA)

Education: Applicant must posses a 4-year college degree or equivalent and provide proof of this to the IBA in the form provided by the Institute.  Applicant must have successfully completed IBA Course 8001, the 8-day workshop in Valuing Closely Held Businesses, or hold a journeyman level designation in business valuation from compeer organizations recognized by The Institute of Business Appraisers, upon application to the IBA

References: Applicant must provide four satisfactory references, two references as to his personal character, and references as to his professional competence as a business appraiser.

Membership in IBA: Applicant must be a member-in-good-standing of the Institute of Business Appraisers.

Written Examination: Applicant must pass a comprehensive written examination on current business valuation theory and practice.

Demonstrative Reports: Applicant must submit one Demonstrative Report demonstrating his competence as a Business Appraiser.

The Institute of Business Appraisers Reaccredidation and Continuing Education Requirements apply to all holders of the Master Certified Business Appraiser, Certified Business Appraiser, Business Valuator Accredited for Litigation and Accredited by IBA designations.

                 Click here for AIBA  Application

 

"BVAL" Certification Offered To IBA 7001 Participants

"Business Valuator Accredited for Litigation" is the designation developed by IBA for those business appraisers who meet the criteria developed by IBA's designation development team, with substantial input from Qualifications Review Committee Chair Emeritus Steven F. Schroeder, JD, MCBA, ASA, FIBA and IBA Executive Director Michele G. Miles, Esquire. The designation is designed to recognize experienced business appraisers who demonstrate their ability to competently present expert testimony which supports their objective conclusion of value.

As with other IBA designations, the BVAL designation bears the IBA hallmark of critical peer review. The designation requires applicants to meet the following requirements:

• Attend 5 days of IBA course 7001, for 40 CPE hours;

• Complete pre-reading and all course assignments (16 CPE hours);

• Pass the 4 hour proctored written exam;

• Demonstrate presentation and process competency during the testimony clinics;

• Hold a business appraisal-related designation from IBA, ASA, AICPA or NACVA, or be a CBA candidate who has passed the CBA examination;

• Provide references of trial performance from at least two attorneys, - or - complete 16 hours of education in the types of cases in which the applicant anticipates serving as an expert witness.

This comprehensive list of requirements is designed to present a designation with force and credibility.

The Institute of Business Appraisers Reaccredidation and Continuing Education Requirements apply to all holders of the Master Certified Business Appraiser, Certified Business Appraiser, Business Valuator Accredited for Litigation and Accredited by IBA designations.

Continuing Education Requirements:

All holders of the designations above are required to document twenty-four (24) hours of continued professional development every two (2) years.  These hours may include:

1. Attending classes or conferences sponsored by any business appraisal organization or by attending IBA's national conference: Credit will be given on an hour-for-hour basis.

2. Technical volunteer activities including mentoring, the review of articles to be included in the IBA bibliographic database, and technical assistance to other IBA members: Credit will be given on an hour-for-hour basis.

3. Writing business appraisal articles for publication: A minimum of two (2) pages must be submitted for publication for which sixteen hours will be credited.

4. Lecturing on business appraisal issues: Ten (10) hours of credit will be given for each one (1) hour presentation.

              Click here for BVAL Application

 

               Accredited in Business Appraisal Review (ABAR)

The Institute of Business Appraisers will be accepting applications beginning December 1, 2005 from members seeking to earn the designation Accredited in Business Appraisal Review (ABAR).  In pioneering a designation for professionals whose work includes a focus on appraisal work product performed by others, IBA has once again stepped up to meet a need to identify those practitioners whose experience and demonstrated abilities deserve recognition.

As with all IBA professional designations, members holding the Accredited in Appraisal Review designation will need to survive peer review.  Considering the particular credentials of designation candidates, the following list of prerequisites has been developed:

Applicants must be IBA members in good standing, and provide two professional and two personal references.

Applicants must possess a 4-year university degree or equivalent.

Applicants must demonstrate 10,000 hours’ experience in appraisal review, or 90 hours of appraisal education.  Twenty-four (24) of these hours must have been earned through education sponsored by IBA.

Applicants must hold a business appraisal designation awarded by IBA, AICPA, ASA, CICBV or NACVA or must have achieved a passing grade on the CBA written examination.

Applicants must successfully complete IBA Course 1044 - Critiquing Business Valuation Reports, and achieve a passing grade on a comprehensive examination developed to test mastery of appraisal concepts and knowledge of report review rubrics.

Applicants must submit two appraisal reviews, which will be peer reviewed to determine if the reviews meet professional standards of competence.  A detailed Applicant’s Handbook will set forth the competencies which the applicant must demonstrate.

Re-accreditation will be required under the same requirements as all IBA designations.

The Accredited in Business Appraisal Review designation will provide valuable training for appraisers who review the work of other professionals; for individuals providing litigation support services; for financial professionals who must dissect the appraisal work submitted as part of due diligence; and for any professional whose work includes critiquing business appraisals.

             The examinations, applicants handbook and review process are the result of the work of IBA volunteers whose daily work includes detailed review of appraisal work product.  As with all IBA member services, volunteers are essential to everything we do, and the members involved in this project have our sincere gratitude.

             Click here for ABAR Application

 

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