Business Valuator Accredited for Litigation (BVAL)
"Business Valuator Accredited for Litigation" (BVAL) is the designation developed by IBA for those business appraisers who meet the criteria developed by IBA's designation development team.
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:
1. Attend 5 days of IBA’s course 7100 Business Valuator Accredited for Litigation Workshop, for 40 CPE hours
2. Complete pre-reading and all course assignments
3. Pass the 4 hour proctored written exam
4. Demonstrate presentation and process competency during the testimony clinics
5. Hold a business appraisal-related designation from IBA, ASA, AICPA, NACVA or the CFA Institute, or be a CBA candidate who has passed the CBA examination
6. 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
7. All applications for accreditation must be submitted on the official application form. The application fee is $595 (fee subject to change).
This comprehensive list of requirements is designed to present a designation with force and credibility.
The Institute of Business Appraisers Re-accreditation 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 the Business Appraisal Practice 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.
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