Recertification
NACVA’s recertification program follows a 60-point/60 CPE-hour system, whereby designees must obtain 60 points to comply with recertification. One hour of Continuing Professional Education (CPE) equals one point. The point system allows for additional (Bonus) points for attendance to training (recommended programs) that NACVA considers especially helpful for practitioners to stay well-rounded in the performance of their services, increase their awareness of recent industry developments, and be alert to issues that lead to, or contribute to, the quality of one’s work product. It also awards points for contributions to industry knowledge upon meeting certain criteria. By obtaining additional points, one can reduce the 60-hour CPE requirement to as low as 36 hours in a three-year cycle.
Based on the frequency of changes and developments in the industry, NACVA's Valuation Credentialing and Litigation Forensics Boards determined that recertification requirements must be completed every three years. All credential holders must comply with tri-annual recertification policies by December 31 of their reporting cycle. This period starts with the first full calendar year after receiving the designation and in three-year cycles thereafter. For example, if the designee certified in July 2021, the recertification cycle begins January 1, 2022, with compliance due by December 31, 2024. CPE must be earned in the years 2022, 2023, and/or 2024. Using the example above, the next compliance due date would be December 31, 2027, where CPE must be earned in the years 2025, 2026, and/or 2027. Fees will be assessed to designees to cover costs for administering and processing the recertification program.
Recertify your credential(s) in one of three ways:
Option 1: No Recertification Fee Assessed: Earn 24 or more bonus points tri-annually from any combination of the Recertification Bonus Point Programs. If points earned exceed 24, additional points are not awarded. You will not owe a Recertification fee ($400‡). Completing and submitting the Recertification Reporting Form is required.
Option 2: $200 Recertification Fee: Earn between 12 and 23 bonus points tri-annually from any combination of the Recertification Bonus Point Programs. Earning 12 to 23 bonus points will waive $200 off your recertification fee; Remit the balance $200 recertification fee‡ by contacting Member/Client Services at (800) 677-2009. Completing and submitting the Recertification Reporting Form is required.
Option 3: Report 60-point and/or 60 CPE-hour requirement in this section (optional); Remit the balance $400 recertification fee‡ by contacting Member/Client Services at (800) 677-2009. Completing and submitting the Recertification Reporting Form is required.
‡ For CVA (Non-Practicing), CVA (Emeritus), MAFF (Emeritus), ABAR (Emeritus), CBA (Emeritus), and MCBA (Emeritus) credential holders only 36 hours of CPE are required.- Those of Emeritus or Non-Practicing status who take the recommended Current Update in Valuations (CUV) course do not need additional CPE beyond the CUV course and will receive $400 credit to offset the recertification fee.
- Those of Non-Practicing status who take a minimum of 12 hours of Around the Valuation World webcasts do not need any additional CPE beyond those hours and will receive $400 credit to offset the recertification fee.
TRI-ANNUAL RECERTIFICATION
Reporting Cycles
All credential holders must comply with tri-annual recertification policies by December 31 of their reporting cycle. This period starts with the first full calendar year after receiving the designation and in three-year cycles thereafter. For example, if the designee certified in July 2021, the recertification cycle begins January 1, 2022, with compliance due by December 31, 2024. CPE must be earned in the years 2022, 2023, and/or 2024. Using the example above, the next compliance due date would be December 31, 2027, where CPE must be earned in the years 2025, 2026, and/or 2027. Fees will be assessed to designees to cover costs for administering and processing the recertification program. Credential holders who do not comply will be placed on Inactive status. CVA credential holders can also choose Inactive status or Non-Practicing CVA status. Tri-annual recertification compliance has been streamlined, making the process easy to complete relative to your specific area(s) of practice, while also making it flexible for you to meet the 60-point/60 CPE-hour (1 point=1 hour of CPE) requirement by December 31. Tri-annual recertification compliance also requires a recertification fee, which can be waived by taking Recommended CPE Bonus Point Programs.
Applicable CPE
CPE earned from programs in your reporting cycle should relate to business valuation, financial litigation/financial forensics, forensic accounting, financial statement analysis, gift and estate planning, professional standards, exit planning, accounting, economics, tax, audit, M&A, fraud, transaction advisory services, healthcare valuation, and ethics all qualify towards recertification. Note: NACVA offers numerous free one-hour virtual courses per year. For purposes of recertification, CVA and MAFF designees are limited to five (5) CPE hours of free CPE earned from NACVA in a three-year recertification cycle. Note: Free CPE hours over five (5) may be used for other Non-NACVA CPE reporting purposes.
Recommended CPE Bonus Point Programs
NACVA’s governing boards and training faculty have identified NACVA/CTI courses—Recommended CPE Bonus Point Programs—that reinforce core business valuation and financial forensics theory, methodologies, and practice. These programs will keep you well-rounded in the performance of business valuation and financial forensics litigation services, increase your awareness of industry developments, and provide practitioner-centric training keeping you alerted to issues that lead to, or contribute to, the quality of your work product. These programs are conveniently offered through live classroom, live online, and online/on-demand throughout the year. Bonus points for these courses will waive all or part of your tri-annual recertification fee and are only awarded once in a tri-annual recertification compliance cycle.
CPE Attestation/Reporting CPE Option
NACVA credential holders only need to attest to having completed 60 hours of “Applicable” CPE credits to comply with tri-annual recertification and pay a $400* recertification fee. Reporting courses taken and CPE hours earned is optional, though we recommend you track this information, if not on the Recertification Reporting Form, in your personal records. Completion and submission of the Recertification Reporting Form serves as your attestation to CPE earned, or if not reported, it can be substantiated if you are asked to do so.
CPE from sources outside of NACVA/CTI are accepted towards the 60-point/60 CPE-hour system. Attest or report CPE from sources outside of NACVA/CTI tri-annually using the Recertification Reporting Form. Do not attest or report CPE from sources outside of NACVA/CTI intermittently throughout your reporting cycle. Submit CPE from sources outside of NACVA/CTI only when completing the Recertification Reporting Form, once tri-annually. Total hours attested or reported are added as a line item(s) denoted as “Non-NACVA CPE” in your account on NACVA.com. The individual course(s) attested or reported will not be itemized on the My Credentials and CPE Certificates page in your account on NACVA.com. We recommend you track this information in your personal records. Applicable tri-annual recertification fees may apply. If CPE from outside sources is not reported upon submission of the Recertification Reporting Form, you may be asked to substantiate the attested CPE hours.
*To receive the fee waiver given for attending a NACVA Recommended Course, you must complete the Recertification Reporting Form and list all applicable CPE for the reporting period.