Auditors of fair value for financial reporting are eligible for the AICPA Accredited in Business Valuation (ABV) credential as a result of a recent revision.
The AICPA Forensic & Valuation Services (FVS) Section recently changed the experience requirement section of the ABV credential application kit to make the credential available to those auditors.
To qualify, auditors must perform tasks consisting of:
- Recalculation of discount rates.
- Capitalization rates.
- Verification of models on calculations of value using professional judgment.