It's time to compare apples to apples
How do the four major business appraisal designations compare to each other?
First (Most difficult)
Second
Third
Fourth (Least Difficult)
ASA
CBA
ABV
CVA
Inc. Magazine, in July 2003, featured an article written by Randall Lane entitled: "What's Your Company Worth Now?" In Lane's article, he talks about the four most common business valuation designations and the two senior certifications, the ASA and the CBA. He goes on to say:
"There are two senior certifications for which you should look when hiring an appraiser, although not every qualified firm will have them. The ASA (American Society of Appriasers) give out an ASA (Accredited Senior Appraiser), which requires courses, exams, 10,000 hours of experience, and peer review of reports. The IBA (Institute of Business Appraisers) certifies its CBA (Certified Business Appraiser) in much the same way."
Business Appraisal Practice, in its Spring 2002 issue, featured an article by Paul R. Hyde, EA CBA BVAL, ASA entitled: "Explaining the Alphabet Soup: Business Appraisal Designations - What they mean and How Difficult They Are To Obtain." On page 36, Mr. Hyde ranks the four business Appraisal designations in terms of difficulty in obtaining each one along with reasons for his ranking.
The first two require peer review of their appraisal reports as part of the certificaton process. National and state numbers of the various certificate holders are shown below:*
Nationally
Oklahoma
Ward & Fowler
ASA
CBA
ABV
CVA
952
5
1
421
3
2
1723
20
0
4000
49
0
What the competition doesn't want you to know.
*numbers are as of 5/31/05