It's time to compare apples to apples
How do the four major business appraisal designations compare to each other?
First (Most difficult)
Fourth (Least Difficult)
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
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:*
Ward & Fowler
you to know.
*numbers are as of 5/31/05