On 12/7/2023, the American Society of Appraisers (ASA) held its 2023 ASA Fair Value Virtual Conference – Winter.
Below are a few key takeaways from the conference:
Valuation Credentials: The AICPA, ASA, and RICS will be sunsetting the Certified in Entity and Intangible Valuations (CEIV) credential. Ultimately the decision was that this credential was too costly and that the adoption rate was too low to be meaningful. In turn, the Mandatory Performance Framework (MPF) that CEIV holders were subject to will no longer be mandatory, but rather will be revised as a ”best practices” document. The goal of revising the MPF is to streamline, shorten, and simplify the document.
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