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August 2018 » Is the ABV Credential for Sale?
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Martin J. Lieberman, CPA/ABV, CFF, ASA
Many CPAs may be unaware that the AICPA is now offering its Accredited Business Valuation (ABV) credential to non-CPAs. The decision was made by the AICPA Council behind closed doors on May 22, 2018 (http://bit.ly/2NV6T31), with no prior communication to ABV credential holders, the stakeholders most impacted by the change, nor to AICPA members or the public. The outcry from this reversal in policy has been ferocious: a survey of CPAs, both ABV and non-ABV holders, conducted by a group of several ABVs (four of whom are in the AICPA's Business Valuation Hall of Hall of Fame), showed a resounding disapproval of the action. Of the 1,800 responders, 94% answered “no” to the question: Are you in favor of changing the ABV criteria to admit non-CPAs?
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