Business Valuator Accredited for Litigation
Business Valuator Accredited for Litigation (BVAL) is the designation developed by The Institute of Business Appraisers (IBA) for those business appraisers who meet the criteria developed by IBA designation development team, with substantial input from Qualifications Review Committee Chair Emeritus Steven F. Schroeder, JD, MCBA, ASA, FIBA and IBA Executive Director Michele G. Miles, Esquire. The designation is designed to recognize experienced business appraisers who demonstrate their ability to competently present expert testimony which supports their objective conclusion of value.
As with other IBA designations, the BVAL designation bears the IBA hallmark of critical peer review. The designation requires applicants to meet the following requirements:
- Attend 5 days of IBA course 7001, for 40 CPE hours;
- Complete pre-reading and all course assignments (16 CPE hours);
- Pass the 4 hour proctored written exam;
- Demonstrate presentation and process competency during the testimony clinics;
- Hold a business appraisal-related designation from IBA, ASA, AICPA or NACVA, or be a CBA candidate who has passed the CBA examination;
- Provide references of trial performance from at least two attorneys, - or - complete 16 hours of education in the types of cases in which the applicant anticipates serving as an expert witness.
This comprehensive list of requirements is designed to present a designation with force and credibility. The Institute of Business Appraisers Re-accreditation and Continuing Education Requirements apply to all holders of the Master Certified Business Appraiser, Certified Business Appraiser, Business Valuator Accredited for Litigation and Accredited by IBA designations.
Additionally, all holders of the designations above are required to document twenty-four (24) hours of continued professional development every two (2) years.