Newman & Company, CPAs is pleased to announce that Steven H. Newman, a Certified Public Accountant (CPA) offering Business Valuation (Appraisal) Services, is also a Certified Valuation Analyst (CVA) and a member of the National Association of Certified Valuation Analysts (NACVA), which has approximately 4,000 members nationwide.
The CVA is the premier accreditation for CPAs who, for many reasons, are uniquely qualified to provide Business Valuation Services. As a general rule, CPAs, through their extensive training combined with experience in tax, auditing, accounting for small businesses, and financial analysis, have the necessary background for dealing with the complexities involved in providing Business Valuation Services. No other profession provides the breadth of experience and development that the Public Accounting Profession produces, and thus, a CVA is, and should be, the preferred choice for a business valuator.
Business Valuations are a necessary or desirable service in many situations of need or adversity and include the following types of engagements:
Adequacy of Life Insurance
Bankruptcy and Foreclosures
Employee Stock Ownership Plans (ESOP)
Estate and Gift Taxes
Franchise Valuation or Evaluation
Incentive Stock Option Programs
Initial Public Offerings
Liquidation or Reorganization
Mergers or Acquisitions
Sale of a Business
Split-ups and Spin-offs
The accreditation is a statement to the business, professional and legal community that an individual has attained a level of knowledge in Business Valuations that NACVA considers exemplary and worthy of recognition by awarding the designation of CVA. To become certified by NACVA, the candidate is required to successfully complete a rigorous training and testing process. A preemptive requirement to becoming a CVA is that the applicant be a Certified Public Accountant (CPA) registered in their state and a member of the local CPA Society or the American Institute of Certified Public Accountants (AICPA). Implicit in this requirement is that the CVA maintain at least a minimum number of hours of continuing Professional Education (CPE) each year (in most states this is 40 hours) and conduct themselves with the ethical mandate established by the profession. NACVA also requires that CVAs obtain at least 24 hours, in each two (2) year period, of CPE in areas related to Business Valuation and/or Litigation Support.
For more information about our firm's Business Valuation Services, contact Steven H. Newman at (216) 781-6106 for a no cost consultation.