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Simply holding the designation is not enough for CVAs, where compliances, regulations, and industry demand change dynamically. Obtaining new skills through continuing education is an essential part of their career journey.
If you are a CVA or aiming to get certified, be sure to bookmark the blog to learn everything you must know about CVA CPE requirements.
Certified Valuation Analyst is an established standard for professionals to occupy the designation and demonstrate their expertise in valuation. And continuing education is the opportunity to remain competitive, informed, and relevant.
CPE is not just a formality but a mandatory requirement by NACVA for renewing and actively maintaining their licenses.
CVA follows the calendar year for its CPE license renewal cycle triennially. In other words, CVAs need to recertify their credibility every three years on 31 December. If you were certified as a CVA in July 2023, your recertification cycle will start on January 1, 2024.
As outlined by NACVA, CVA professionals need to complete 60 points or 60 CPE hours of CPE credit every three years to comply with their certification. It’s important to note that these requirements do not include mandatory ethics courses, and they are also not allowed to carry forward their credit points.
They are also required to complete 24 hours of Recommended CPE Bonus Point Programs or submit their CPE form with a $400 fee.
Well, there are a combination of options available to complete the recertification requirement hereunder.
Choose any of the options, but 60 hours of CPE credit is stagnant
For CVA (Non-Practicing), CVA (Emeritus), and retired CVA, only 36 hours of CPE are required. But if you have taken the recommended Current Update in Valuations (CUV) course, a minimum of 12 hours of Valuation World webcasts, you will not require additional CPE beyond this. Also, $400 of the recertification fee will be waived.
For a better understanding of your CVA requirements, you must be familiar with a few terminologies of NACVA.
An NACVA credential holder like CVA must complete 60 hours of applicable Continuing Professional Education credit every three years for recertification, along with a $400 recertification fee. However, the fee of $400 can be waived by attending Recommended CPE Bonus Point Programs.
This is a recommended program by NACVA for CVAs, focusing on core business valuation and financial litigation theory, methodologies, and practice. The two programs contain 12 bonus points each (24 points maximum). Adding the credit points with 60 CPE credits, each program waives $200, and attending the two programs will waive all $400 recertification fees.
Option 1: Take 2 Recommended CPE Bonus Point Programs of 24 points and 60 points of Non-NACVA CPE hours and complete submission without any recertification fee of $400.
Option 2: Take 1 Recommended CPE Bonus Point Program of 12 points worth $200. Complete 60 points of Non-NACVA CPE hours and submit with a $200 recertification fee.
Option 3: Complete 60 points of Non-NACVA CPE hours and submit with a $400 recertification fee.
Follow the recertification guidelines and demonstrate a high level of professionalism to maintain your CVA designation active. Comply with the recertification policy by 31st December of your renewal cycle.
If you are a busy CVA professional, curated Package Courses are the ultimate solution for you. These courses cover all the CPE credit requirements by NACVA, including credit hours and subject areas.
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Know your CPE requirements and Choose an approved CPE provider.
Choose the right mode of learning that fits your schedule to upskill.
Choose the Recertification Reporting Options
Track, record, and monitor your completed and pending credits quarterly.
Compile and safeguard your certificates or learning evidence safely.
Fill out the Recertification Reporting Form once completing all CPE credits, and submit it with the fee.
Set your milestone by thoroughly monitoring your credit requirements, completed and pending credits. You can also track and record your credits manually by recording every small detail of the course in an Excel sheet.
However, it’s better to choose an approved CPE course provider that offers live credit trackers. This way, instead of dealing with manual tracking and course concerns, you can focus on learning and development.
Maintaining your CPE as a CVA is not as easy as it seems. You have to be cautious and consistent in your learning and upskilling process. CVAs must ensure that their learning is completely aligned with their professional needs in approved subject areas.
A curated package course will be a suitable source for you to complete, then complete your Recommended CPE Bonus Point Programs, and you are ready to go.
CVA professional is not required to complete any mandatory ethics, but it is part of their qualified subject area, and NACVA-approved ethics courses are simultaneously eligible for CPE credit.
CVA professionals are not allowed to carry forward their excess CPE credit to the next reporting cycle.
Yes! You can use those 60 CPE points earned outside NACVA/CTI for CVA CPE credit, which can be reported tri-annually using the Recertification Reporting Form.
The Authors, Allen Smith is a Practicing Certified public accountant and senior vice president at MYCPE ONE – Continuing Education Platform for Professionals. He understands the current needs of the education domain and strategies for the presenters to adapt the new changes.
