The AICPA governing Council will continue to expand the eligibility of the Accredited in Business Valuation credential to non-CPAs, following a vote on Sunday.

Five Council members had brought forth a motion to suspend an earlier vote and further study the credential changes, which expands eligibility to other qualified professionals who are not CPAs, but that motion was not supported by the overall council.

Sunday’s vote followed a panel discussion on market demand for valuation services and the ABV credential. Participants voiced points of view in favor of and opposed to expanded eligibility.

AICPA Chair Eric Hansen told Council members prior to the panel that opening the ABV to other qualified professionals was intended to enhance quality, consistency and transparency in business valuation services.

SCACPA is in attendance at the AICPA governing Council meeting and Conference at the Ritz-Carlton in Amelia Island, Florida. Follow all the events and speakers on Twitter using the hashtag #AICPAGC18.

For questions about the use of the ABV credential and the practice of public accountancy in the United States, please contact

AICPA Council in May voted to approve a proposal from the National Accreditation Commission (NAC), which had been approved by the AICPA board, to expand eligibility for the ABV credential beyond CPAs to other qualified professionals meeting rigorous requirements. Under the measure, the exam requirements for other qualified professionals are the same as those for CPAs.

Additional requirements for other qualified professionals were recently updated to include:

  • training on and adherence to the AICPA Code of Professional Conduct
  • a minimum 4,500 hours of valuation experience
  • 75 hours of valuation-related continuing professional development within the five-year period before the date of the credential application
  • complying with ABV recertification steps, such as CPD and ongoing experience

Discussion on the change began in 2015 and ultimately involved the AICPA governing Council, the AICPA board of directors, NAC, the ABV Credential Committee, the Forensic and Valuation Services Executive Committee, and the Business Valuations Committee.

Opponents said that all ABV credential holders and AICPA members should have been consulted prior to the change. Among their concerns was the potential for confusion in the marketplace caused by having CPAs and non-CPAs hold the credential.