TORONTO--(BUSINESS WIRE)--IACVA announces that, effective immediately, NACVA has withdrawn from participation in the international network of professional valuators. IACVA and NACVA have had a collaborative arrangement since 2000. As the membership of IACVA has grown outside of the US, NACVA has not participated in the evolving requirements of valuators that operate in other international communities. Management of both organizations have attempted to negotiate agreement for future cooperation since late 2011. Those discussions were abruptly discontinued on August 2013 when NACVA announced its intention to separate itself from the IACVA network.
NACVA (National Association of Certified Valuators & Consultants) is the largest valuation society in the United States. Management’s actions at NACVA indicate that its membership no longer believes it is important to be involved with international valuation standards and the international network for collaboration that is available with other experts.
IACVA is a not-for-profit organization headquartered in Toronto and administers a society of valuation professionals (approximately 6,000 individual members). IACVA is a member of the International Valuation Standards Council and is recognized in more than 50 countries. IACVA enjoys collaborative relationships with international accounting standards organizations, government regulators, accountants and academicians in many of those countries.
NACVA is a for-profit organization based in Salt Lake City, established in 1991 with approximately 7,500 members. NACVA will continue to emphasize the needs of the valuation professional operating in the US. Many NACVA members emphasize valuations for litigation engagements.
IACVA will rebrand its valuation credential to be the “ICVS” – International Certified Valuation Specialist in order to recognize the additional training and testing that members have completed.