The Accredited in Business Valuation (ABV) is a professional credential awarded by the American Institute of Certified Public Accountants (AICPA) to individuals who demonstrate expertise in business valuation. The ABV credential is designed for CPAs and other professionals who provide valuation services for businesses and intangible assets.

Key aspects of the Accredited in Business Valuation (ABV) credential include:

1. **Qualifications:**
– To qualify for the ABV credential, individuals must be licensed as a Certified Public Accountant (CPA) in good standing, meet the minimum business valuation experience requirements, and successfully complete the ABV Examination.

2. **ABV Examination:**
– The ABV Examination is a comprehensive exam that tests candidates on their knowledge and proficiency in various aspects of business valuation, including financial analysis, valuation approaches and methods, professional standards, and report writing.

3. **Experience Requirements:**
– Candidates for the ABV credential must have a minimum of 1,500 hours of business valuation experience within the five years preceding the date of the credential application.

4. **Ethics Requirement:**
– ABV credential holders are required to adhere to the AICPA’s Code of Professional Conduct and are subject to the AICPA’s disciplinary process.

5. **Continuing Professional Education (CPE):**
– ABV credential holders must engage in ongoing professional development through continuing professional education (CPE) to stay current with industry standards, regulations, and best practices.

6. **Scope of Business Valuation:**
– The ABV credential focuses specifically on the area of business valuation. Professionals with this credential are equipped to assess the value of businesses, ownership interests, and intangible assets for various purposes, including financial reporting, tax planning, mergers and acquisitions, and litigation support.

7. **Valuation Approaches and Methods:**
– ABV credential holders are knowledgeable about various valuation approaches, such as the income approach, market approach, and asset-based approach. They understand when and how to apply these methods based on the unique characteristics of the business being valued.

8. **Litigation Support:**
– Many ABV credential holders specialize in providing expert witness testimony and litigation support in legal proceedings where business valuation expertise is required.

The ABV credential is recognized as a mark of excellence in the field of business valuation, and individuals who hold this designation are often sought after for their expertise in assessing the value of businesses and other assets. It provides assurance to clients and employers that the professional has met rigorous standards and possesses the necessary skills and knowledge to perform high-quality business valuations.