|[December 30, 2013]
NACVA Withdraws from International Professional Network
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IACVA announces that, effective immediately, NACVA has withdrawn from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 Certifed 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.
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