The Center for International Business Valuation (CfIBV)
MISSION: To facilitate the creation, dissemination, use, and preservation of business valuation knowledge, tools, and techniques.
VISION: To serve as an authoritative source for business valuation professionals around the world.
APPROACH: To provide standards, professional development training/certification, and consultancy services to valuation professionals founded by ethical standards, social responsibilities, and industry best practices.
The CfIBV, founded in 2019, has commenced the launch of a 3-phase strategic plan.
Phase 1 is to provide relevant, advanced continuing education opportunities to professionals working in the field of business valuation. Presently, the Center has three on-demand distance education courses available: Certified International Financial Reporting Standards (IFRS) Analyst, International Certified Valuation Specialist (ICVS), and Certified Management Accountant (CMA). A fourth course is being introduced to prepare already credentialed business valuators with advanced knowledge of valuing financial instruments in preparation for the ICVS with Advanced Studies in Financial Instruments (ICVS-A) exam.
Phase 2 is to provide business valuation professionals with new tools to further the quality and reliability of their work. The creation of a due diligence platform for business valuators is nearing the beta testing stage and is also scheduled to be released at the end of 2020. The initial version will quantifiably evaluate the quality of valuation reports. Additional capabilities, such as the valuation of financial instruments, will be added in later versions.
Phase 3 is to create a global think tank dedicated to both the science and the art of business valuation. Cognizant of the fact that business valuation differs in various economies and geographical regions, and that it is dependent on factors such as the size and purpose of the business, mobilizing the efforts of professionals in the discipline to research and validate the use of emerging valuation tools and techniques in a myriad of contexts is important. This requires a multi-faceted approach by research groups from a cross-section of countries. In phase 3, the Center will spearhead research efforts and also provide the means for remote collaboration.
ICVS with Advanced Studies in Financial Instruments (ICVS-A)
The International Association of Certified Valuation Specialists, in conjunction with the Center for International Business Valuation, has added an advanced level to the ICVS credential; valuators can now earn the ICVS with Advanced Studies in Financial Instruments (ICVS-A). The body of knowledge for the ICVS-A was developed by Dr. Joel M. DiCicco, CPA, BCA, ICVS, a full-time member of the Executive Business and Department of Accounting faculty at Florida Atlantic University’s College of Business and a former Territory Manager for the Financial Products Division of the IRS. This advanced credential in the fair value of financial instruments can be earned along with the initial ICVS or can be added to enhance a current ICVS credential. The ICVS-A designation requires an understanding of valuation techniques for various financial instruments, ranging from basic securities to complex derivative constructs.
The Center offers many additional services in addition to its training programs. Some of the services provided:
- Valuation Engagements
- Valuation Reviews and Due Diligence Analysis
- Forensic Engagements
- Financial Management Advisement
