Intangible Asset (IA) Specialty Program
ASA’s Intangible Asset (IA) education is leading the valuation profession forward. From the initial offerings of BV 301, Valuation of Intangible Assets in November 2007 to the present, much has been accomplished. Currently, ASA offers two (2) comprehensive courses in intangibles valuation and awards the only Business Valuation Intangible Asset Appraisal Specialty requiring evidence of competence in the valuation of intangible assets.
The Need for an Intangible Asset (IA) Appraisal Specialty
Intangible assets are increasingly important to business success and value globally. Increases in price to book value multiples of public companies reflects the greater role intangibles now play in value creation. An understanding of intangible assets and their impact is required for many finance and valuation professionals.
In addition to the increasing importance of intangibles, requirements to demonstrate technical expertise are also on the rise. Valuation experts can fail Daubert challenges if they do not demonstrate the competence required to serve as a valuation expert. In addition, the SEC has noted the importance of professional credentials and expertise for those performing valuations, and IRS requirements for a qualified appraiser include specific education and experience levels.
As a result of this increased need for intangible asset valuations and the demand for highly skilled professionals, ASA now offers a Business Valuation Intangible Asset Appraisal Specialty for those that appraise intangible assets.
Relevance of an Intangibles Education
Financial reporting valuations are one of the most frequently cited drivers of intangible asset valuations. Many appraisers may value intangibles for tax valuations for transfer pricing (IRC 482) or other tax reporting purposes and others focus on litigation assignments. For these appraisers, intangible asset valuation expertise and/or the knowledge of elements of intangible asset valuation theory can be key elements in developing and presenting a value opinion.
Benefits of an Intangibles Education
ASA's Intangible Asset valuation courses can help improve the quality of your practice. They allow you to differentiate your skills and competencies from those of other appraisers. Holders of the Business Valuation Intangible Asset Appraisal Specialty can benefit from these current insights to improve practice economics by:
- Increasing referral activity and proposal success rates through knowledge of current developments in the profession;
- Increasing project efficiency through greater awareness of and application of current developments and potential best practices; and
- Reducing the risk of unexpected review time in the event of questions from a third party reviewer.