Accredited Member (AM) and Accredited Senior Appraiser (ASA) in BV

Quick Guide

Illustrative overview of the BV accreditation process - download this for reference.

Prerequisites*

Before applying for a designation in BV, candidates need to meet the following prerequisites:

  1. You are an approved ASA Candidate and your USPAP continuing education requirements are up-to date;
  2. You have met the discipline’s education requirements;
  3. You have a four-year college degree or its equivalent; and
  4. You have two (2) years of full-time appraisal experience for the Accredited Member (AM) designation or five (5) years of full-time appraisal experience for Accredited Senior Appraiser (ASA) designation.  2,000 hours = one (1) year of work experience.

Applying for the AM Designation*

To apply for the AM designation, Candidates need to:

  1. Complete the online accreditation application;
  2. Provide proof of education (copy of degree/transcript or use the College Degree Equivalency Form);
  3. Submit an appraisal experience log or proof of appraisal experience; and
  4. Pass all four Principles of Valuation (POV) courses in Business Valuation (BV201-BV204), pass the BV 8-hour Challenge Exam, or have an accepted equivalency.

Applying for the ASA Designation*

To apply for the ASA designation, Candidates need to:

  1. Complete the online accreditation application;
  2. Provide proof of education (copy of degree/transcript or use the College Degree Equivalency Form);
  3. Submit an appraisal experience log or proof of appraisal experience;
  4. Pass all four Principles of Valuation (POV) courses in Business Valuation (BV201-BV204), pass the BV 8-hour Challenge Exam, or have an accepted equivalency;
  5. Submit one (1) Comprehensive (i.e., complete narrative) Written Business Valuation Report that has been issued in the last two years; and
  6. Submit a completed ASA Candidate BV Report Review Checklist.

*Detailed information on prerequisites, the application process, and application requirements are outlined in the BV Guide to Professional Accreditation.