Emeritus Status for Retiring Credential Designees
Individuals, 62 years and older, who are retired and issuing six or fewer valuations, calculation or financial forensic reports per year, can continue to display their credential in business communications, including, but not limited to: letterhead, headers/footers of the report, business cards, and/or his/her curriculum vitae, and valuation reports, as long as they include “Emeritus” after their designation, for example, CVA (Emeritus), MAFF (Emeritus), ABAR (Emeritus), CBA (Emeritus) or MCBA (Emeritus). Those who elect Emeritus status may maintain NACVA membership as a Professional or Affiliate member. Non-member CVAs cannot elect Emeritus status; this status is only available to members.
All Emeritus credential designees are required to comply with one component of recertification for which there are associated fees—taking, once every three years, the U.S. or international versions of either:
- NACVA’s Current Update in Valuations (CUV) course and obtaining eight-hours CPE (via in-person, virtual, or self-study)*,
- OR attending NACVA’s Around the Valuation World (AVW) monthly webcast and obtaining 12 hours CPE*,
- OR alternatively, attesting to 36 hours of Applicable CPE.
- OR, if one is an active and licensed CPA in their state and have remained so since electing Emeritus status, they merely need to attest to such because CPAs nationwide are required to obtain 40-hours of CPE each year which qualifies as Applicable CPE under NACVA’s recertification requirements.
*Attending either CUV or AVW to fulfill the tri-annual recertification requirement, brings with it a 100% offset of the $200 recertification fee.
Complete the Recertification Attestation Form Now!
Emeritus designees are eligible to receive a 40% discount off the non-member full conference registration fee to attend any Business Valuation and Financial Litigation Super Conference. Discount includes any existing early registration discounts, if available. Discount does not apply to courses which require additional fees or spouse/guest activities. Contact Member/Client Services to register using this discount.
An Emeritus designee may not market his/her services, but may accept unsolicited valuation or financial litigation projects, and must adhere to special requirements that may be subsequently promulgated by NACVA’s VCB or LFB, as applicable. In all cases, the Emeritus designee must follow NACVA’s Professional Standards in performing such work. Exceptions to the 62 years of age or older requirement will be considered if, upon written request to the applicable Board, the designee can show valid reasons why early retirement was taken or required, such as health considerations or forced retirement where re-employment may not be feasible or practical.
Emeritus designees who wish to reinstate their designation to full non-Emeritus status, must reactivate their credentialed status following the same procedures as required for designees who have been on Inactive status.
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