A “qualified source” is an individual who regularly receives compensation for business valuations and is accredited by one of the following recoginzed organizations:
Accredited Senior Appraiser (ASA) accredited through the American Society of Appraisers;
Certified Business Appraiser (CBA) accredited through the Institute of Business Appraisers;
Accredited in Business Valuation (ABV) accredited through the American Institute of Certified Public Accountants; and
Certified Valuation Analyst (CVA) accredited through the National Association of Certified Valuation Analysts.
Business Certified Appraiser (BCA) accredited through the International Society of Business Analysts.
Above except from: Small Business Administration SBA SOP 50-10 5(H)
Subpart B, Pages 171
Effective Date: May 1, 2015
The founder of Reliant Business Valuation, LLC is Neal Patel, CBA, CVA. The Certified Business Appraiser (CBA) designation is one of the most difficult professional appraisal designations to attain. Members who meet established criteria are awarded the prestigious professional designation of Certified Business Appraiser (CBA). This distinction denotes a level of competence attained only by the most accomplished business appraisers, and grants special recognition and prestige among fellow appraisers, the courts and the business appraisal community.
Accreditation as a CBA is available to those members of The Institute of Business Appraisers, Inc. who are able to demonstrate that they have attained a high level of professional competence and conduct. An applicant must posses a 4-year college degree, and 10,000 hours of active experience as a business appraiser (or approved educational coursework). The appraiser must complete a rigorous 6 hour proctored written exam covering the theory and practice of business appraisal. Additionally, the applicant must submit two Complete Demonstration Reports demonstrating a high degree of skill, knowledge and judgment as a Business Appraiser, which is reviewed by the IBA's Qualifications Review Committee (only 2 total attempts are permitted).
The CBA accreditation designates the appraiser as a true professional in his/her field, worthy of the admiration of fellow appraisers and deserving the fullest confidence of clients and potential clients. To read more about the specific educational and experience requirements for a CBA designation, please visit the Institute of Business Appraisers web site.