The Certified in Entity and Intangible Valuations (CEIV) credential is for professionals who perform fair value measurements for businesses and intangible assets.
By obtaining the credential, professionals demonstrate their aptitude and commitment to enhancing audit quality in fair value measurements. Credential holders have met strict assessment criteria and commit to an ongoing review process, setting them apart in their field of practice while providing greater assurance to clients, regulators, and the public. Estimating fair value measurements often involves the use of sophisticated financial models, various valuation approaches, analytical assumptions and professional judgement.
RICS is a global professional body committed to developing and embedding the highest professional qualification and standards. By obtaining the CEIV designation through RICS, credential holders will gain added benefits:
Before taking the CEIV exam, credential applicants are required to complete fair value measurement training.
Developed in consultation with prominent subject matter experts, our training program reviews the fair value measurements Body of Knowledge and Mandatory Performance Framework, effectively preparing individuals for the two-part CEIV examination.
This course reviews the entire Body of Knowledge including the accounting standards related to fair value accounting and the regulatory environment; three common approaches to measuring fair value and the various methods under each; and the auditing process that relates to the use of a valuation report.
This course provides guidance from the new Mandatory Performance Framework - the framework that defines "how much" work is necessary to provide supportable and auditable fair value measurements. During the course you will walk through the new documentation and performance requirements included in the framework, including the application guidance.
Certified in Entity and Intangible Valuations (CEIV) credential holders are required to comply with the mandatory performance framework, ensuring confidence in the consistency and transparency in their work.
The Mandatory Performance Framework is a practical framework that defines the level of documentation and performance that is necessary to provide supportable and auditable fair value measurements. By design, the Framework and the Application sections of the Framework do not provide illustrative examples that might otherwise be interpreted as requirements for “how to” perform a valuation. Instead, the purpose of the Framework is to provide valuation professionals with guidance on “how much” documentation is required when performing fair value measurements of businesses, business interests, intangible assets, certain liabilities, and inventory for financial reporting purposes.
Robust, independently-led quality assurance for the CEIV credential provides confidence to firms, clients, and to regulators that accredited professionals perform high quality valuations.
Our risk-based approach focuses on compliance related to fair value measurements and the Mandatory Performance Framework. This approach is integrated into a broader framework of self-regulation that is globally recognized for its ability to provide greater confidence to the market.
As part of the quality assurance offering, a team of over 120 RICS quality assurance staff globally ensures:
Our fair and thorough quality assurance program strengthens confidence in the quality of services provided to clients, and further enhances the value of the CEIV credential.