Specialist Advisory Qualifications
Did you know that ICAS has a mutual recognition agreement (MRA) with the American Institute of Certified Public Accountants?
Alongside this agreement we are also able to offer ICAS members the opportunity to undertake three select specialist advisory qualifications through the AICPA, which will help you in establishing yourself as an expert in the advisory areas of Business Valuation; Fair Value Measurements or Information Management and Technology Assurance.
Be one of the first CAs to gain an AICPA credential in your advisory area and take your career to the next level.
Expand the sections below to find out more information about each advisory credential:
Accredited in Business Valuation (ABV) credential
The importance of business valuation is growing, whether it relates to mergers and acquisitions, financial reporting, insolvency, taxation or the assessment of going concern assumptions for audit reporting. Although value is essentially an opinion, a valuation does need to be underpinned by reasonable assumptions and secure methodologies. More professional accountants are expected to hold expert knowledge in business valuations and the Accredited in Business Valuation Credential (ABV®) is offered exclusively to CAs and qualified valuation professionals, who demonstrate considerable expertise in valuation through their knowledge, skill, experience and adherence to professional standards.
The ABV Credential gives valuation professionals an edge and sets them apart from others by arming them with the tools and resources needed to provide the best service to their clients. The credential is for CAs or financial professionals who want to enter an in-demand area and position themselves as an expert business valuation service provider, who has the ability to not only reach a conclusion of value but can also create value for their clients through the strategic application of their analysis.
Why Become an ABV Credential Holder?
If you provide valuation services, you should consider obtaining the ABV Credential because it:
- Positions credential holders as premier valuation service providers
- Enhances practitioners’ images as competent, trustworthy valuation experts
- Promotes a greater level of confidence for current and potential clients
- Demonstrates commitment to continuously improving valuation skills and expertise, resulting in increased professional competency
- Offers greater revenue opportunities
- Expands opportunities for referrals from other practitioners, strategic partners and clients
- Opens up an AICPA community of valuation professionals with similar interests and practices
- Distinguishes your practice
- In addition, you’ll enjoy valuable resources and information as well as the many benefits of AICPA International Associate membership.
The ABV credential, backed by the strength of the AICPA, shows the world that CAs are uniquely qualified to handle financial valuations. Are you ready to distinguish yourself? Become an ABV credential holder and position yourself as a premier valuation service provider. The rewards of doing so will benefit both you and your clients.
Certified in Entity and Intangible Valuation (CEIV) credential
Based on marketplace demands and regulatory concerns, the AICPA recognised a vital need for increased competence and improved quality, consistency and transparency in the performance of fair value measurements for financial reporting. The AICPA co-developed the Certified in Entity and Intangible Valuation™ (CEIV) credential to address fair value measurements for entity and intangible asset valuations for financial reporting.
The CEIV credential is a qualification for CAs and Finance Professionals who perform fair value measurements for entities and intangible assets for financial reporting purposes. This includes performing purchase price allocations for business combinations, testing goodwill and other long-lived assets for impairment, estimating the fair value of intangible assets such as customer relationships, patents and more.
The CEIV credential will position you as an expert in your field and is a powerful way of telling peers, clients and the world that you’re a consistent, reliable, transparent and trusted partner and practitioner in entity and intangible asset valuations. By obtaining the CEIV credential, you will demonstrate your commitment to enhancing audit quality and consistency and transparency in fair value measurements. In addition, you’ll enjoy valuable resources and information as well as the many benefits of AICPA International Associate membership.
Obtain the AICPA’s Certified in Entity and Intangible Valuation™ credential and cement your reputation for quality in fair value measurements.
Certified Information Technology Professional (CITP) credential
Today, many corporate executives and operational managers expect immediate, on-demand financial information, advice and services. As a result, accounting operations and information management systems are becoming increasingly interdependent. As technology evolves and advances, ensuring the integrity and transparency of financial data and business reporting information becomes a more complex process and is more critical than ever.
The CITP Body of Knowledge represents the fundamental concepts of information management and technology assurance. The qualifying areas of knowledge for CITP credential holders consist of:
- Information Management
- Information Governance
- Accounting Operations Technology Services
- Information Technology Risk and Advisory Services
- Engagement Compliance
- IT Controls and Assessment
The Certified Information Technology Professional (CITP) credential is granted exclusively to professional accountants (as deemed by a governing body) who specialise and demonstrate specific skills, expertise and experience in the following areas: IT assurance, IT risks, data analytics, security and privacy, business solutions and emerging IT trends. Qualified financial professionals who hold the Certified Information Technology Professional (CITP®) credential are equipped to provide assurance for, or business insight into, financial-related data, processing or reporting in an ever-changing business environment.
By obtaining the CITP credential, qualified CAs who are IT professionals, internal auditors, controllers or CFOs will benefit by positioning themselves among the most trusted business advisors. In addition, you’ll enjoy valuable resources and information as well as the many benefits of AICPA International Associate membership.
General Credential Requirements
- Be a CA in good standing as defined by ICAS.
- Pass the corresponding credential exam (ABV and CEIV only) and meet the minimum business experience and education requirements. The business experience and education requirements must have been completed within 5 years of applying for the ABV, or CEIV or CITP credentials.
- Complete the ABV, or CEIV or CITP credential application and pay the respective credential fees.
- Sign a Declaration of Intent to comply with the credential recertification requirements.
- Maintain ICAS membership in good standing.
Benefits of Becoming a Credential Holder
- Provides access to corresponding section membership resources and content
- Positions you as a premier provider in your field
- Enhances your image as a competent, trustworthy expert
- Promotes a greater level of confidence for clients and employers
- Demonstrates commitment to continuously improving related skills and expertise, resulting in increased professional competency
- Increases opportunities for referrals from other practitioners, strategic partners and clients
- Includes you in a community of professionals with similar interests and practices
- Provides access to invaluable tools & resources
Pathways and eligibility requirements