CFA® Program Granted Recognition by AICPA, RICS and ASA

CFA Institute, the global association of investment management professionals, announces that the American Institute of Certified Public Accountants (AICPA), the Royal Institution of Chartered Surveyors (RICS) and the American Society of Appraisers (ASA) now recognize the CFA Program in their certification requirements. These associations grant the Certified in Entity and Intangible ValuationsTM (CEIVTM) credential, and the CFA Program is now accepted as a pathway toward obtaining the CEIV credential.

As part of the updated requirements, candidates who pass the CFA Program Level III exam or hold the CFA designation are eligible for credential reciprocity that grants an exemption from the valuation competencies portion of the CEIV credential. The CEIV credential addresses fair value measurements for entity and intangible asset valuations for financial reporting.

Candidates choosing the CFA Program to obtain the CEIV credential must meet rigorous eligibility requirements determined by the AICPA, RICS and ASA organizations in collaboration with other organizations that contributed to its development, including The Appraisal Foundation and the International Valuation Standards Council. Those include demonstrating competencies in valuation and fair value measurement through training and assessments, and passing a two-part CEIV exam. Those interested in applying for the credential can learn more at https://ceiv-credential.org/.
 
“CFA Institute continues to work toward raising standards of entry into the profession to protect investors and society. Approval by AICPA, RICS and ASA to expand recognition to the CFA Program illustrates our shared vision and is a testament to the breadth and strength of the CFA Program as an appropriate standard,” said John Bowman, CFA, managing director, Americas, at CFA Institute. “We are committed to ensuring that valuation professionals are subject to high standards in fair value measurement by equipping them with the necessary training and ethical foundation to serve clients' best interests.

To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be the most rigorous in the investment profession and accrue four years of relevant work experience. The CFA curriculum includes ethical and professional standards; financial reporting and analysis; corporate finance; economics; quantitative methods; equity, fixed income, alternative investments; derivatives; portfolio management; and wealth planning.

More information can be found on CFA Institute certification program recognition here.