AICPA Creates New Credentials for Fair Value Measurement

The governing Council of the American Institute of CPAs today voted to approve a resolution authorizing the development of two new specialty credentials in the area of fair value measurement.

The two new credentials will respectively cover the areas of fair value measurement for business and intangible assets, and fair value measurement for financial instruments. They will be available to CPAs and other qualified professionals who meet eligibility requirements determined by the AICPA’s National Accreditation Committee (NAC) and approved by the AICPA’s Board of Directors.

“The AICPA is committed to meeting the market demand and public need for improved consistency and transparency in the fair value measurement process,” said Michael Ueltzen, chair of the AICPA’s NAC. “By establishing rigorous qualification requirements, performance standards, and a mandatory performance framework, these credentials are being developed to address regulators’ concerns and improve the quality of fair value measurements.”