Certified in Entity and Intangible Valuations

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.

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Benefits of gaining a CEIV credential with RICS

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:

• Access to a global network of more than 125,000 professionals working in the built environment
• Representation on searchable register of credential holders
• Access to professional resources, CPD materials and events
• Reputation advantage associated with the MRICS or FRICS designation

Training

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.

Fair Value Measurements: Body of Knowledge

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.

Fair Value Measurements: Mandatory Performance Framework

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.

Mandatory Performance Framework and Application

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.

Quality Assurance

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:

• That all professions commit to life-long learning by completing the required Continuing Professional Development (CPD) - required in order to maintain the credential
• Complaints received (including anonymously) are reviewed quickly and independently
• Confidential reviews of valuation work are performed to ensure compliance with the Mandatory Performance Framework

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.