Chartered Valuer & Appraiser (CVA) designation
Learn how to earn and maintain a CVA designation, which is a mark of quality for business valuation professionals.
About the CVA designation
The CVA designation is a professional qualification that demonstrates your expertise in business valuation. It is a mark of quality for business valuation professionals.
Note: When you complete the CVA programme, you will be awarded with the Associate Chartered Valuer and Appraiser (ACVA) designation. You may apply for the CVA designation once you meet the experience requirements.
CVA designation details
Eligibility
To qualify as a CVA holder, you must meet all of these requirements.
Complete the CVA programme; and
Have at least three years of suitable valuation experience within a four-year period from your application date.
You need at least 1.5 years of core valuation experience.
After you complete 1.5 years of core experience, the remaining 1.5 years can be non-core valuation experience.
Core valuation experience
This refers to experience in business valuation, corporate finance and litigation support, where you reach or provide a conclusion of value for:
Businesses or business interests
Intangible property
Economic losses
Your core experience should involve significant responsibility in any of these areas:
Activities which are involved in the provision of value conclusions
Activities in connection with financial litigation support and the quantification of economic losses
Activities in an investment capacity including, but not limited to, preparation of analysts’ reports and studies and investment analysis
Acting as business broker to the extent that it involves activities such as pricing, negotiating, and reviewing bids, and proposals
Corporate finance advisory activities, to the extent that time is spent in the process of pricing, negotiation or structuring
Non-core valuation experience
These are activities consistent with business valuation, and include any of these:
Financial, commercial and tax due diligence
Transfer pricing for intangible assets
Forensic accounting
Financial reporting
Auditing of financial statements
Teaching or publishing on business valuation (if you teach university or professional courses covering at least one-third of the CVA programme's body of knowledge, or have published works on the subject)
Benefits
As a CVA holder, you can enjoy the following benefits:
CVA benefits
Key benefits | Details |
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CVA designation |
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Access to training & events |
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Access to resources and standards |
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Application and membership
Application
When to apply
You can apply for the CVA designation during two application windows each year:
1 January to 15 March
1 July to 15 September
IVAS will review your application within eight to 12 weeks after the window closes if you provide complete information. IVAS may contact you for more details during this period.
How to apply
Download and complete the CVA application form.
Review the IVAS Disciplinary Rule Book, which governs all CVA holders.
Email your completed form to ivas@acra.gov.sg.
IVAS reserves the right not to disclose reasons for approving or rejecting applications.
Getting endorsement from CVA holders
If you cannot find a CVA holder to endorse your application, IVAS can help connect you with one.
Email your completed application form to ivas@acra.gov.sg, including detailed information about your core valuation experience.
Notes:
The CVA endorser may ask for more information through sanitised valuation reports.
They may also interview you to assess your suitability as a CVA holder.
A connection to a CVA endorser does not guarantee an endorsement.
Annual membership fees
The annual membership fee for CVA holders is $400 (before GST).
Your first-year fees depend on whether you are an Associate Chartered Valuer and Appraiser (ACVA) holder, and when your application is approved:
CVA: First-year fees
If you are a/an | Fees for the first year of CVA conferment |
|---|---|
ACVA holder | No fee |
Non-ACVA holder (application approved 1 January to 31 March) | $400 (before GST) |
Non-ACVA holder (application approved 1 April to 31 December) | $200 (pro-rated, before GST) |
From the second year onwards, after the CVA designation is conferred, all CVA holders need to pay $400 per year (before GST).
All fees are subject to the prevailing GST.
Maintaining your CVA designation
Your ongoing commitments
CVA holders are required to uphold high standards of business valuation. As a CVA holder, you are committed to:
Meeting annual continuing professional development (CPD) requirements
Adhering to the International Valuation Standards
Adhering to the Code of Ethical Principles for Professional Valuers
Complying with the rules in the IVAS Disciplinary Rulebook
Annual CPD Requirements
When you renew your CVA designation each year, you must declare your CPD compliance status and pay the required fee.
You need at least 20 CPD hours each year to renew your CVA designation, using the CPD framework below:
CPF framework
Type | Details |
|---|---|
Class-based or e-learning courses | At least 10 hours need to be from class-based or e-learning courses. These include internal and external courses, seminars, conferences and forums. The remaining 10 hours can include:
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Core valuation practice areas | At least 10 hours need to be in any of these core valuation practice areas:
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Tip: Check IVAS events and CPD courses. These courses can contribute towards your annual CPD requirements.
CPD compliance audit
IVAS conducts random audits each year to ensure CPD compliance.
If you are selected for an audit:
IVAS will notify you via email by April each year
You must then submit:
Supporting documents or evidence of participation
CPD records
IVAS will contact you if you do not meet CPD requirements during the audit.
Requesting a CPD extension or waiver
You can email ivas@acra.gov.sg to:
Request a six-month extension if you are unable to meet the CPD requirements.
Request a waiver of CPD requirements under these exceptional circumstances:
Long-term or critical medical conditions, disability, or both
Unemployment exceeding six months
All requests are subject to IVAS approval.
Termination and withdrawal
When your CVA designation is terminated
Your CVA designation will be terminated if you do not submit your renewal form and payment after three reminders from IVAS.
IVAS will make reasonable efforts to contact you before termination. Keep your contact information up to date with IVAS to ensure you receive these reminders.
How to withdraw your CVA designation
To withdraw your CVA designation, email ivas@acra.gov.sg.
After termination or withdrawal
Once your designation is terminated or withdrawn:
Your name will be removed from the list of CVA holders.
You can no longer use the CVA designation.
Reinstatement of CVA designation
To reinstate your CVA designation, email ivas@acra.gov.sg.
Requirements and process
Time period | Requirements |
|---|---|
Within three financial years from the year of termination or withdrawal |
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After three financial years from the year of termination or withdrawal |
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List of CVA holders
Select a country or region to view the CVA holders practising there.
Singapore
Singapore: CVA holders
Country | CVA holders |
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Singapore |
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ASEAN
ASEAN: CVA holders
Country | CVA holders |
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Indonesia |
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Malaysia |
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Philippines |
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Thailand |
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Vietnam |
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Asia
Asia: CVA holders
Country | Names |
|---|---|
Hong Kong |
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India |
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Korea |
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Taiwan |
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Oceania
Oceania: CVA holders
Country | Name |
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Australia |
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