Finance groups want to bring more consistency to the valuation profession and reduce the number of questions auditors raise about the valuations, the Wall Street Journal reported today. “We want these professionals to better document their assumptions,” Eva Simpson, who is among the managers leading the effort for the American Institute of CPAs (AICPA). The groups are developing a new certification program that would require 30 hours of work, depending on experience, and could cost more than $1,000, according to the AICPA. The accounting trade group is collaborating with the American Society of Appraisers and the Royal Institution of Chartered Surveyors to work out specifics of the program, which could be announced by the end of the year.
