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Chartered Business Valuator Definition
Chartered Business Valuator is granted by the Canadian Institute of Chartered Business Valuators, a body of Chartered Business Professionals. The institute sets guidelines and standards that not just govern Canadian professionals but also have a worldwide influence on business valuation.
The designation, Chartered Business Valuator, is for specialists or experts in the financial evaluation of a business.
A Little More on What is a Chartered Business Valuator (CBV)
Chartered Business Valuators use different methods to value several types of companies. One of the methods used by the valuator in valuing the value of a company involves valuing the assets and securities of the company. The latest method used for valuing securities is the Fair Value Accounting Standards which has seen the growth of the profession.
The training required to become a Chartered Business Evaluator entails six different courses which are courses that cover law, business valuation strategies, and taxation. Numerous hours of practical experience in securities and business valuation are also required as well as a pass in the Chartered Institute of Business Valuator’s entrance exam.
For valuators to maintain relevance throughout their careers, they must attend training and be abreast of new development that may affect their practice.