GCF Valuation and its appraisers belong to the most respected appraisal associations in the country and hold the highest industry designations, making them experts in their field. The firm’s partners, Steve Mize, ASA and Darren Mize, ASA are both accredited senior appraisers in business valuation (accredited by the American Society of Appraisers). All other GCF Valuation employees are accredited or in the process of being accredited through various organizations.
Since a state license is not required in business valuation (as with real estate), the client must review the appraiser’s qualifications and designations. CBA, ASA/AM, CVA and ABV are widely known throughout the business valuation community as the only four (4) organizations in the United States that meet the IRS, SBA and ERISA "Qualified Appraiser" guideline.
|Experience||5 yrs for ASA; 2 yrs for AM||Minimum of two assignments - reports must be submitted and approved||No Minimum||Involved in 10 Business Valuations|
|Qualifying Exam||Proctored, Closed Book. Must pass an Ethics Exam. USPAP exame must be passed every 5 yrs.||Proctored, Closed Book. Started in 1999. Includes a report writing portion.||Proctored, Closed Book Proctored, Closed Book.||Proctored, Closed Book|
|Report Writing Requirement||Yes, two reports rigorously reviewed by leading Business Appraisers.||Yes, two reports rigorously reviewed by leading Business Appraisers.||None other than portion of qualifying exam.||None|
|Continuing Professional Education||Yes, 100 credits every 5 yrs||Yes, 24 credits every two years of equivalent||Must maintain CPA credential. Other classes in business valuation are required to maintain designation.||60 credits and involvement in five reports every three yrs.|
|Organization has Professional Standards||Yes, for over ten years||Yes, for over ten years||Yes, since 1995||Yes, since June 2007|