A two-part CEIV exam will be introduced early this year. This is part of demonstrating competencies in valuation and fair value measurement that will also be determined via training and assessments,

The sponsors say the credential will enhance the quality, consistency and transparency of fair value measurement results in financial reporting. Those who obtain the credential will be required to follow uniform guidance on how much documentation is necessary to support measurements.

Credential holders will be monitoring regularly to ensure they are properly following guidance.

Financial professionals who want to obtain the CEIV credential must meet eligibility requirements determined by the three organizations in collaboration with other organizations that contributed to its development. These include the Appraisal Foundation and the International Valuation Standards Council.