Professional Credentials Matter

The most important factor in choosing a valuation firm is the credentials of the professionals who will perform the work. Look for Accredited Senior Appraisers (ASA) from the American Society of Appraisers, Chartered Financial Analysts (CFA) from the CFA Institute, and Accredited in Business Valuation (ABV) from the AICPA. These designations require rigorous education, examination, and continuing professional development requirements. At Corporate Valuations Inc., our professionals hold ASA and CFA credentials, representing the highest standards in valuation practice.

Experience and Track Record

Choose a firm with substantial experience in your specific type of valuation. A firm that has completed thousands of valuations over decades will have encountered virtually every scenario and can handle complex situations efficiently. Ask about the firm’s experience with your industry, the specific purpose of your valuation (tax, litigation, transaction), and whether their reports have been tested in court or IRS audit. Corporate Valuations Inc. has over 40 years of experience and has successfully supported clients through IRS audits, litigation, and major transactions.

Independence and Objectivity

A valuation professional must be independent and objective. Avoid firms that have a financial interest in the outcome of the valuation or that serve as both advisor and appraiser in the same transaction. The valuation should represent an unbiased, professional opinion of value based on facts, analysis, and professional judgment — not an advocacy position. Reputable firms adhere to professional standards (USPAP, AICPA) that mandate independence and objectivity.

Report Quality and Defensibility

Request sample reports (with confidential information redacted) to assess the quality and depth of the firm’s work product. A well-prepared valuation report should clearly state the purpose, standard of value, and valuation date; document all data sources and assumptions; explain the rationale for methodology selection; present the analysis in a logical, transparent manner; and arrive at a well-supported conclusion. The report should be written so that a knowledgeable reader can understand and evaluate the analysis.

Questions to Ask Before Hiring

Before engaging a valuation firm, ask: What are the credentials of the person who will sign the report? How many similar valuations have you completed? What is your experience with IRS audits or litigation involving your valuations? What is your fee structure and timeline? Will you be available for questions after the report is delivered? Can you provide references from attorneys or CPAs who have worked with you? These questions will help you assess whether the firm is the right fit for your specific needs.

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