Brian Lee, Director at Globalview Advisors, was awarded the Certified in Entity and Intangible Valuations™ (CEIV) designation by the International Board of Governors of the American Society of Appraisers (ASA). The CEIV credential provides parties involved in the preparation and review of valuations prepared for financial reporting purposes with evidence of the valuation preparer’s commitment to enhancing audit quality, consistency and transparency in fair value measurements.

To obtain the CEIV designation, individuals must complete coursework specific to financial reporting valuations and pass an examination to demonstrate their technical competence. Elements of the coursework include:

The course also covers the financial reporting body of knowledge including ASC 820, 350, 805 and 718 among others.

In addition to technical knowledge requirements and minimum performance standards as set forth in the Mandatory Performance Framework, CEIV credential holders are required to meet annual recertification requirements, as well as additional requirements every three years to maintain the CEIV credential.

Efforts pertaining to the CEIV can be traced back to concerns regarding the quality of valuations prepared for financial reporting raised by the U.S. Securities and Exchange Commission in its role as a capital markets regulator. The sufficiency of procedures performed pertaining to fair value estimates has also been noted frequently in PCAOB inspection reports.

Brian is also an accredited senior Member of the American Society of Appraisers (ASA) in the business valuation discipline and a Chartered Financial Analyst (CFA®) charterholder.

For further information, please contact Brian Lee at +1 (949) 475-2806 or via email at blee@globalviewadvisors.com or Michael Haghighat at +1 (949) 475-2801 or via email at mhaghighat@globalviewadvisors.com.