Bratton, McMorrow & Associates LLP

Selecting a Valuation Professional

Selecting a Valuation Professional

The two most senior credentials for business appraisers - and the most difficult to obtain - are Accredited Senior Appraiser (ASA), awarded by the American Society of Appraisers, and Certified Business Appraiser (CBA), awarded by the Institute of Business Appraisers.

To receive the ASA credential, the appraiser must pass intensive courses and a written examination; must submit representative appraisal reports; have a college degree or its equivalent plus five years of experience in business valuation.

To obtain the CBA certification, the applicant must possess a 4-year college degree or equivalent ; pass a comprehensive written examination on current business valuation theory and practice and submit two reports demonstrating a high degree of skill, knowledge and judgment as a business appraiser.

Stephen D. McMorrow, the partner in charge of appraisal work at BMA, holds both credentials as well as being a CPA. This combination of credentials is important when defending a valuation in court, before the IRS or with business partners and associates. Currently, Stephen is only accepting engagements by referral only.