The Accredited Senior Appraiser (“ASA”) Certification Program requires candidates to successfully complete a series of requirements, making the ASA designation the “gold standard” in the business appraisal profession.
Those requirements include:
1. Completion of four three-day courses;
2. Passing fourteen hours of comprehensive examinations;
3. Experience of a minimum of five years of full-time work as a business valuation professional;
4. Peer review with the submission of sample appraisal reports to the American Society of Appraisers’ International Board of Examiners;
5. Compliance with the American Society of Appraisers’ mandatory recertification program for all its Senior Members, requiring a minimum of 100 hours of Continuing Professional Education (“CPE”) credit every 5 years; and,
6. Continuing compliance with (and acknowledgement in each appraisal report of) The Uniform Standards of Professional Appraisal Practice (“USPAP”) of The Appraisal Foundation and the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers. (Periodic updates to these Standards are posted to the ASA Business Valuation Committee’s website: www.bvappraisers.org.)