CVA holders are required to fulfil a minimum of 20 hours of Continuing Professional Development (CPD) per year to renew their CVA designation annually.
CPD Requirements
CVA holders are required to fulfil a minimum of 20 hours of CPD per year, with 10 CPD hours related to Core Valuation Practice Areas, using the CPD Framework.
CPD Framework
Class-based or e-learning courses
A minimum of 10 hours must be spent attending class-based or e-learning courses (internal and external) and forums such as seminars and conferences.
The remaining 10 hours could be spent in conducting instruction, leadership initiatives or research. Examples of these are:
Instruction: Teaching, speaking at conferences, and participating in panel discussions
Leadership: Serving on industry committees and work groups
Research: Publishing case studies and research findings
Core Valuation Practice Areas
A minimum of 10 CPD hours must be spent in any of the following Core Valuation Practice Areas:
- Provision of value conclusions
- Quantification of economic losses in the context of financial litigation support
- Investment analysis and investment management
- Business brokering (e.g. pricing, negotiation, reviewing of bids and proposals)
- Corporate finance advisory (e.g. pricing, negotiation, and structuring)
CPD Declaration
CVA holders must declare their CPD compliance status when renewing their CVA designation annually and paying the required fee.
CPD Audit
IVAS conducts annual random audits of CPD fulfilment.
Audit Process:
- Selected CVA holders will be notified via email by April each year.
- Selected CVA holders must submit:
- Supporting documents / evidence of participation
- CPD records
- IVAS will contact selected CVA holders who do not meet CPD requirements during the audit.
CPD Extension and Waiver Request
CPD Extension
CVA holders who are unable to fulfil the CPD requirements may request a 6-month extension.
CPD Waiver
CVA holders may request a waiver of CPD requirements under the following exceptional circumstances:
- Long term or critical medical conditions and / or disability
- Unemployment exceeding 6 months
For CPD extension or waiver requests, please write to ivas@acra.gov.sg. All requests are subject to IVAS's approval.
