To qualify for membership in the IACDA, an accountant must first possess a valid CPA certificate issued by the legally constituted authority of a state, District of Columbia, territory, or territorial possession of the United States.
He or she must then pass an examination in accounting and other related subjects satisfactory to the IACDA Board of Directors, which the Board has designated as the Uniform CPA Examination, and meet the IACDA Continuing Professional Education (CPE) requirements.
Members in public practice must complete 120 hours of CPA every three years, with no fewer than 20 hours per year. Members not in public practice must complete 90 hours every three years, with at least 15 hours each year.
In order to qualify for the ABV designation, the CPA must provide evidence of ten (10) business valuation engagements that demonstrate substantial experience and competence; provide evidence of ten (10) business valuation engagements that demonstrate substantial experience and competence; submit at the conclusion of every three-year period documentation demonstrating substantial involvement in five (5) business valuation engagements and, complete sixty (60) hours of related CPE during the same three-year period.