Press Release

Press Release
National Association of Certified Valuators and Analysts™ (NACVA®)
Consultants’ Training Institute™ (CTI™)
Contact: Brien K. Jones, Chief Operations Officer and Executive Vice President
5217 South State Street | Suite 400 | Salt Lake City, UT, USA 84107 | | (801) 486-0600 |


NACVA Expands its Worldwide Network

International Chapters launched in Africa and Europe.


NACVA is pleased to announce it has signed an agreement with two separate African affiliates and have formed the African Association of Certified Valuators and Analysts™ (AACVA™) which was launched in March 2015 and the African Association of Financial Forensic Analysts™ (AAFFA™) that was launched in June 2015. The African Chapters join the already established European Association of Certified Valuators and Analysts™ (EACVA™) that was launched in September 2014.


AACVA has been entrenched in Africa for over ten years, specifically in Ghana, Kenya, Nigeria, and South Africa. The Chapter has executive and administrative staff supporting Certified Valuation Analyst (CVA) credentialing programs in addition to offering business valuation training and resources, and focusing on member growth activities. “We have come a very long way in getting people to realize that business valuation is a special skill and that CPAs and financial consultants need a credential to really do the right things. With the introduction of the CVA in Africa and the training we have provided to our members we have made a distinction as to the value of a credentialed valuation analyst and the market is responding,” states Bennet Kpenty, President of AACVA. “We are looking at specialized industries in Africa. Oil and gas is a thriving. Energy is key and a driving force, and people are also moving investments from Europe and Asia into Africa. Africa is considered to some as a next investment frontier. Being able to place value on the risk and appraise the risk appropriately for investments in these sectors through globally accepted valuation methodologies and approaches will empower our members to advise their clients accordingly who wish to venture into these markets,” states Michael Cobblah, Chairman of AACVA’s Board of Governors.


AAFFA pioneers as NACVA’s first international chapter exclusively focusing on financial forensics training and credentialing. AAFFA will focus its activities in Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia, and Zimbabwe. “The formulation of AAFFA is definitely going to benefit the country,” states Proctor Nyemba, Executive Director of AAFFA. “What is currently happening in the economy, especially the numerous cases of fraud and financial litigation and investigations shows the urgent need to build the awareness of engaging qualified, experienced, and credentialed financial forensic analysts. The Master Analyst in Financial Forensics (MAFF) is a widely known and respected worldwide credential. We are excited to build the foundation of training, certification, and resources so our members can engage with the legal and business communities and provide much needed financial forensic services.” The AAFFA will host a Forensic Accounting, Forensic Audit, and Fraud Examination Conference in Hwange, Zimbabwe on September 9 – 10, 2015. For details visit the AAFFA website at


“EACVA started in 2005, in the German/Austria market. The CVA credential is well established with a lot of attendees who attend the training throughout the year. We are excited to have over 300 members and hope to continue growing,” states Andreas Creutzmann, chief executive officer of EACVA. “We manage a very diverse group of members, some from the large accounting firms, others are from smaller audit and tax practices, but we also have members representing controlling and M&A departments from corporate firms. This integration from various perspectives benefits our training and conferences because the various business valuation issues can be discussed from these points of view,” states Wolfgang Essler, member of EACVA’s Board of Directors. “This diversity is good to see. We are establishing the CVA as a market leader because we have such a varied source of members,” states Wolfgang Kniest, Managing Director of EACVA. The EACVA will offer the CVA training program August 24 – 28, 2015 in Berlin, September 21 – 25 in Vienna, Austria, and December 7 – 11 in Munich. They will also host their Annual Conference November 26 – 27, 2015 in Dusseldorf. For details visit the EACVA website at


In January 2014 NACVA and its international partner the International Association of Consultants, Valuators and Analysts ™ (IACVA®) terminated their relationship. “With the support of NACVA’s Valuation Credentialing Board, Litigation Forensics Board, and Executive Advisory Board, NACVA has opened its doors to the international valuation community and those professionals interested in obtaining, holding, and supporting the Certified Valuation Analyst (CVA) and Master Analyst in Financial Forensics (MAFF) designations,” states Parnell Black CEO and Co-Founder of NACVA. “We have formulated a plan to allow for international chapters under an agreement that provides they operate in a fashion similar to a U.S. state chapter, but have financial incentives to support their logistical independence and reward their growth initiatives. We are currently in talks to establish several more international chapters in the coming months. As NACVA continues to pioneer in the United States we are pleased to have the opportunity to support the global business valuation and financial forensics profession beyond our borders.”

View an in-depth interview with the AACVA leadership: click here


View an in-depth interview with the EACVA leadership: click here


About the NACVA

The National Association of Certified Valuators and Analysts (NACVA) is a global, professional association that delivers training and certification programs in accounting and financial consulting fields such as business valuation, financial litigation forensics, expert witnessing, forensic accounting, fraud risk management, mergers and acquisitions, business and intellectual property damages, fair value, healthcare consulting, and exit strategies. NACVA is a member of the Institute for Credentialing Excellence™ (ICE™). NACVA’s Certified Valuation Analyst® (CVA®) designation is the only valuation credential accredited by the National Commission for Certifying Agencies® (NCCA®), the accreditation body of the Institute for Credentialing Excellence. Other professional certifications offered by NACVA include the Master Analyst in Financial Forensics™ (MAFF™) and the Accredited in Business Appraisal Review™ (ABAR™) designation. Visit to learn more.

About the CTI

The Consultants’ Training Institute™ is comprised of leading experts in the fields of business valuation, financial forensics and forensic accounting, mergers and acquisitions, healthcare valuation and consulting, and a variety of other related business consulting disciplines. As the most widely respected professional training organization, the CTI combines hundreds of years of practitioner experience with academic insights to produce benchmark training and certification in the accounting and financial consulting industry’s hottest growth niches. To learn more, visit