Some Tips on How to Select a Business Valuator

Member of Canadian Institute of Chartered Business Valuators, (www.cicbv.ca) founded in 1971. CBV's are recognized as experts in business valuations by the courts, the Canadian Institute of Chartered Accountants, and the Canada Revenue Agency.

A professional accountant where appropriate. Many CBV's are also CA's, CGA's, and CMA's, lending an additional level of expertise to particular valuation situations.
Depth of experience, which may include experience in your industry, or in a reasonably similar industry.
A valuator should recommend an alternative firm to provide services if your file is beyond their scope of expertise or if they cannot gain/or access the expertise in a cost effective manner.

Does your company require special expertise? Certain industries, such as oil and gas, mining, etc. are often most effectively dealt with by valuators with specific expertise in these industries.
Does the valuator have the ability and willingness to call in a specialist to assist in the engagement where needed, such as scientists, engineers, or other technical assistance?

Your specific needs will determine the appropriate valuation firm.
Get input from other business owners or executives that you know that have gone through the process. Speak to other business advisors involved in your file (accountants, lawyers, bankers, etc.) for their views and recommendations.
The purpose of the report guides the level of report required, which guides the amount of work required and therefore the cost to complete.

Rigorous professional and ethical
standards combined with broad
market based experience and
expertise
Currently about 1,000 CBV’s across
Canada, plus 700 students
Educational requirement (6 graduate
level courses, and one final
qualifying exam)
Training requirement—must article
under another CBV for a proscribed
period of time and meet experience
requirements
CBV is the recognized business
valuation specialty by the Canadian
Institute of Chartered Accountants