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Portsmouth, NH, August 31, 2004
Chartworth Principal Earns Accredited in Business Valuation Credential
Howard Smith, Principal of Chartworth of Portsmouth, NH has been awarded the Accredited in Business Valuation (ABV) credential by the American Institute of Certified Public Accountants (AICPA).
The ABV credential, established in 1966 by the AICPA, recognizes CPAs with extensive professional experience in business valuation. The ABV credential is granted exclusively to CPAs who elect to demonstrate their business expertise and experience by earning the credential. Since inception, 1505 CPAs have earned the ABV credential.
"The demand for business valuation services by CPAs has increased tremendously in recent years especially from owners of family businesses who are concerned with estate and gift tax issues, succession planning, divorce settlements, or who need guidance on selling their business or buying a new one," say Ron Seigneur, CPA/ABV, and Chair of the AICPA's ABV Credential Committee. "CPAs have had a long history or providing advice to clients on a variety of financial and business matters. The ABV credential recognizes the growing importance of this service and the CPA's expertise in delivering it."
Mr. Smith met the requirements to earn the credential, including holding a valid CPA certificate, providing evidence of substantial experience and continuing education in business valuation, and passing a written exam covering the business valuation common body of knowledge, including the areas of professional and regulatory standards, valuation methods and report writing.
CPA's who have earned the ABV credential must recertify every three years. To do so, they must submit documentation demonstrating substantial involvement in the business valuation discipline and complete a prescribed amount of related continuing professional education during this three year period.
The AICPA is the national professional association of the CPAs with more than 330,000 members in public practice, business and industry, government and education.
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Chartworth provides corporate finance advisory, business development, strategic planning, and management consulting services to entrepreneurial companies. The firm specializes in helping businesses in transition build and realize corporate value. As stakeholders in our clients' successes, Chartworth partners with client companies to accelerate growth and achieve corporate wealth. Advisory services are offered in the areas of mergers and acquisitions, raising capital, business valuation, interim CFO management, financial strategy, and implementation of value creation frameworks.