A Chartered Business Valuator (CBV) is a professional designation granted by the Canadian Institute of Chartered Business Valuators (CICBV). The CICBV is the Canadian professional organization for business valuation, which was established in 1977. The CBV designation is the highest level of professional certification in business valuation in Canada.
To become a CBV, candidates must have a minimum of five years of professional experience in business valuation, and must pass a rigorous three-day examination. The examination covers all aspects of business valuation, including theory, methodology, and practice.
Once a CBV, practitioners must adhere to the CICBV's Code of Ethics and Standards of Practice, and must complete continuing education requirements on an annual basis.
Are debt collectors legal in Canada?
There are no specific federal laws governing debt collectors in Canada. However, debt collectors must comply with general consumer protection legislation, such as the Consumer Protection Act and the Fair Trading Act.
Under the Consumer Protection Act, debt collectors must not use unfair or deceptive practices when collecting debts. For example, they cannot threaten or harass you, or make false or misleading statements.
The Fair Trading Act prohibits unfair or deceptive practices in all commercial transactions, including debt collection. For example, a debt collector cannot mislead you about your rights or the amount of money you owe.
If you believe that a debt collector has violated your rights, you can file a complaint with the Consumer Protection Branch of the Ministry of Consumer Services. What is a PCIA designation? A PCIA designation is a professional credential that is awarded to individuals who have completed a program of study in public sector internal audit. The PCIA designation is administered by the Institute of Internal Auditors (IIA).
How much is a valuator? The cost of a valuator varies depending on the individual's qualifications, experience, and location. Generally, valuators with more experience and credentials command higher fees. In the United States, valuators typically charge by the hour, with rates ranging from $100 to $400 per hour.
How do I become a CBV in Canada?
There is no specific degree or certification required to become a CBV in Canada. However, it is generally expected that CBVs have completed a professional designation program such as the Canadian Institute of Chartered Business Valuators (CICBV) program or an accredited business valuation program offered by a university.
In addition, CBVs must have a minimum of five years of relevant valuation experience. This experience can be gained through working in a variety of roles including appraiser, investment banker, financial analyst, etc. What does CICA stand for in Canada? CICA stands for the Canadian Institute of Chartered Accountants.