Business valuation experts are consultants that specialize in appraising companies. They use the various business valuation approaches to analyze worth.
Business valuation experts are typically degreed individuals that have experience, training, and education. There are several business valuation certifications that are obtainable. These accreditations are offered by the American Society of Appraisers, the National Association of Certified Valuation Analysts, the American Institute of Certified Public Accountants, and the Institute of Business Appraisers.
A business valuation expert likely has a specialty. This may be in the form of the industries that the expert appraises or the type of appraisals that they complete. For example, some experts specialize in appraising machinery and equipment while others may specialize specifically in appraising going concern medical practices.
Situations such as litigation and divorce often require the use of business valuation expert witnesses. They assist the courts in providing expertise in explaining conclusions of value to the judge and jury.