Accredited Senior Appraiser (ASA) in Business Valuation
November 2025
The America Society of Appraisers, otherwise known as ASA, has its roots going back to The American Society of Technical Appraisers (ASTA) and the Technical Valuation Society (TVS), which were organized in 1936 and 1939, respectively. In 1952 they were consolidated creating ASA.
ASA is a multi-discipline, non-profit, international organization of professional appraisers representing all appraisal disciplines: Appraisal Review & Management, Business Valuation (BV), Gems & Jewelry, Machinery & Technical Specialties, Personal Property and Real Property.
The term business valuation was utilized by individual appraisers prior to 1981; however, the term was not adopted by ASA until that time. ASA’s 1981 International Conference in Atlanta, Georgia, was the first such conference offering business valuation topics on the educational program.
The steps in obtaining the ASA accreditation in business valuation are to:
2. Complete the online accreditation application;
3. Pay the online accreditation application fee;
4. Upload a copy of your college degree or transcript, or if eligible, upload the College Degree equivalency Form;
5. Upload an appraisal experience or a letter from an ASA or supervisor stating you have the requisite five years of full-time appraisal experience;
6. Upload one Comprehensive Written Business Valuation Report that has been issued in the last two (2) years; and
7. Upload a completed ASA Candidate BV Report Review Checklist to accompany your appraisal report.
It should be noted that ASA’s Business Valuation credentials are the only professional accreditations that comply with USPAP, and ASA is the only professional valuation organization offering a specialty credential in Intangible Assets.
More detailed information can be obtained at the website of www.appraisers.org.
Relevant Court Cases
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Ferrara v. Ferrara,
U.S. District Court of Minnesota,
No. 25-cv-2142,
dated October 30, 2025
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Maryland Indoor Play, LLC et al. v. Snowden Investment LLC,
Supreme Court of Maryland,
No. 29,
opinion filed July 1, 2025
Recent Business Valuation Articles
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“Excessive Valuation of Goodwill and
Other Intangible Assets Makes Earnings of
S&P 500 Portfolios Questionable,”
by Darrol J. Stanley and Michael D. Kinsman,
dated October 22, 2025
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“Valuation Models,”
by Francesca Bastianello, Paul H. Decaire
and Marius Guenzel,
dated November 18, 2025
Recent Engagements
- Valuation of a minority interest
in a limited partnership primarily
invested in alternative investments
for gift tax reporting purposes.
- Valuation of 100% of the
member interests of a metal
processing company on a controlling
interest basis for potential
purchase/sale purposes.
- Valuation of the common stock
of a bank holding company on a
minority interest basis for
estate tax reporting purposes.
- Valuation of the common stock
of an investment holding company
and an equipment leasing company
on a minority interest basis
for redemption purposes.
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