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Both ICVS and CFD designees are required to obtain 36 hours of appropriate professional education in each three-year period, beginning with the first full calendar year after their designation was received. At a minimum, both ICVSs and CFDs must obtain at least eight hours of continuing education each year.

Evidence of compliance means attesting to which courses – or parts of courses taken – meet the requirement. IACVS does not define specific courses as these will depend on local conditions. In general any course or conference with business valuation, valuation, litigation, appraisal, fraud, detection or deterrence, or forensic accounting in its title would clearly comply. There will be gray areas but members are expected to use their best judgment to determine compliance and the applicable hours to report. IACVS reserves the right to request more specific evidence to ensure actual compliance.

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