CVA Professional Standards and Ethics Flashcards
6 cards from real Certified Valuation Analyst practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CVA Professional Standards and Ethics flashcards as text
Why is it important for valuation analysts to follow NACVA's Professional Standards?
Answer: To ensure ethical and professional practice
Following NACVA's standards ensures ethical conduct, technical accuracy, and credibility in valuation reports.
Which of the following constitutes a conflict of interest in valuation practice?
Answer: Having financial interest in the subject company
Having a financial interest in the business being valued could impair objectivity and must be disclosed or avoided.
What is the role of objectivity in business valuation?
Answer: To provide an unbiased assessment
Objectivity ensures the valuation is free from bias and based solely on facts, standards, and professional judgment.
What should a valuation analyst do if pressured to alter a report’s conclusion?
Answer: Follow professional standards and maintain integrity
Ethical standards require analysts to resist pressure and report findings truthfully, even if it contradicts client expectations.
How should a valuation analyst handle confidential client information?
Answer: Keep all client information confidential
Confidentiality must be maintained unless the client provides consent or disclosure is required by law.
Which ethical principle prohibits overstating a company's value for client gain?
Answer: Integrity
Integrity in valuation means avoiding any misrepresentation or exaggeration that could mislead stakeholders.
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