NACVA Expands to Africa

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The formulation of AAFFA is definitely going to benefit the Zimbabwe said AAFFA executive director Proctor Nyemba.

THE National Association of Certified Valuators and Analysts has launched international chapters in Africa and Europe.

NACVA signed agreements this year with two African affiliates, the African Association of Certified Valuators and Analysts in March and a new group called the African Association of Financial Forensic Analysts in June. The African chapters join a European chapter that debuted last September known as the European Association of Certified Valuators and Analysts.

NACVA has been rebuilding its international presence after the Salt Lake City-based organization left the International Association of Consultants, Valuators and Analysts (see NACVA, IACVA Part Ways). The group offers credentials such as Certified Valuation Analyst and Master Analyst in Financial Forensics.
The AACVA has been in Africa for over 10 years, in Ghana, Kenya, Nigeria and South Africa.

“We have come a very long way in getting people to realize that business valuation is a special skill and that CPAs and financial consultants need a credential to really do the right things,” said AACVA president Bennet Kpenty in a statement.

In contrast, AAFFA is a new organization and is NACVA’s first international chapter focusing exclusively on financial forensics training and credentialing. It will focus its activities in Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia and Zimbabwe.

“The formulation of AAFFA is definitely going to benefit the country,” said AAFFA executive director Proctor Nyemba. “What is currently happening in the economy, especially the numerous cases of fraud and financial litigation and investigations, shows the urgent need to build the awareness of engaging qualified, experienced and credentialed financial forensic analysts.” – accountingtoday.com