Certified Valuation Analyst (CVA) Practice Exam

What is the purpose of the Technical Resource Handbook/Database published by NACVA?

1. A training manual for analysts

2. A reference guide

3. A financial auditing tool

4. A compliance checklist

The correct answer is: A reference guide

The purpose of the Technical Resource Handbook/Database published by NACVA is primarily to serve as a reference guide. This resource consolidates a wide array of information relevant to valuation professionals, providing access to technical guidance, methodologies, and best practices necessary for effective valuation analyses. It is designed to support practitioners in their day-to-day functions by giving them a reliable source of information to reference when needed. While it may contain elements that could be useful for training or best practices, its main function is not specifically aimed at training analysts. It does not serve as a financial auditing tool or a compliance checklist, as its focus is on providing in-depth technical resources rather than tools for compliance or direct auditing processes. This distinction is crucial for understanding the primary utility of this resource in the field of valuation.