ASA and AIC Launch Partnership to Educate AIC Members to Complete Machinery and Equipment Appraisals

OTTAWA, June 6, 2016 /CNW Telbec/ - The American Society of Appraisers (ASA) and the Appraisal Institute of Canada (AIC), both leading valuation associations within North America, are pleased to announce a new educational partnership that will enable AIC members to acquire the competency to complete machinery and equipment appraisal assignments in Canada.

ASA will offer its highly recognized education program, the Machinery and Equipment Valuation Program, to AIC members at the same ASA member-discounted price. This comprehensive education program includes four courses, including: ME201-000 – Introduction to Machinery and Equipment Valuation; ME202-000 - Machinery and Equipment Valuation Methodology; ME203-000 – Advanced Topics and Case Studies; and, ME204-000 - Machinery and Equipment Valuation - Advanced Topics and Report Writing.

Completion of the four courses within the Machinery and Equipment Valuation Program is one way AIC members can achieve the competency necessary to complete Machinery & Technical Specialties (MTS) appraisals.

In May 2016, AIC added the Machinery and Equipment Appraisal Standard Rules and Comments to the 2016 Canadian Uniform Standards of Appraisal Practice (2016 CUSPAP). This new Standard enables competent and qualified AIC-designated appraisers to expand their scope of practice to include Machinery and Equipment appraisal assignments.

"This partnership will help AIC Members to further diversify their service offerings by valuing machinery and equipment.  This new discipline for the AIC is yet another reason we believe our members are the professionals of choice for valuation," states Daniel Doucet, AACI, P.App, president of the Appraisal Institute of Canada.

"We partnered with ASA to give members the best education and opportunity to access ASA's established and recognized Machinery and Equipment Valuation Program at a reasonable cost."

Linda B. Trugman, ASA, International President of the American Society of Appraisers, added, "Partnering with AIC highlights ASA's global mission to providing value worldwide and serves as a testament to the Society's drive to being a leading educational provider. It also demonstrates both organizations shared commitment to excellence."

About the Appraisal Institute of Canada (AIC)

The Appraisal Institute of Canada is a leading real property valuation association with over 5,000 members across Canada and around the world. Established in 1938, AIC works collaboratively with its 10 provincial affiliated associations to grant the distinguished Accredited Appraiser Canadian Institute (AACI™) and Canadian Residential Appraiser (CRA™) designations.  AIC is a self-regulating organization that is guided by a Code of Conduct, and Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) to ensure the integrity of the profession and the protection of public interest. AIC members provide unbiased appraisal, review, consulting, reserve fund planning and machinery and equipment appraisal services on all types of properties within their areas of competence. For more information, go to AICanada.ca.

About the American Society of Appraisers

The American Society of Appraisers is a world renowned and respected international organization devoted to the appraisal profession. As the oldest and only major appraisal organization representing all appraisal specialists, ASA is devoted to providing the highest possible standards in all areas of ethics, professionalism, education and designation criteria. For more information about the American Society of Appraisers, the ASA designation program for appraisers or the Society's free "Find an Appraiser" Referral System, visit www.appraisers.org or call [phone].

SOURCE Appraisal Institute of Canada

For further information: American Society of Appraisers: Todd Paradis, Email: [email protected], Tel: Direct [phone]; Appraisal Institute of Canada: Sheila Roy, B.B.A., Email: [email protected], Tel: [phone] ext.224