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CMEA, MEA, and SBA

March 27, 2013

Within the machinery and equipment appraisal realm, there are a number of different designations that appraisers can earn. Three of the most common designations are Machinery & Equipment Appraiser (MEA), Certified Machinery & Equipment Appraiser (CMEA), and Senior Business Analyst (SBA). They all sound suitably impressive, but what do they all mean?

A CMEA is a designation awarded by NEBB Institute, the industry leader in USPAP-compliant Machinery & Equipment Appraisals. A CMEA undergoes comprehensive training on the approaches to value, depreciation, value determination, USPAP regulations, and ethics. A Certified Machinery & Equipment Appraisal submitted by a CMEA will withstand scrutiny by the IRS, courts, CPAs, and others.

The MEA designation, though similar, is not the same as a Certified Machinery & Equipment Appraiser. An MEA is only authorized to analyze and consult concerning a machinery and equipment appraisal.

An SBA is a title conferred by the International Society of Business Analysts which displays the credential of an MEA, but is neither authorized nor trained to submit a USPAP-compliant Certified Machinery & Equipment Report that is defensible and will hold up to scrutiny.

When it comes to having your machinery or equipment appraised, be sure you’re dealing with a CMEA .

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

 

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