iiBV and NAVS Achieve Licensing and Agreement for iiBV Courses


November 7, 2018


Toronto, CANADA – The International Institute of Business Valuers (iiBV) and the National Association of Valuers of Serbia (NAVS) sign a new licensing agreement for iiBV courses that will further promote the advancement of the business valuation profession in Eastern Europe. NAVS have begun translations of iiBV courses into Serbian and Vesna Stefanovic, Chairman of the NAVS Managerial Board is being trained as the region’s first certified instructor.

This is the second regional licensing agreement for the iiBV, with the first agreement made with the Saudi Authority for Accredited Valuers (Taqeem) covering the Arabic speaking countries. The iiBV is continuing discussions with other professional organizations in India, Brazil and around the world to license their education courses and course materials in other languages.

“Our experience in licensing our courses to regional VPOs has proven to be a successful strategy in promoting the adoption of universal business valuation standards,” says Michael Badham, Executive Director of iiBV.

NAVS has been a supporter of consistent valuation standards and Member of the iiBV since 2015. The licensing agreement and course translations “will unify business valuation practices in the region and promote best practices. We look forward to continuous collaboration with the iiBV in providing the most thorough BV training that will certify even more appraisers in Eastern Europe,” says Danjiela Ilic, President, NAVS.

These newly translated courses will also be recognized by American Society of Appraisers (ASA) and can be used toward achieving the ASA credential.



Michael Badham, Executive Director

International Institute of Business Valuers (iiBV)

Phone:             (416) 407-4324

Email:              michaelbadham@iibv.org

Website:          www.iibv.org


Danjiela Ilic, President

National Association of Valuers of Serbia (NAVS)

Phone:             +381 11 2422961

Email:              danijela.ilic@procenitelji.org.rs

Website:          www.procenitelji.org.rs


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