26th May 2011
The designation of Certified Machinery & Equipment Appraiser (CMEA) is 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 Machinery & Equipment Appraisal submitted by a CMEA will withstand scrutiny by the IRS, courts, CPAs, and others.
The MEA designation, however, is not the same as a Certified Machinery & Equipment Appraiser.
The professional designation of the more than 300 CMEAs within the SBA Membership Directory should not be confused with a MEA professional designation following a member’s name.
A Senior Business Analyst (SBA), a title conferred by the International Society of Business Analysts, displays the credential of 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. An MEA member is only authorized to analyze and consult concerning a machinery and equipment appraisal.
Make sure you’re dealing with a CMEA when having your machinery or equipment appraised.
By: John Harris