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100+ Free ABV Practice Questions

Pass your Accredited in Business Valuation (ABV) exam on the first try — instant access, no signup required.

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2026 Statistics

Key Facts: ABV Exam

180

Total Questions

90 per module, 2 modules

6.5 hrs

Total Exam Time

3h 15m per module

Pass/Fail

Scoring Method

Immediate on-screen results

$175-$275

Fee Per Module

Varies by AICPA membership

12 months

Completion Window

Both parts must pass within 12 mo

1,500 hrs

CPA Experience Req.

4,500 hrs for non-CPAs

The ABV exam is a two-part, 180-question computer-based test administered by the AICPA. Each module has 90 multiple-choice questions (78 discrete + 12 case-study-based) and a 3-hour-15-minute time limit. Results are pass/fail, shown on-screen immediately. Candidates need AICPA membership, CPA licensure or a bachelor's degree, 1,500 hours (CPA) or 4,500 hours (non-CPA) of valuation experience, and 75 hours of valuation CPD. Exam fee is $175-$275 per module depending on membership. One retake is included with each purchase.

About the ABV Exam

The Accredited in Business Valuation (ABV) exam is a two-part credential examination administered by the AICPA for CPAs and qualified valuation professionals. Each module contains 90 multiple-choice questions including case studies. Part 1 covers Foundation of Valuation Theory and Part 2 covers Implementation of Valuation Methods. Both parts must be passed within 12 months to earn the ABV credential.

Questions

180 scored questions

Time Limit

3 hours 15 minutes per module (6 hours 30 minutes total)

Passing Score

Pass/Fail (no numerical score disclosed)

Exam Fee

$175-$275 per module (varies by AICPA membership level) (AICPA (American Institute of Certified Public Accountants))

ABV Exam Content Outline

50%

Foundation of Valuation Theory

Professional standards, financial reporting, defining the engagement, sources of economic and industry data, macro-economic and environmental analysis, industry analysis, subject entity analysis

50%

Implementation of Valuation Methods

Valuation approaches (income, market, asset/cost), intellectual property and other intangible assets, discounts, premiums and other adjustments, conclusion of value

How to Pass the ABV Exam

What You Need to Know

  • Passing score: Pass/Fail (no numerical score disclosed)
  • Exam length: 180 questions
  • Time limit: 3 hours 15 minutes per module (6 hours 30 minutes total)
  • Exam fee: $175-$275 per module (varies by AICPA membership level)

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

ABV Study Tips from Top Performers

1Master the three valuation approaches (income, market, asset/cost) and when each is most appropriate
2Understand CAPM, build-up method, and WACC for discount rate derivation — heavily tested in both modules
3Know SSVS No. 1 (AICPA valuation standards) — engagement types, reporting requirements, and professional responsibilities
4Practice case-study questions that require selecting the correct approach for a given scenario
5Review ASC 820 fair value hierarchy levels and their application to business valuation
6Study DLOCs, DLOMs, and control premiums — know the empirical studies and when to apply each

Frequently Asked Questions

What is the ABV exam format?

The ABV exam has two modules, each with 90 multiple-choice questions. Of these, 78 are discrete questions and 12 are case-study-based. Each module has a 3-hour-15-minute time limit (including a 15-minute break). Part 1 covers Foundation of Valuation Theory, and Part 2 covers Implementation of Valuation Methods. Both must be passed within 12 months.

What are the ABV certification requirements?

CPAs need AICPA membership in good standing, a valid CPA license, 1,500 hours of valuation experience (within 5 years), and 75 hours of valuation CPD. Non-CPA valuation professionals need AICPA membership, a bachelor's degree, 4,500 hours of valuation experience, and the same 75 hours of CPD. Both must pass the two-part exam.

How much does the ABV exam cost?

The ABV exam costs $175-$275 per module depending on your AICPA membership level. FVS Section members pay the lowest rate. One retake per module is included with the initial purchase. Exam fees are non-refundable and non-transferable.

Can I take the ABV exam without being a CPA?

Yes. Since 2019, the AICPA opened the ABV credential to qualified valuation professionals who are not CPAs. Non-CPA candidates must hold a bachelor's degree, maintain AICPA membership, and meet the higher experience requirement of 4,500 hours of valuation experience (vs. 1,500 for CPAs).

Is the ABV exam waived for any other credentials?

Yes. The AICPA waives the exam requirement for holders of the ASA (Accredited Senior Appraiser) BV designation, CFA Level III, or the CBV (Chartered Business Valuator) credential from the CBV Institute. All other credential requirements still apply.

How long should I study for the ABV exam?

Most candidates study 150-250 hours total across both modules. The AICPA recommends significant practical experience before sitting for the exam. Focus on the ABV Examination Blueprint, case-study-style questions, and areas like discount rate derivation, valuation approaches, and intangible asset valuation.