The American Institute of CPAs, the American Society of Appraisers and the Royal Institution of Chartered Surveyors announced that people who earn a living valuing patents, trademarks and customer relationships for companies, will soon be able to get a new credential attesting to their expertise. Unlike accounting professionals, who must qualify as certified public accountants, valuation experts have long lacked a similar unified credential.

The new standard could either force some to drop out of the business or change their approach to comply with best practices, according to Myron Marcinkowski, who was among the 40 experts who worked on creating the standard since 2013.

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