Membership Qualification Examination

See the registration form below.

The Membership Qualification Examination (MQE) is written after the completion of the Institute’s Program of Studies.

The MQE tests a candidate’s competency in the area of competency and understanding of all aspects of business valuation and related disciplines.  All content from Level I (Introductory Business Valuation), Level II (Intermediate Business Valuation), Level III (Advanced Business Valuation) and Level IV (Special Topics in Business Valuation) is testable on the MQE.

Date of 2020 MQE – Wednesday, September 30, 2020 (4 hours duration)

The examination fee for the 2020 MQE is $1,370.  A surcharge of $205 is applicable to candidates writing outside of Canada and the USA.  Payment of this fee is made on application to write the MQE.

Registration open – March 06, 2020

Registration Deadline – Registrations to write the 2020 MQE will not be accepted after May 31,2020 with the exception of those students writing their last exam in the 2020 Summer Term

For CFA Level III candidates who are writing their CFA Level III exam in June, are planning to use their successful completion of the CFA Program to apply for exemption from the CICBV’s two elective courses requirement, and wish to write the MQE in the same year, please contact Isabel Natale before June 19, 2020 at

Qualification to write the MQE

The Institute’s Program of Studies must be completed prior to being able to register to write the MQE.

Further, in order to be eligible to write the MQE, a candidate must have a degree from a post-secondary academic Institution or University. This degree requirement will be waived for an individual who holds a Canadian designation of Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), Certified General Accountant (CGA), Chartered Accountant (CA) or Chartered Professional Accountant (CPA).


Registration to write the MQE is online via the CICBV website.

MQE Study Material

Once you apply to write the MQE, you will automatically have online access to the 10 most recent MQEs and suggested solutions. In addition, you will have online access to the current four mandatory course notes. Such access is only for your use for study purposes.

Competencies Tested

There are eight general competency areas on which candidates may be tested:

  1. Value Terms and Principles
  2. Valuation Methods
  3. The Valuation or Litigation Support Assignment
  4. Professional Conduct
  5. Specific Issues Encountered in Valuation or Litigation Support Assigments
  6. The Law Relevant to Valuation and Litigation Support
  7. Taxation Issues Relevant to Valuation and Litigation Support
  8. Professional Competence Skills

Please refer to the Membership Qualification Examination Competence Framework for more details.


MQE registrations that are cancelled before July 31, 2020 will be eligible for a refund of the registration fee, less the retention of a cancellation fee of $ 175.  No refund will be made for cancellations after July 31, 2020.   MQE registrations which are cancelled after July 31, 2020 will not be eligible for a refund, nor will the fees be carried over to a subsequent year.

Accommodations for Disabilities

Please see the Institute’s policy for Accommodations for Registered Students and MQE Candidates With Disability.   Applications for such accommodations must be received by the Director of Education by July 1, 2020.

For further information, please contact Christine Sawchuk, Director of Education, at 416-613-9551 (

MQE Process

  1. The CICBV Accreditation Committee oversees the development of the MQE.  MQE questions are developed by CBVs to meet the assessment requirements outline in the Membership Qualification Examination Competence Framework.
  2. MQE question papers are available in both French and English and candidates may respond using either language.
  3. Examination Centres are administered by York University, and their designates.
  4. To maintain anonymity during the marking process, the only identification that candidates may use is their assigned candidate number.  Candidate numbers swill be sent by the Institute in advance of the MQE.
  5. The examinations are marked by CBVs.
  6. A minimum mark of 60% is required to pass the MQE.
  7. The CICBV Board of Directors approves the results of MQE. Candidates will be notified as to when marks will be available by mid December.  A candidate’s MQE marks will be posted in the “Marks” section of the Student profile on the CICBV website.

MQE Appeals

Candidates who are not successful on the MQE may request an appeal of their examination results within 30 days of receiving their mark. Please see the Membership Qualification Examination Appeal Process policy for more details.

Please contact Judy Justice at or (416) 977-1117, extension 220, to file an appeal.

Academic Honesty

Registered Students and MQE Candidates have an obligation to maintain the highest standards of academic honesty. Academic honesty requires that persons do not cheat by attempting to gain an improper advantage in an academic evaluation. 

Suspected breaches of academic honesty will be investigated by the Institute and/or its designate, in accordance with the Academic Honesty policy of the Institute, and/or the rules and regulations of the university acting as the Institute’s designate.

The Institute’s current designate is York University. To see York University’s policy on Academic Honesty, please click on this link:

For greater clarity, please refer to the CICBV’s Academic Honesty and Examination Rules policies here:

Number of MQE Attempts

A candidate may write the MQE a maximum of three times. If a candidate fails the MQE three times, he/she must retake the four mandatory courses (Level I, Level II, Level III, and Level IV). Upon successful completion of the four mandatory courses, the candidate may write the MQE an additional three times. Please see the Administration of MQE policy for more details.

Future MQE dates

Wednesday, September 30, 2020

If you have any questions regarding the MQE application process, please contact Isabel Natale at 416-613-9555 (

For more information please see Become a CBV.

Please contact Judy Justice at or (416) 977-1117, extension 220, to file an appeal.

You do not currently meet the requirements for MQE. See above for requirements.