| Fees
and Refunds |
Registration
fee for each part is $650. The fee for government employees
is $275. Fee to retake any part is $200.
A full refund (if materials
sent to you in advance of the course are returned) or credit
will be made for parts that are canceled 10 business days
before the part begins. For parts canceled with less than
10 business days notice a $75 service charge per part will
apply. For parts canceled with 3 or less business days notice,
a $150 service charge per part will apply.
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| Continuing
Education Requirements |
Participants
may receive 20 hours of CPE credits for each part. In accordance
with the standards of the National Registry of CPE Sponsors,
CPE credits have been granted based on a 50 minute hour.
To maintain your certification, you are required to complete
60 hours (20 hours per year) of continuing professional
education (CPE) credits related to turnaround, restructuring
and bankruptcy within each successive three-year period.
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| Complaint
Resolution Policy |
For
more information regarding administrative policies, such
as complaint and refund, please contact AIRA's office or Grant Newton, Executive Director at: 541.858.1665
|
| National
Registry of CPE Sponsors |
"Association
of Insolvency and Restructuring Advisors" is registered
with the National Association of State Boards of Accountancy
(NASBA) as a sponsor of continuing professional education
on the National Registry of CPE Sponsors. State boards of
accountancy have final authority on the acceptance of individual
courses for CPE credit. Complaints regarding registered
sponsors may be addressed to the National Registry of CPE
Sponsors, 150 Fourth Avenue North, Suite 700, Nashville,
TN, 37219-2417. Web site: www.nasba.org.
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|
Improve Your Competence and Gain Recognition.
Become a Certified Insolvency and Restructuring Advisor.
Rendering financial advisory
service in the business turnaround, restructuring and bankruptcy
practice areas requires both special knowledge and relevant
experience. In 1992 AIRA established the Certified Insolvency
and Restructuring Advisor program to recognize those professionals
that demonstrate a high level of competency through not only
the completion of a course of study and examination but by providing
evidence of comprehensive experience.
To recognize by public awareness
and by certification those individuals who possess a high degree
of specialized, professional financial and operational expertise
in the area of distressed and insolvent businesses. Such expertise
includes accounting, operational, managerial strategies, taxation
and finance issues related to business bankruptcy and insolvency.
After successfully completing these courses and the examinations you will be able to:
- Render professional services for debtors, trustees, creditors’ committees, individual creditors or equity holders, and other interested parties in Chapter 11 bankruptcy proceedings and out of court workouts
- Apply the provisions in the bankruptcy code relevant to the financial services performed
- Categorize business failures according underlying causes
- Perform analysis for preferences and fraudulent transfer recovery
- Prepare financial information to be included in Chapter 11 and out of court plans
- Prepare applications for retention and petitions for fee allowance required in bankruptcy proceedings
- Prepare financial statements according to provisions of SOP 90-7
- File operating reports required by the U.S. Trustee’s office
- Identify tax issues that should be addressed in chapter 11 proceedings and out of court workouts
Prerequisits for program enrollement
1. Be a regular member of AIRA in good standing.
2. Possess
(at least) a bachelor's degree from an accredited college
or university.
Requirements for certification
1.
Completion of five years of accounting or financial experience.
Relevant experience includes public accounting, crisis management,
consulting, investment banking, credit management, loan workout
or applicable government experience (e.g. financial analyst
with Office of the U.S. Trustee, Pension Benefit Guarantee
Corporation, FBI and SBA, etc.)
2. Completion
of 4,000 hours, within an eight year period ending no earlier
than the exam completion date, of specialized distressed businesses,
restructuring and insolvency experience.
3. Completion
of the course of study and the passing of the uniform written
examination.
4. Pledging
of oath regarding professional standards.
5. Three
letters of reference (excluding your current employer
or other members of your firm) attesting to your character,
professional experience, and specialized expertise.
Advance Preparation
The study course, one for each part, will involve
the advance preparation consisting of reading assignments of
10 to 15 hours and the answering of multiple choice questions
from the course materials for each part. The material for the
various parts of the examination will be mailed one month prior
to the class. Each part consists of a two and one half day course.
A three hour examination will be given on the third day.
- Applicants may register for one or more parts in any series of courses that are offered. It is recommended that Part 1 be taken before Part 2; however, Part 3 may be completed before Part 1 or 2. All three parts must be passed within a period of 3 years.
- A grade of 75 is considered passing. If an applicant fails to pass one ore more part(s) of the examination, the exam(s) may be retaken with the course ($200) or without the course ($75)
Checklist for Course
and Examination Registration
| |
_____ |
License holder as a CPA,
CA, CMA or bachelor's degree. |
| _____ |
Submit enclosed application. |
| _____ |
Submit $650 payment for
each part for which you are registering. |
| _____ |
Be a regular member AIRA in good standing. |
| |
Specialized Business Turnaround,
Restructuring & Bankruptcy Experience
To receive certification, the
applicant must have 4,000 hours of specialized business turnaround,
restructuring and bankruptcy experience within an eight year
period ending no earlier than the exam completion date. Experience
as a financial advisor for a trustee or debtor; creditor or
equity holder committees, or specific creditors or equity holders;
business turnaround specialist, including business receivers
and reorganization management or consultants; bankruptcy trustee;
bankruptcy examiner or accountant for examiner; educator and/or
author of published works in the area of business turnaround,
restructuring and bankruptcy; and expert witness regarding bankruptcy
issues, is applicable.
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CIRA Course & Examination Format ::
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Apply Now ::
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