The definitive standard for AI-assisted business valuation
The NAVIS Computational Valuation Standard (NAVIS CVS) establishes the minimum requirements for AI-assisted Calculation of Value engagements involving privately held businesses. It governs methodology selection, independent model validation, audit chain integrity, schema validation, report formatting, and platform certification.
The NAVIS CVS is designed to be complementary to SSVS. Reports produced under the NAVIS CVS constitute Calculations of Value under SSVS, with additional AI-specific requirements that existing standards do not address.
Download the NAVIS CVS (PDF) Effective March 15, 2026
Defines the scope of the NAVIS CVS as governing AI-assisted Calculation of Value engagements for privately held businesses. Establishes that the standard applies to platform-generated reports, not traditional human appraisals.
Provides precise definitions for key terms used throughout the standard, including Calculation of Value, Certified Platform, Independent Model Validation, and Audit Chain. Ensures consistent interpretation and application of all requirements.
Requires that every AI-generated valuation undergo validation by an independent computational model. The validating model must use a distinct methodology or data pathway from the primary model to ensure genuine independence.
Specifies the acceptable valuation methodologies and the criteria for methodology selection. Requires platforms to document the rationale for methodology selection and any adjustments applied during the valuation process.
Mandates a complete, immutable audit chain for every valuation engagement. Every input, computation step, model decision, and output must be logged and reproducible from the audit record alone.
Defines the required structure and content of NAVIS CVS-compliant valuation reports. Establishes schema validation requirements to ensure reports contain all mandatory sections, disclosures, and certifications.
Establishes the requirements that platforms must satisfy to receive and maintain NAVIS certification. Covers technical review, compliance demonstration, and ongoing attestation obligations.
Requires certified platforms to make specific disclosures in every report, including the AI models used, data sources consulted, limitations of the analysis, and the platform's certification status. Ensures end users understand the nature and limitations of AI-assisted valuations.
Describes the process for monitoring platform compliance, investigating potential violations, and revoking certification. Establishes the conditions under which a platform's certification may be suspended or revoked.