About AIRA

The Association of Insolvency and Restructuring Advisors (AIRA) is a nonprofit professional association serving financial advisors, accountants, crisis managers, business turnaround consultants, lenders, investment bankers, attorneys, trustees and other individuals involved in the fields of business turnaround, restructuring, bankruptcy and insolvency.

MISSION & OBJECTIVES
The mission of AIRA is to:

• Unite and support professionals providing business turnaround, restructuring and bankruptcy services; and
• Develop, promote and maintain professional standards of practice, including a professional certification program

Seven key objectives are set forth by the Board of Directors in AIRA’s bylaws:

• To aid members in developing competency in their practice areas
• To provide training for members entering into and continuing in their practice areas
• To develop and maintain standards of professional competency
• To develop and promulgate ethical standards of practice
• To develop and promulgate financial reporting standards
• To define and develop roles and responsibilities of financial advisors under the Bankruptcy Code
• To encourage cooperation among professionals with similar interests

EDUCATION

Objective—To provide top-quality professional education programs for members and other professionals and to accurately record and make notification of credit earned for continuing professional and legal education.

Offerings include:

• Annual Bankruptcy and Restructuring Conference—four-day intensive event dealing with current issues in turnaround, legal, tax, accounting, and financial areas, designed to include many networking events and social activities
• Advanced Plan of Reorganization Conference (POR)—regional one-day conferences on current developments, held in New York City
• Regional Conferences – One-day conferences on current development topics and trends held in Chicago, Los Angeles and other locations.
• VALCON—annual in-depth conference on valuation fundamentals and technical valuation issues co-sponsored by AIRA and ABI.
• Webinars—live, online expert presentations with Q & A sessions
• Self Study Courses—on a variety of topics providing opportunities to earn CPE credit

CERTIFICATION

Objective—To develop and carefully administer two stringent certification programs including written examinations, an educational system covering a common body of knowledge, and extensive relevant experience.

• Certified Insolvency and Restructuring Advisor (CIRA)—developed to recognize professionals that demonstrate a high level of competency through completion of a course of study, examination and comprehensive relevant experience.
• Certificate in Distressed Business Valuation (CDBV) —a specialized certification program designed to train and accredit professionals whose work includes valuation of underperforming assets, including distressed and/or bankrupt companies

 

INFORMATION

Objective—To provide accurate and timely information to apprise members of professional developments, important events and resources; also, to carefully maintain and protect data pertaining to member records, professional education and certification requirements, and transactions with AIRA

• AIRA Journal—bi-monthly professional publication of articles and technical updates, plus information on Association events and news
• Membership Directory—annual publication of current AIRA members
• CIRA & CDBV Directory—annual publication of current  CIRAs and CDBVs
• AIRA Weekly Advisor—weekly email updates on upcoming events and valuable resources
• Website—complete online access to AIRA information, upcoming events, registration, file updates, course and conference descriptions, and much more, at www.aira.org
• Technical Support—a committee of recognized specialists to answer  members’ questions on bankruptcy, insolvency and restructuring issues

Member Benefits & Opportunities

History of AIRA

Helpful Links