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What is the CTA?
The Certified Turnaround Analyst (CTA) is a knowledge based certification designed for junior associates who are working toward their CTP, or for non-practitioners looking to equip themselves with the skills essential for corporate renewal work. CTAs: Meet both the educational and professional...
What is the CTP?
The Certified Turnaround Professional (CTP) is intended for seasoned practitioners. CTPs: Have a proven track record and years of experience in working with companies or large business units that are in financial crisis Must be or must have held positions such as, but not limited to, Chief...
Why should I apply for the CTA or CTP?
The CTP and CTA designation is a signal to clients, judges, and referral sources that a person has both demonstrated technical proficiency over course material vital to the turnaround profession and possess significant experience leading restructurings. In addition, TMA is developing programs to...
How long will my certification be valid?
Your certification is valid as long as you continue to meet the requirements: Remain active as a professional Abide by the TMA Code of Ethics Complete at least 30 hours for CTPs and 20 hours for CTAs of continuing professional education during two-year periods, including two hours of ethics credit
I don't have the required experience. Can I still get certified?
If you are working in the corporate renewal profession and have acquired some, but not all, of the necessary work experience, you are encouraged to pursue the CTA certification. This interim step to full certification indicates that the candidate has demonstrated proficiency in the legal,...
Are there deadlines for the application?
Applications are reviewed the second week of each month. If you wish to be reviewed, you must submit your application materials by the first of the month.
How do I complete the application?
The application may be completed via an online electronic form or you may print and submit via e-mail to certification@turnaround.org . If you are applying for the CTA, you must submit: CTA Application for certification Three Confidential Professional Reference forms $295 non-refundable application...
What is the process of approval of the CTA and CTP?
Each month the Standards Subcommittee, a sub-section of the Certification Oversight Committee, reviews and discusses applications. A quorum is required to vote for an accepted or denied application (or if there's a need for additional information from a candidate).
What is the format of the certification exam?
Each of the exams is administered electronically through TMA's web-based platform and administered by an online live proctor. Each exam consists of 100 multiple-choice questions. The total testing time is 2.5 hours (150 minutes) for Accounting and Finance and Legal Principles, and 3.5 hours (210...
How many questions will be on the exam?
Each exam is 100 multiple-choice questions sampled randomly from TMA's question banks.
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