Virginia

BOARD INFORMATION FOR REFERRALS:

Virginia Board for Accountancy
3600 West Broad Street, Suite 696
Richmond, VA 23230
Phone: (804) 367- 8505
Fax: (804) 367- 2174
Website: www.boa.state.va.us

DO PES COURSES QUALIFY FOR CPE IN THE STATE OF VIRGINIA? YES

The board does not require specific sponsorship approval for courses or providers. Virginia will recognize courses from NASBA sponsors. PES is a registered member of NASBA and has issued credits in Virginia without any problems.

LICENSE RENEWAL INFORMATION:

• CPAs in public accounting: 120 hours of CPE every 3 years with a minimum of 20 hours per year. (this is a "rolling calendar" - meaning that every annual registration period, the licensee must show 120 hours of CPE completed during the past 3 year period.)
• CPAs not in public accounting: (i) for the 3 year reporting period beginning 1/1/2003, a minimum of 45 CPE credits with a minimum of 10 CPE credits per year, (ii) for the 3 year reporting period beginning 1/1/2006, a minimum of 90 CPE credits with a minimum of 15 CPE credits per year, and (iii) for the 3 year reporting period beginning on or after 1/1/2009, a minimum of 120 CPE credits with a minimum of 20 CPE credits per year.
• Ethics Requirement: 2 CPE credits annually relating to standards of professional conduct. This course must be updated each year by the CPE provider to reflect the current Board ethics outline. PES course #4225: Ethics and Standards of Conduct for Virginia CPAs fulfills this requirement and is updated annually to meet the board's expectations.

LICENSE EXPIRATION INFORMATION:

• Annually January 1 - December 31.

CPE COMPLETION DUE BY:

• CPE must be completed prior to renewal period.

SELF STUDY CREDIT HOURS:

Credits granted for PES courses are based on the AICPA and NASBA (National Association of State Boards of Accountancy) statement of standards which grant 1 CPE credit for every 50-minutes of study time.

MAXIMUM ALLOWABLE SELF STUDY CREDITS: 100%

ACCEPTABLE AREAS OF STUDY:

Regulations state: The CPA certificate holder may choose the areas of study and courses.

If you have any questions regarding your CPE requirements, please call PES at 1-800-990-2731 or your State board. Updated 4/10/2008.

(PLEASE NOTE: Since state board regulations are constantly changing, the information contained here is deemed reliable however it is not guaranteed. We encourage you to contact your state board to answer any questions and confirm or clarify any requirements listed here.)

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