Expanding on NASBA’s Credit Relief Initiative (CRI), the Virginia Board of Accountancy approved credit relief for those who had a credit that expired or will expire between January of 2020 and Nov. 30, 2023, and were not replaced with a new passing score.
The board also voted that there will be no refunds issued of any past payments or unused testing documents.
You can see the new expiration dates in the table below:
|Month and year credits earned||Original expiration date||New expiration with VBOA credit relief|
|July ‘18 – Dec. ‘18||Jan. ‘20 – June ‘20||6/30/2025|
|Jan. ‘19 – Dec. ‘19||July ‘20 – June ‘21||6/30/2025|
|Jan. ‘20 – Dec. ‘20||July ‘21 – June ‘22||6/30/2025|
|Jan. ‘21 – Oct. ‘21||July ‘22 – April ‘23||6/30/2025|
|Nov. ‘21 – May ‘22*||May ‘23 – Nov. ‘23||6/30/2025|
*Expiration dates for credits earned after May 2022 and benefiting from the VBOA 30-month credit extension can be found here.
Who does this impact and how?
This initiative impacts anyone who earned a credit between July 1, 2018, and May 31, 2022. Those credits will now expire June 30, 2025. If the credits were already expired, they will first be reinstated.
If I want to reinstate an expired credit covered by this initiative, what do I need to do?
Nothing. If your credits are eligible, you will see those credits reflected in your NASBA candidate portal on or about Nov. 15.
When will my records be updated to reflect the extension?
On or about Nov. 15.
I already transferred to another jurisdiction which did not adopt the credit relief initiative. Can I transfer my credits back to Virginia?
Boards do not transfer or accept expired credits. You are subject to the rules and requirements of the board you are currently a candidate of.
How does the VBOA’s credit relief differ from that of other boards?
The NASBA recommendation left a gap, only reinstating credits earned Jan. 1, 2020, through May 11, 2023. The VBOA voted to also include people with credits that have expired or will expire between May 12, 2023, and Nov. 30, 2023, bridging this initiative with the 30-month credit extension. Some boards haven’t passed any credit relief, while other boards are accepting extensions on a case-by-case basis. The VBOA is reinstating these credits all at the same time. The VBOA will not offer refunds of any past payments or unused testing documents.