Author: Kelli Yoder

Dates in bold are especially relevant if you intend to sit for Business Environment and Concepts (BEC) before it is phased out.

During its Aug. 29 meeting, the VBOA approved that:

• All exam credits active as of Dec. 15 will have a lifespan of at least 30 months.
• Exam credits earned after Jan. 9, 2024, will have a lifespan of 30 months (2.5 years) that begins on the score release date.

Please note: Candidates will not see their new expiration date reflected in their NASBA Candidate Portal until the new exam is implemented in January of 2024.

The 30-month credit approval will be combined with the previous VBOA credit extension to June 30, 2025, as follows:

The board voted to suspend the fees associated with processing re-exam requests during the transition to the new version of the CPA exam known as CPA Evolution.

The suspension began Sept. 1 and will last until at least March 31, 2024, at which time the fee will be revisited.

The re-exam fees were $20 for each application (sometimes called a “payment coupon request”) scheduled after the initial exam application.

The latest issue of Accrued Interest is out now. Check it out for details on:

• Important dates for the CPA Exam transition
• The four Virginia winners of the prestigious Sells Award
• The well-attended March VBOA meeting at Hampton University

Accrued Interest is published twice yearly in the winter and summer and is one of our primary sources for communicating to accounting professionals including individual licensees, firms and CPA exam candidates.

Share any questions or content ideas with Kelli Yoder, the Virginia Board of Accountancy communications coordinator: kelli.yoder@boa.virginia.gov or (804) 367-1586 .

You can find all of the VBOA’s previous newsletters here >>.

NASBA has scheduled a candidate portal system outage from 11 a.m. ET on Aug. 24 until 9 a.m. ET on Aug. 29 in preparation for the new CPA Exam. As a result, during that period VBOA’s candidate portal will not be available.

How will this impact you?

If you are scheduled to sit for the exam during that time:

You will need to print and/or download your notice to schedule (NTS) before the outage. Without it, you cannot test. (Login here to print your NTS now.)

If you are part of the Aug. 23 score release and want to schedule a re-exam before the systems are back online Aug. 29, keep the following in mind:

• It is important that you wait until after 8 a.m. ET Aug. 23 to submit your request for re-exam. The VBOA receives scores at 8 a.m. ET on scheduled release days. If you submit your request before we have your scores, the request will not process.
• We cannot expedite payment coupon requests. But to help as many candidates as possible obtain a new testing document before the outage, we plan to process re-exam requests hourly Aug. 23 and before 11 a.m. Aug. 24. If we have not received your request by this time you will have to wait until Aug. 29 to apply for re-exam.
• If you want an NTS prior to the Aug. 24 cutoff, you must log into your candidate portal and make the required payment for the requested payment coupon as soon as it becomes available.

We apologize for any inconvenience.