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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.

The UAA Model Rules have no immediate effect on state board rules. As the membership organization of the 55 U.S. Boards of Accountancy, NASBA, through its Uniform Accountancy Act Committee, provides the Model Rules as recommendations to boards for adoption whereby uniform adoption is encouraged. As such, each individual board may consider the amendment to the Model Rule 5-7 and, if so choose, commence a process to change the rules at the state level. Current Exam candidates remain under existing rules until, if and when, the board to which they applied makes changes.

The latest Virginia Board of Accountancy’s newsletter, Accrued Interest, is now available. The winter 2023 issue is filled with news and updates from the last few months. Articles include information tailored to individual licensees, firms and CPA exam candidates.

The winter issue includes information about the current CPA pipeline decline, future of the CPA exam, license renewals, 2023 ethics courses, disciplinary actions and much more.

The newsletter remains one of the VBOA’s central sources of communicating to the accounting professionals. The VBOA distributes Accrued Interest twice each year, in the summer and in the winter.

Contact Kelli Anderson, VBOA Communications Manager, at kelli.anderson@boa.virginia.gov or at (804) 367-1586 with any comments and suggestions.

Do not forget to look back at the VBOA’s previous newsletters.

Beginning Feb. 1, 2023, CPAs can begin meeting the annual ethics CPE requirement. Approved courses of the VBOA-approved ethics course are posted on the website at https://boa.virginia.gov/individual-cpas/cpe/vboa-approved-ethics-course/approved-ethics-courses-and-providers-2023/.

The VBOA pre-approves all providers and courses to meet the 2023 ethics requirement. It is the CPAs responsibility to choose an ethics course from a VBOA-approved provider.

Courses and providers will continue to be approved and posted on the VBOA website throughout 2023.

Providers and CPAs can review the frequently asked questions page about the ethics format along with questions about the application process for new providers.

Providers interested in offering a 2023 VBOA-approved ethics course can apply online at https://boa.virginia.gov/individual-cpas/cpe/vboa-approved-ethics-course/approved-ethics-courses-and-providers-2023/.

During the Monday, Jan. 9, 2023, meeting, the Board reviewed and approved changes to the following policy:

• Policy #9: Inactive Status Procedure for Approval/Denial/Appeal

These changes will be effective starting on March 27, 2023.

Questions or comments regarding updates to the policy can be directed to VBOA Communications Manager Kelli Anderson at (804) 367-1586 or at kelli.anderson@boa.virginia.gov.

The Virginia Board of Accountancy’s newsletter, Accrued Interest, is now available online. The summer 2022 issue is filled with news and updates from the last few months. Articles include information tailored to individual licensees, firms and CPA exam candidates.

The summer issue includes information about protecting the public through enforcement, new Board members, CPA Evolution transition, Saunders being named national Vice Chair, disciplinary actions and much more.

The newsletter remains one of the VBOA’s central sources of communicating to the accounting professionals. The VBOA distributes Accrued Interest twice each year, in the summer and in the winter.

Contact Kelli Anderson, VBOA Communications Manager, at kelli.anderson@boa.virginia.gov or at (804) 367-1586 with any comments and suggestions.

Also, please do not forget to look back at the VBOA’s previous newsletters.