Beginning on Feb. 1, 2021, a new ethics format will allow CPAs to take a variety of different courses and topics to meet the CPE ethics requirement, as long as it is taken from a VBOA-approved provider.
The two-hour annual CPE requirement will remain the same. All licensees (excluding those approved for the Inactive status) will still complete a VBOA-approved ethics course that complies with VBOA regulation 18VAC5-22-90.
However, CPAs will have a choice of the ethics course they can take to meet the two-hour ethics course CPE requirement. CPAs can take an ethics course that is specific to their line of work or something they prefer.
Every ethics course must be pre-approved by the VBOA and include the 2021 VBOA Segment, a 12-minute video, added to all approved ethics courses.
The VBOA will continue to approve all providers and courses ahead of time and it will be the CPA’s responsibility to choose an ethics course from a VBOA-approved provider. Providers must submit their ethics course with the VBOA Segment for approval by submitting their course and approval request to the VBOA. Only approved courses will meet the 2021 Virginia ethics requirement.
This new format will allow providers to create a course of their choosing. However, the backbone of the course must be focused on ethics but can be presented in a variety of ways and topics.
Please note: The VBOA does not require Virginia licensees to gain CPE from NASBA-approved providers; however, we encourage all providers to follow and be aware of NASBA CPE provider standards.
To become a provider of the 2021 course, there are two steps to the application process.
- First, complete the VBOA-approved ethics course provider application and agreement and include all required files/attachments. Once submitted, the VBOA will review the application. Once approved, the VBOA will provide first-round approval through email.
Then, the VBOA Segment, written script and a helpful reference guide will be provided. The VBOA Segment is an approximate 12-minute video that must be integrated into the beginning of the ethics course.
- Second, to make sure the VBOA Segment is integrated into the beginning of the course properly, the provider will need to send the VBOA the entire course in the format it will be presented to course participants. The VBOA will quickly review the entire course to verify the VBOA Segment is correctly placed at the beginning of the course.
This is the second-round confirmation. After the second-round confirmation, the VBOA will send notification via email that the provider is officially approved for the 2021 VBOA-approved ethics course and course and contact information will be posted on the VBOA website.