Virginia Board of Accountancy | CPE for CPAs

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This page helps Virginia CPAs clearly understand their CPE, ethics, and renewal requirements while showing how to meet those obligations efficiently, reduce compliance risk, and maintain an active license with confidence throughout every stage of their career.

Virginia Board of Accountancy: Key Takeaways

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Virginia Board of Accountancy: Setting the Benchmark for Professional Excellence in Accounting

Founded in 1910, the Virginia Board of Accountancy is the guardian of the accounting profession in the Commonwealth of Virginia. It ensures that CPAs and public accounting firms in the state meet the highest standards of competence and integrity. It protects the public and reinforces trust in financial reporting through licensing, compliance monitoring, and promoting accountability among CPAs and CPA firms.

Whether you’re a licensed Virginia CPA or one with a license in another state, this page will help you gain a deep understanding of the CPE-related rules and regulations of the Virginia Board of Accountants.

With this knowledge, you’ll efficiently meet your Virginia CPE requirements and experience a smooth Virginia CPA license renewal.

Virginia Board of Accountants: CPE Requirements for Active CPAs

The Virginia State Board of Accountancy has an annual license renewal period, which ends on June 30. It has a rolling three-year CPE reporting period that runs from January 1 to December 31. However, the Board has a grace period till January 31 to get CPE for the last calendar year.

As an active CPA, you need to meet these Virginia CPE credit requirements.

• In the calendar year of your initial license, you don’t need to meet any Virginia CPA education requirements related to CPE.
• Then you need to obtain 120 credits during each three-year reporting period, with minimum 20 credits every year.
• You must earn two credits in Virginia-specific ethics each year (as part of the annual requirement) to fulfill Virginia CPA ethics requirements.
• If you release or authorize somebody to release reports on compilation services, financial statement preparation services, or attest services, you must get eight credits in Attest or Compilation services every year (included in your total annual credits).

Virginia State Board of Accountancy: CPE Requirements for License Applicants

If you’re applying for the initial license, follow these guidelines set forth by the Virginia Board of Accountancy.

• No CPE requirements apply to you during the calendar year of passing the Uniform CPA Exam.
• In the first year after passing the exam, you need to complete 40 hours, including two hours in Virginia-specific ethics.
• In the second and third years after passing the exam, you must obtain 80 and 120 credits, respectively. These annual requirements also include two credits in state-specific ethics.

Note that the fulfillment of Virginia CPA experience requirements doesn’t count as CPE hours, as they’re completely separate things.

Virginia CPE Requirements for Other Virginia CPAs

If your license is in inactive status, has expired, or you’ve voluntarily surrendered it, you need to meet these requirements to reinstate it.

• You’ve to complete 120 hours during the current calendar year.
• Two of these hours must be in Virginia-specific ethics.

Virginia CPE Credit Requirements for CPAs Looking for Reciprocity

If you have an active CPA license in another state and Virginia isn’t your primary place of business, you can apply for CPE reciprocity. In that case, you need to meet these requirements.

• Meet your home state’s CPE requirements.
• Either complete an ethics course recognized by the board of accountancy of your home state or complete at least two hours in ethics that meet Virginia CPE ethics requirements.

Virginia CPA License Renewal: Other Essential Things to Remember

• The Virginia Board of Accountancy doesn’t pre-qualify CPE courses, CPE providers, or maintain agreements with them. It accepts CPE credits earned by completing programs offered by providers listed in NASBA’s National Registry of CPE Sponsors. Therefore, it is best to join such providers to fulfill Virginia CPE credit requirements. You can search the Registry using a sponsor’s name to verify its credentials. For instance, to see our details, you can use this link.
• If you’re selected for a CPE audit, you need to use the CPE Audit Service to submit the records and documentation of your CPE to the Virginia Board of Accountants. This free system also allows you to store and keep track of all your CPE records in a centralized location.

Who Does the Virginia Board of Accountancy Help?

The Board helps:

• CPA candidates develop a clear understanding of exam applications and licensing processes.
• Active CPAs get clear pathways to stay compliant with Virginia CPE requirements and Virginia CPA license renewal.
• CPA firms operate with integrity and meet statutory requirements.
• The public by ensuring that CPAs are ethical, competent, and trustworthy.

What Problems Does the Virginia Board of Accountants Solve?

The Virginia State Board of Accountancy helps solve several key problems, including:

• Ensuring that only qualified candidates obtain CPA licenses.
• Keeping CPAs up-to-date with the ever-evolving accounting standards by establishing strict Virginia CPE credit requirements.
• Ensuring ethical accounting practices through the investigation of complaints and the enforcement of disciplinary actions in the event of misconduct.

When Does the Information About the Virginia State Board of Accountancy Apply?

The information about the rules and regulations of the VBOA applies to every stage of your career as a CPA.

• Before licensure, you need this information for exam applications and initial licensing.
• During practice, this information helps you fulfill Virginia CPE requirements and maintain your license’s active status through annual renewals.

Where Does This Information Apply?

Primarily, the information applies to the Commonwealth of Virginia, as the Virginia Board of Accountants is the regulatory authority for CPAs and CPA firms licensed to practice here.

Additionally, its standards align with the national CPA requirements. This makes the Board’s rules and regulations applicable to CPAs wanting to engage in interstate practice or move across states.

Why Should You Prioritize the Information Regarding Virginia CPE Requirements?

You need to prioritize this information because:

• It helps you maintain compliance, which ensures professional credibility, career growth, and protection against disciplinary actions.
• For CPA firms, proper registration and continuing oversight help maintain client trust and reputation.

How Can the Above Problems Be Solved Using the Information?

Here are the ways to put this information to good use:

• Use the official portal of the Virginia State Board of Accountancy to apply for licensure.
• Choose CPE sponsors from the National Registry and complete the appropriate programs to meet Virginia CPE ethics requirements and other objectives as per your professional requirements.
• Follow the Board’s guidelines in the event of an audit to uphold accountability and protect public interests.

Conclusion

The Virginia Board of Accountancy is a pillar of trust in the state’s financial landscape. It ensures that CPAs and CPA firms stay ethical, competent, and accountable. It also upholds the values of transparency and integrity that are essential to the accounting profession.

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