CPE Requirements Virginia
Virginia
License Renewal Date
30th of assigned month annually
CPE Reporting Period
1/1 to 12/31 over a three-year rolling period
General Requirement
120 hours, with a minimum of 20 hours each year; 120 hours are prorated for CPAs working in private industry until the reporting period ending 2011
Ethics Requirement
2 hours per year, relating to standards of conduct, Code of Virginia statutes relating to public accountancy and Board’s regulations.
Other Subject Area Requirements
None
Credit Limitations
* The maximum credit for instructors is 30 hours every 3 years, without any repetitions. A CPE certificate holder who instructs courses that qualify for CPE credit for participants will be awarded two additional CPE credits for each CPE credit of instruction.
* Credit for authorship/published materials is granted on a case-by-case basis.
* Half credits are allowed after the first hour.
* University or college courses: One semester hour equals 15 CPE hours; one quarter hour equals 10 CPE hours.
* Self-study is allowed full credit if interactive; 1/2 credit otherwise.
Other State Policies
* CPE from providers registered with NASBA’s National Registry of CPE Sponsors and Quality Assurance Service (QAS) are accepted.
* Virginia allows a 30 day grace period at the beginning of the year to carry back credit to the previous year
Non-Residency Licensees Requirement
A CPA holding a currently valid CPA certificate from a state in which he has his principal office is not required to meet the Board’s CPE requirements so long as that state has a CPE requirement of at least 120 CPE credits during a three-year reporting period. Click here for a list of states considered to be substantially equivalent.