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Special Requirements


Educational Requirements:

1.     Each candidate whose application to sit for a CPA exam administered prior to July 1, 2006, shall have received a baccalaureate degree or its equivalent conferred by an accredited college or university as required by § 54.1-4409 B 1 of the Code of Virginia and shall at the time the application is received have completed the following courses at the undergraduate or graduate level to meet the accounting concentration requirement of § 54.1-4409 B 1 of the Code of Virginia:

2.     At least 24 semester hours of accounting including courses covering the subjects of financial accounting, auditing, taxation, and management accounting;

3.     At least 18 semester hours in business courses

 

A candidate whose application is received under the requirements of this subdivision may take the CPA exam so long as the requirements of subsection C of this section are met.

1.     Each candidate whose application to sit for a CPA exam administered on or after July 1, 2006, shall meet the requirements of § 54.1-4409 B 2 of the Code of Virginia and shall at the time the application is received have completed the following courses at the undergraduate or graduate level to meet the accounting concentration requirement of § 54.1-4409 B 2 of the Code of Virginia:

2.     At least 30 semester hours of accounting, including courses covering the subjects of financial accounting, auditing, taxation, and management accounting; and

3.     At least 24 semester hours in business courses (other than the courses described in subdivision 2 a of this subsection).

4.     A quarter hour of coursework shall be considered the equivalent of two-thirds of a semester hour of coursework.

5.     Each candidate with a degree or coursework earned at a nonaccredited college or university shall, if credit for such degree or coursework is to be considered by the board, (i) have his educational credentials evaluated by an academic credentials service approved by the board or an accredited institution, as defined in 18 VAC 5-21-10, to determine the extent to which such credentials are equivalent to the education requirements set forth in subdivisions 1 and 2 of this subsection and (ii) submit such evaluations to the board, which may accept or reject the evaluator’s recommendations in whole or in part.

6.     Evidence of having obtained the required education shall be submitted in the form of official transcripts transmitted in a manner determined by the board. In unusual circumstances, the board may accept other evidence it deems to be substantially equivalent.

 

 CPA Exam:

 

Each candidate shall pass (i) a national uniform CPA exam, as approved by the board, in auditing and attestation, regulation, business environment and concepts, business law and professional responsibilities, accounting and reporting (taxation, managerial, governmental and not-for-profit organizations), financial accounting and reporting, and other such related subject areas as deemed appropriate by the board and (ii) an ethics exam approved by the board. Each part of the CPA exam must be passed by attaining a uniform passing grade established through a psychometrically acceptable standard-setting procedure approved by the board.

 

Experience:

 

Each applicant for initial issuance of a CPA certificate under this section shall provide documentation of having met the experience requirements established by § 54.1-4409 C of the Code of Virginia, which requires at least one year of acceptable experience in accounting or a related field. The experience may include providing any type of service or advice involving the use of accounting, management, financial, tax, or consulting advisory skills or services. Acceptable experience shall include employment in government, industry, academia or public accounting or related services. The applicant’s experience may be supervised by a non-CPA certificate holder, although, when completing the application for the CPA certificate, the experience must be verified by a CPA certificate holder.

 

One year of experience shall consist of full- or part-time employment that extends over a period of no less than a year and no more than three years and includes no fewer than 2,000 hours of performance of services described in subdivision 1 of this subsection.

 

 CPA certificate by endorsement:

 

1.     Each individual who holds a CPA certificate in a state other than Virginia and either (i) has moved his principal place of business to Virginia or (ii) does not meet the substantial equivalency provision outlined in subsection G of this section must obtain a CPA certificate by endorsement prior to practicing as a CPA in Virginia.

2.     Each applicant for a CPA certificate by endorsement shall submit an application, on a form provided by the board, which shall document that the applicant holds a corresponding CPA certificate as a certified public accountant issued after meeting CPA exam and other requirements under laws of the state(s) from which the applicant is seeking a CPA certificate by endorsement.

Required Fees:

A. All fees are nonrefundable and the date of receipt by the board or its agent is the date that will be used to determine whether it is on time.
 
B. The following fees shall apply:
Examination administration fee
$120
Original CPA certificate application
$24
CPA certificate by endorsement application
$24
Registration certificate application
$24
CPA certificate renewal
$24
Registration certificate renewal
$24
CPA certificate late renewal
$25
Registration certificate late renewal
$25
CPA certificate reinstatement
$250
Registration certificate reinstatement
$250
Noninteractive processing fee
$5
If the renewal fee is not received by the board within 30 days after the expiration date printed on the CPA certificate or the registration certificate, the regulant shall pay the renewal and the late renewal fees. Regulants applying for reinstatement shall pay all unpaid renewal fees in addition to the late renewal and the reinstatement fees.
 
C. The late filing fee for CPA certificate holders who fail to complete or report their CPE as required by this chapter shall be:
1. If received by the board up to four months late, $25.
2. If received by the board more than four months late but not more than six months late, $50.
3. If received by the board more than six months late, $75.
 
D. The fee for a replacement wall certificate shall be $25.
 
E. A fee of $25 will be charged in addition to the fees established in this section for submitting a check to the board which is dishonored by the institution upon which it is drawn.
 
F. A non-interactive processing fee will be assessed when online payment option is not chosen by the applicant or regulant.
 
G. The fee for the CPA exam provided for in 18 VAC 5-21-30 C shall consist of the administration fee that will be assessed at the time of initial application for the CPA exam, but not for reexamination. The Board may contract for examination administration services under the provisions of the Virginia Public Procurement Act (§ 2.2-4300 et seq. of the Code of Virginia), and that contract shall not include a fee for those services that exceeds $200.
 
 
Exam Fees
Initial CPA exam applicants are required to pay both an application processing fee and an examination fee. Re-exam CPA exam candidates are not required to pay an application processing fee.
All applicants are required to pay a one-time application processing fee of $120.00 upon submission of the online application.
There is no provision for withdrawing from the examination. Application fees are NOT refundable. Examination fees may be partially refunded under the following extreme circumstances; medical emergency of candidate or candidate’s immediate family, or death in immediate family. Documentation of such circumstances must be submitted along with written request. Applicants who are deemed ineligible may be approved for a refund of examination fees only.
Examination Fees (in addition to the Board’s Administration Fees)
Fee Type
AUD
FAR
REG
BEC
AICPA (Development & Scoring)
95.00
95.00
95.00
95.00
Prometric
111.60
99.20
74.40
62.00
Digital Photograph
5.95
5.95
5.95
5.95
NASBA (Database & Reporting)
18.00
18.00
18.00
18.00
Totaling
$230.55
$218.15
$193.35
$180.95


 

For More Information, Contact:

Board Of Accountancy
3600 West Broad St.
Richmond, VA 23230-4917
Phone: 804.367.8505
http://www.boa.virginia.gov/




The data sources for the information displayed here include: Virginia Career VIEW Research. (Using onet291)

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