The Virginia Board of Accountancy (VBOA) announced a major update involving individual and firm licenses and their expiration date. The Virginia Society of CPAs (VSCPA) and the VBOA have agreed that this change requires an update to the 2017 Virginia-specific Ethics course. To that end, the VSCPA is working diligently to incorporate the change as quickly as possible into the course.
On Friday, July 7, you will receive a new PowerPoint that will include a new introductory video with an explanation of the change that takes place on July 1, 2017. Additionally, you will also receive a one-page handout that should be given to your CPE takers in addition to the current manual. We also recommend that you reach out to your previous Ethics takers who have taken classes prior to this change to make them aware.
Starting July 1, 2017, the additional 12-month period for late renewals ends. Unrenewed licensees will automatically go into Expired status the day after the renewal is due.