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VBOA news

Board proposes changes to policies

November 2015

During the Thursday, Nov. 5, 2015 meeting, the Board reviewed and proposed changes to the following policies:

The Board plans to vote on these changes during the next meeting on Friday, Dec. 11. All current Board policies can be found at here.

Questions or comments regarding updates to these policies can be directed to VBOA Communications Manager Kelli Anderson at (804) 367-1586 or at by Monday, Dec. 7.

Latest issue of VBOA newsletter, Accrued Interest, now available

July 2015

The summer 2015 issue of Accrued Interest, the Virginia Board of Accountancy’s biannual newsletter, is now available to the Virginia CPA community and filled with news and updates from the last few months.

The issue is packed with news related to the Active – CPE Exempt status, 2014 exam performances, CPE Tracking tips, introducing the new VBOA Enforcement Director, Board Disciplinary Actions and much more.

As always, your comments and suggestions are welcomed so feel free to contact Kelli Anderson, VBOA Communications Manager, at or at (804) 367-1586.

Take a look back at all the previous VBOA newsletters.

Virginia Governor appoints two new Board members

July 2015

Gov. Terry McAuliffe announced new appointments on Thursday, July 2, including the naming of two new members to the Virginia Board of Accountancy. D. Brian Carson, CPA, CGMA, of Virginia Beach, and Susan Quaintance Ferguson, CPA, of Harrisonburg, are the latest members to join the seven member board.

Carson is the Chief Financial Officer for Gold Key/PHR Hotels & Resorts. Previously, he was a partner with Goodman & Company (now Dixon Hughes Goodman). For more than a decade, he specialized in corporate financial audits, financial reporting, income tax reporting and financial forecasting. He focused primarily on the timeshare, hospitality, hotel management, commercial real estate and construction industries. He has the distinction of being named the youngest partner at Goodman & Company in more than 40 years.

Ferguson has taught accounting at James Madison University since 2006 and earned the Dean’s Impact Award in 2014-15 for Outstanding Contribution to the College of Business and its Stakeholders. Her previous experience includes work in public accounting and serving as Principal for Susan Q. Ferguson, CPA. She was also on the VSCPA Board of Directors from 2012-15.

Both new members began their four-year term on July 1, 2015. Carson succeeds previous Board member W. Barclay Bradshaw, CPA, and Ferguson succeeds Robert “Bob” J. Cochran, CPA.

Changes to 2015 Virginia-Specific Ethics Course

December 2014

As of April 30, 2014, the Virginia Board of Accountancy approved the Virginia Society of CPAs as the sole provider of the Virginia-Specific Ethics Course content and material beginning with the 2015 course.

Sponsors who are interested in providing the Virginia-Specific Ethics Course must meet the following requirements:

  • Obtain the course contents and materials from the VSCPA
  • Be pre-approved annually by Board staff as a provider of this course
  • Be listed on the Board’s website as an approved provider of this course
  • Submit all course comments to the Board within 60 days of receipt

The Board has also approved that all instructors of the Virginia-Specific Ethics Course must hold an active, in good standing, Virginia CPA license.

Potential sponsors will complete the 2015 Virginia-Specific Ethics Course Sponsor/Provider application certifying the ethics material will be obtained from the VSCPA, provide a list of course instructors and submit it to the VBOA for approval. Once approved, the sponsor will appear on the VBOA website as an approved provider of the Virginia-Specific Ethics Course.

The Board will not accept any Virginia-Specific Ethics Course completed from a non-approved sponsor and the licensee will be penalized for not completing the approved course.

The course must be instructor-led but may be presented in a variety of different formats including, but not limited to, live seminars, conference sessions, online self-study, live webcast and webcast replays, on-demand webcast and in-house training.

Please contact the VBOA Director of Operations, Mary Charity, by phone at (804) 367-0495 or by email at with any questions.

Active - CPE Exempt status now available

July 2014

The Virginia Board of Accountancy is pleased to announce that applications are now being accepted for our new status, Active - CPE Exempt.

Active - CPE Exempt affects CPAs who want to maintain their license but are not providing services to an employer or the public and don’t expect to for a period of time.

CPAs who qualify for this status will be allowed to renew their licenses annually by paying the renewal fee and continue to use the CPA title but will not need to fulfill CPE requirements.

A change in status requires approval by VBOA through an application process, including submission of a company bio/resume and job description, if currently employed when applying for the status change.

Please complete the Change of License Status Request Form on our website and return it to the VBOA office for review and approval. We encourage you to contact us with any questions or concerns regarding this new status at (804) 367-8505 or by email at

On the Road with the Traveling Board Meeting

November 2014

The idea was simple but profound. What better way to “educate” future Virginia CPAs on the responsibilities of the Virginia Board of Accountancy than to hold actual board meetings at Virginia colleges and universities? Wade Jewell, VBOA Executive Director, realized the outreach potential of such an idea to accounting faculty and students and took the show on the road.

At least one board meeting a year is held at a Virginia college or university campus.

Since October 2010, Board meetings have been held at Virginia Commonwealth, Old Dominion University, Virginia State University, University of Richmond, Longwood University and most recently the College of William and Mary in November 2014.

If you are a faculty member of a Virginia college or university and would like your students to get an on- campus look at the inner workings of the VBOA Board, contact our Executive Director at We’re reaching out to tomorrow’s CPAs.

Providing Volunteer Services as a Virginia CPA

May 2012

The VBOA receives many inquiries regarding services that a CPA may or may not provide as a volunteer to a not-for-profit entity. The Board encourages Virginia CPAs to serve their communities by donating their valuable knowledge and financial expertise as volunteers. Consistent with the role of protecting the public and assisting CPAs the VBOA has developed a guidance document for those providing volunteer services.

The document provides direction on subjects such as 1) the provision of firm-only services, 2) whether services that are not the practice of public accounting are attest services, 3) the compilation and presentation of both historical and prospective financial information,

and 4) determining whether providing services would impair independence. Attachments include a roadmap for determining whether volunteer services are subject to peer review and a chart for identifying types of volunteer services provided to not-for-profit entities that require compliance with technical standards.
The VBOA hopes this document will clarify the ethical and legal considerations of providing pro bono work to not-for-profits so as to ease the efforts of CPAs in giving back and paying forward.

CPAverify: Online Search Tool for the Public to Verify CPAs and CPA Firms

March 2012 provides an online search for employers, professionals and the general public allowing anyone who may need to verify the status of an individual CPA and/or public accounting firm. Licensing information is provided by participating state boards of accountancy, including the VBOA. This online central repository of information on licensed CPAs and CPA firms is maintained by the National Association of State Boards of Accountancy (NASBA) to make available a single-search resource covering participating jurisdictions where an individual or firm has been licensed.

With the wide spread mobility legislation, the need for the public to determine if an individual or firm is licensed and in good standing is more important than ever.

CPAverify minimizes the need for consumers to check individually with each state board of accountancy to determine a CPA’s license status. With the support of participating state boards, this tool allows the public an opportunity to check the status of multiple licenses a CPA holds at one website with a single search.

CPAmobility: Online Search Tool for CPAs who Practice Across State Borders

March 2012

A joint project of the National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA), is an online tool to help CPAs navigate the practice privilege requirements that allow CPAs to more easily work across jurisdictional borders. This tool is especially helpful to northern Virginia CPAs whose practice includes clients in Maryland and Washington D.C.

The site works by posing three questions to the CPA:

  1. Where is your principal place of business (home state)?
  2. Where are you going to perform services (target state)?
  3. What services will you perform?

After processing, the site displays requirements on licensing and registration of relevant jurisdictions allowing CPAs to spend valuable time on business opportunities rather than regulatory compliancy. Contact information for state boards of accountancy is also available on the CPAmobility search engine. NASBA and the AICPA hope you will find CPAmobility to be a resourceful tool with the potential to educate CPAs on mobility requirements and regulations.