Continuing Professional Education (CPE) is a separate and distinct annual requirement from the one-time eight-hour AICPA ethics course needed for initial licensure.
The VBOA has contracted with the Virginia Society of CPAs as the only provider of content/material for the Virginia-Specific Ethics Course.
Our fees are some of the lowest of all administering entities.
Other Subject Area Requirements License Renewal Date November 30th of odd numbered years CPE Reporting Period 1/1 to 12/31 biennially ending on odd years General Requirements 80 hours Other Subject Area Requirements None Ethics Requirement Other State Policies Colorado does not pre-approve courses or providers.Alabama was selected based on a number of factors which include: 1) the comparability of the size of firms they administer to Mississippi firms; 2) the regional location close to Mississippi; 3) the fact that they have a dedicated, experienced team of full-time staff, including a CPA (now required by peer review standards) to effectively administer the program; and, 4) the opportunity for MSCPA Peer Review Committee members to stay involved if they so choose.Recently the Arkansas Society’s peer review administration transferred to Alabama as well which creates an opportunity for all three states to work together.After careful consideration and upon the recommendation of the MSCPA Peer Review Committee, the Board of Governors voted unanimously at the May 9, 2019, meeting to transfer the administration of Mississippi firms’ peer review to the Alabama Society of CPAs. While a later transition date was originally planned, the earlier date will allow for a more economical and efficient transition to coincide with the Society’s year end which is June 30.The MSCPA Board of Directors, staff and Peer Review Committee have worked diligently over the past two years to evaluate the administration process and the challenges and difficulties that the MSCPA would face going forward as a result of the AICPA’s enhancements to audit quality in the peer review program.
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The administration of the program now requires significant investment in additional staff and financial resources in order to meet the new benchmarks required by the AICPA Peer Review Board and its Oversight Task Force.