The VSCPA wants to remind our members about the Virginia Board of Accountancy’s (VBOA) policies on CPE reciprocity and, specifically, the home state exemption. The VBOA’s CPE requirements read as follows:
“If a CPA holds an active license in another state and their principal place of business is located in that state, he or she is eligible for CPE reciprocity/home state exemption. If a CPA meets the CPE requirements in their home state, the VBOA will accept this as CPE compliant in Virginia.
“The CPA must select the ‘home state exemption’ during the CPE audit process to be eligible for this exemption.”
The home state exemption applies for the Virginia-specific Ethics course as long as the licensee’s principal place of business has an Ethics requirement. If not, the licensee can still get the home-state exemption, but would need to take the Virginia-specific Ethics course.
For more information, contact VSCPA Vice President, Advocacy Emily Walker, CAE, at [email protected].