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VBOA Completes Transition to Uniform License Expiration Date

All Virginia CPA licensees are on the same renewal cycle. Last year, the Virginia Board of Accountancy (VBOA) began transitioning to a uniform license expiration date of June 30. As of now, all individual and firm licenses expire that day each year, with renewal available at least 90 days before

NASBA, AICPA Propose Revisions to CPE Standards

The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) proposed for public comment revisions to the Statement on Standards for Continuing Professional Education Programs, including adding adaptive learning for self-study programs. The standards

GASB Issues Proposed Implementation Guide on Leases

The Governmental Accounting Standards Board (GASB) has issued a proposed Implementation Guide (PDF) that contains questions and answers about the GASB’s new standards on accounting and financial reporting for leases. The Exposure Draft proposes answers to questions about GASB Statement No. 87 ,

New Law Forces Accounting Firms to Disclose Investigations

The U.S. Defense Department (DoD) will soon force accounting firms it hires to disclose investigations they face, a requirement that chips away at federal protections that have long helped keep flawed audits of public companies under wraps. The directive was slipped without notice into last August’s

NASBA Proposes Peer Review Changes

The National Association of State Boards of Accountancy (NASBA) is proposing changes to the Uniform Accountancy Act (UAA) Model Rules related to peer review programs. The UAA is a nonbinding model designed to provide best practices for state laws and regulations related to the accounting profession.

Intermediate 2 Accounting Revenue Recognition Papers

Intermediate 2 Accounting Papers In the fall semester in 2014, students in Intermediate 2 Accounting, a Virginia Tech course taught by John Brozovsky, Ph.D., researched how changes in revenue recognition will affect various industries. Click the links below to view the students' research.

The CPA Exam in 2017, by the Numbers

After a record 2016, the number of candidates taking the CPA Exam dipped somewhat in 2017, according to data recently released by the National Association of State Boards of Accountancy (NASBA). Virginia was the sixth-highest volume state, with 7,813 sections taken. Click here for more information.

Executive Director Jewell Leaving VBOA

Virginia Board of Accountancy (VBOA) Executive Director Wade Jewell will leave the organization effective Aug. 1, the agency announced in its summer 2018 newsletter. Jewell leaves the VBOA to join the executive team at the National Association of State Boards of Accountancy (NASBA) as president of

Can You Be Too Lean?

The implementation of lean, if done carefully and contentiously, benefits not only the bottom line but also helps define an organization’s culture: what people say as much as what they do and how they interact. The dialogue within a company fundamentally changes: continuous improvements (kaizen),