License Renewal: Last day of certificate issue month every year

Reporting Period: January 1st – December 31st over 3 year rolling period

CPE Documentation: Licenses may be renewed at The Virginia Board of Accountancy.

Credit Limitations:

  • Instruction: 30 hours maximum in a three year rolling period.
  • Exams: 60 hours maximum in a three year rolling period. Different exams have certain hours that count towards CPE.
    • 30 hours for passing each section of the CFA Exam.
    • 30 hours for passing Virginia Bar Exam.
    • 25 hours for passing each section of the CAIA Exam.
    • 20 hours for passing each section of the CMA Exam.
    • 20 hours for passing the CAPP Exam.
    • 20 hours for passing the Uniform Investment Adviser Law Examination (Series 65) Exam
    • 20 hours for passing both the qualification exam and the certification exam for the CIMA certification
    • 15 hours for passing the CISA exam
    • 15 hours for passing the CTP exam and other exams presented by staff for approval by the Board.

Credit Calculations: Measured on a 50 minute hour. Fractional hours are rounded down to nearest whole credit.

  • Instruction: Credit = presentation plus preparation. Repeat instruction of the same course will not grant credits.
  • Partial Credit: Half credits accepted after the first hour.
  • University/College:
    • One semester equates to 15 CPE hours
    • One quarter hour equates to 10 CPE hours

Hour Requirements: 120 hours, 20 per year minimum

  • Ethics Requirement: 2 hours; must be specific to the state of Virginia
  • Attest/Compilation Services: 8 hours per year for any licensee who releases or authorizes the release of reports on attest services or compilation services provided for persons or entities located in Virginia. ****