Bill > HB2042

This bill modifies the Virginia Code's requirements for becoming a Certified Public Accountant (CPA) and using the CPA title in Virginia, with key changes focusing on educational and experience requirements. Starting January 1, 2026, candidates must obtain a baccalaureate or higher degree with an accounting concentration, and have specific experience requirements: two years of experience for those with a bachelor's degree (with options to substitute additional education for one year of experience), or one year of experience for those with a master's degree. The bill also updates practice privilege provisions, allowing CPAs licensed in good standing in other states to provide services in Virginia without additional licensing, provided they have passed the CPA examination. Additionally, the bill introduces a provision allowing the Board of Accountancy to revoke practice privileges for states that grant CPA licenses without meeting minimum qualifications. The legislation also extends the timeframe for filing complaints against CPAs from three to five years and makes various technical amendments to clarify language around licensing, practice standards, and disciplinary procedures for accounting professionals.

Justice, Labor and Employment

https://lis.virginia.gov/bill-details/20251/HB2042