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BOARD POLICY UPDATE
On August 24,
2007, the board voted to require each licensee to provide the
Certificate of Completion for each self-study course with the Annual CPE
Reporting Form.
On August 24, 2007, the Board adopted the following policy regarding
retiring CPAs:
Retiring CPAs who
failed to notify the Board of intended retirement and as a result, did not
secure and report the required CPE hours during the last calendar year of
active licensure, shall be listed on NASBA's Accountancy License Database
(ALD) web page as "Retired" as
opposed to "Lapsed due to CPE Non-compliance".
However, internal records will continue to reflect the CPE non-compliance
status in the event the CPA would apply for activation of licensure at a
future date.
On July 15, 2005, the Board
adopted the Statement
on Standards for Continuing Professional Education (CPE) Programs
issued jointly by AICPA and NASBA. Please review these standards by
clicking here
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CPE Standards, Policies, and
Guidelines
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The program
should contribute directly to the professional competence of the CPA.
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Program content should be current.
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Participants must
document their CPE credit. Examples of acceptable evidence of
completion include:
1)For self-study programs: A certificate supplied by the
CPE program sponsor after satisfactory completion of an examination
2) For live programs: A certificate of attendance issued by the program
sponsor
3) For a university or college course: A record or transcript of the grade
the participant received
4) For a university or college non-credit course: A certificate of
attendance issued by a representative of the university or college
5) For published articles, books or CPE Programs: (1) A copy of the
publication that names the writer as author or contributor (2) a
statement from the writer supporting the number of CPE hours claimed, and
(3) the name and contact information of the independent reviewer(s) or
publisher |
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One hour of
credit will be awarded for the completion of 50 contact minutes of
formalized study in a classroom environment, or its lesson equivalent in a
home study course. Credit will not be given for programs of less than 50
minutes in length.
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Credit can only
be claimed for courses completed during the calendar year being reported
unless a CPE Extension has been approved by the Board.
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Teachers in any
approved programs will receive two additional hours credit for study for
each hour taught (totaling three hours for each hour taught) for the first
time they teach a course, to a maximum of 60 hours credit per course per
year. No credit will be given for subsequent teaching of the same course,
unless the course has been substantially updated. If the same course is
taught again in less than three years, the teacher must get prior approval
from the Board of Accountancy.
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Talks to lay
organizations (Lions, Women's Clubs, etc.) do not qualify for CPE credit.
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CPE sponsorship
for the West Virginia Board of Accountancy will be evaluated by the National
Association of State Boards of Accountancy (NASBA).
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The Board of
Accountancy, or designee thereof, will monitor CPE compliance, evaluate
activities, approve courses, make exemptions, etc.
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The Board no
longer reviews individual request for CPE credit. It is the responsibility
of the CPA to verify the program's eligibility for CPE credit.
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It is the
responsibility of the CPA to:
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Maintain
documentation of attendance/course completion records for every CPE hour
claimed and produce such documentation if requested by the CPE
Compliance Division of the WV Board of Accountancy
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Call the
Board office if the reporting form is not received by December 5th of
the current reporting year.
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Advise the
Board in writing of any change of mailing address.
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Keep a copy
of the confirmation letter and all reporting forms in a personal CPE
file for a period of no less than four calendar years.
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IMPORTANT CPE NOTICE - March 2007
It has come to
the attention of the Board that the American Center for Continuing
Professional Education (ACCPE) is marketing self-study and on-line
programming to West Virginia CPAs and that many of you have received
brochures and discount coupons. Several West Virginia CPAs have
claimed CPE credit for self-study courses secured through the ACCPE.
Please be advised: ACCPE is not approved by either NASBA or the
AICPA as a CPE provider and therefore is not approved to offer CPE
credit by the West Virginia Board of Accountancy.
If you claim CPE credit for any ACCPE courses, the credit will be
denied. Contact Brenda Turley, CPE Coordinator, at the Board
office if you have any questions regarding this information. (304)
558-3557
Last edited: 10/24/2007
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