Current through Register Vol. 41, No. 3, September 23, 2024
A. In
order to comply with subdivision A 1 b of §
54.1-4409.2 of the Code of
Virginia:
1. Each section of the CPA
examination must be passed by attaining a uniform passing grade established
through a psychometrically acceptable standard-setting procedure approved by
the board.
2. Persons may take
sections of the CPA examination in any order.
a. Subject to subdivision 2 b of this
subsection, a person who fails a section of the CPA examination may not retake
that section until the next quarter of the calendar year unless otherwise
prescribed by the board.
b. The
board may decide to eliminate the current restriction outlined in subdivision 2
a of this subsection and allow a person to retake sections of the CPA
examination as soon as the person's grade for any previous attempt of that same
section has been released.
3. When a person first passes a section of
the CPA examination, the person has 30 months to pass the remaining sections.
If the remaining sections are not passed within the 30-month period, the person
loses credit for the first section passed, and a new 30-month period starts
with the next section passed. Depending on the facts and circumstances, the
board may grant additional time to pass the remaining sections provided that
the waiver or deferral is in the public interest.
B. Failure to comply with the policies
established by the board for conduct at the CPA examination may result in the
loss of eligibility to take the CPA examination or credit for sections of the
CPA examination passed. Cheating by a person in connection with the CPA
examination shall invalidate any grade earned on any section of the CPA
examination and may warrant expulsion from the CPA examination site and
disqualification from taking the CPA examination for a specified period of time
as determined by the board.
C. The
board may postpone scheduled CPA examinations, the release of grades, or the
issuance of licenses under the following circumstances:
1. A breach of CPA examination
security;
2. Unauthorized
acquisition or disclosure of the contents of a CPA examination;
3. Suspected or actual negligence, errors,
omissions, or irregularities in conducting a CPA examination; or
4. Any other reasonable
circumstances.
D. Prior
to being considered for a Virginia license, a person shall pass an ethics
examination approved by the board.
Statutory Authority: §§
54.1-4402 and
54.1-4403 of the Code of
Virginia.
