Measure Last Modified
06-17-2025 03:01 p.m.
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Measure Last Published
06-17-2025 03:00 p.m.
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Status
Active
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Data Source and Calculation
On a monthly basis the VBOA randomly selects licensed CPAs in Virginia for a CPE compliance review. The VBOA will initiate the CPE compliance review once all required documentation has been received. Required documentation typically is submitted by the licensee on multiple dates. VBOA tracks all incoming CPE compliance review documentation from the time of selection to the time of system closeout. This measure is calculated by dividing the number of CPE compliance reviews completed within 21 calendar days from the last date of documentation receipt by the total number of CPE compliance reviews completed during the same period.
|
Enterprise Priorities and Strategies |
Initiative |
Priority |
Strategy |
Economy |
Business Climate and Economic Development |
Promote Virginia’s competitive business climate to maintain the designation as the best state for business. |
Service Area Code |
Service Area Name |
56001 |
Accountant Regulation |
Name |
Date |
Result |
Note |
Baseline |
|
None |
|
Short Target 2025 |
|
None |
|
Long Target 2027 |
|
None |
|
Year |
Q1 |
Q2 |
Q3 |
Q4 |
Note |
2011 |
100.0 |
100.0 |
100.0 |
93.9 |
|
2012 |
98.0 |
97.0 |
70.0 |
100.0 |
|
2013 |
82.0 |
67.0 |
100.0 |
85.0 |
Due to an increase in the number of licensed CPAs in Virginia, the number of monthly CPE compliance reviews increases as well (based on a flat percentage). This increase in compliance reviews is beginning to affect the workload of existing staff and is causing a slight backlog in processing. In addition, the CPE Coordinator recently assumed CPE Consent Order processing which has occupied an enormous amount of her time. The 2013 General Assembly & Governor approved an additional position for the VBOA to handle CPE Compliance Reviews. This position was filled in the 2nd quarter of FY2014. |
2014 |
98.0 |
100.0 |
100.0 |
95.0 |
|
2015 |
95.0 |
99.0 |
100.0 |
100.0 |
|
2016 |
100.0 |
100.0 |
100.0 |
100.0 |
|
2017 |
100.0 |
100.0 |
100.0 |
100.0 |
|
2018 |
100.0 |
100.0 |
100.0 |
100.0 |
|
2019 |
100.0 |
100.0 |
100.0 |
100.0 |
Due to the implementation of the new NASBA CPE Tracking System, the CPE tracker has was taken offline beginning March 4, 2019. Board staff and
licensees could not access the system for CPE files, resulting in fewer audits performed in the months of February through May. |
2020 |
100.0 |
100.0 |
100.0 |
100.0 |
|
2021 |
84.0 |
94.0 |
73.0 |
|
Measure was calculated based on CPE cases closed, not CPE audits completed |
2022 |
|
|
|
39.0 |
Measure was calculated based on CPE cases closed, not CPE audits completed |
2023 |
100.0 |
100.0 |
100.0 |
100.0 |
All CPE audits are completed within 21 days of receipt of documentation. |
2024 |
100.0 |
100.0 |
100.0 |
100.0 |
All CPE audits are completed within 21 days of receipt of documentation. |
2025 |
100.0 |
100.0 |
100.0 |
|
All CPE audits are completed within 21 days of receipt of documentation. |
|
Measure ID |
22656001.002.003 |
Measure Class |
Other Agency |
Measure Type |
Outcome |
Year Type |
State FY |
Preferred Trend |
Stable |
Frequency |
Quarterly |
Statistical Unit |
Percentage |
|