RD465 - Virginia Board of Accountancy Biennial Report FY 2017-2018

Executive Summary:

The Virginia Board of Accountancy is pleased to present its Biennial Report for the fiscal year ending June 30, 2018. The VBOA continues to be blessed with extremely dedicated, engaged and active Board members. Our involvement at the national level with the National Association of State Boards of Accountancy, or NASBA, helps to ensure that Virginia remains active in the subject matter that guides the accounting profession.

Wade Jewell, Executive Director of almost 10 years, retired in August 2018. I accepted the role of Acting Executive Director from August to October 12, 2018. The Board created a search committee to find Wade’s replacement and Nancy Glynn, CPA, took over as Executive Director of the VBOA, effective October 15, 2018. During the transition, it was business as usual at the agency.

In the VBOA office, we continue to work very hard on our new licensing and management information system. Our vendor has started demonstrating modules to staff and we are providing beneficial feedback so we are building a robust system together that will continue to evolve with the ever-changing world of technology.

The VBOA has begun moving to a single renewal date of June 30 each year for all CPA licensees and firms. All licensed Virginia CPAs must renew their individual and firm license annually. This is a goal the VBOA has been trying to fulfill for several years and finally reached the goal this year.

The VBOA will continue to provide outstanding customer service to Virginia’s exam candidates, licensees and firms and enhance our operations and delivery of key services. We will continue to create new and innovative ways to communicate with our audience and maintain our mission to protect the citizens of the Commonwealth.

Mary T. Charity
VBOA Deputy Director for Operations