54.1-4403 - General powers and duties of the Board.
§ 54.1-4403. General powers and duties of the Board.
The Board shall have the power and duty to:
1. Establish the qualifications of applicants for licensure, provided thatall qualifications shall be necessary to ensure competence and integrity.
2. Examine, or cause to be examined, the qualifications of each applicant forlicensure, including the preparation, administration and grading of the CPAexamination.
3. Promulgate regulations in accordance with the Administrative Process Act(§ 2.2-4000 et seq.) necessary to assure continued competency, to preventdeceptive or misleading practices by licensees, and to effectively administerthe regulatory system.
4. Levy and collect fees for the issuance, renewal, or reinstatement ofVirginia licenses that are sufficient to cover all expenses of theadministration and operation of the Board.
5. Levy on holders of Virginia licenses special assessments necessary tocover expenses of the Board.
6. Initiate or receive complaints concerning the conduct of holders ofVirginia licenses or concerning their violation of the provisions of thischapter or regulations promulgated by the Board, and to take appropriatedisciplinary action if warranted.
7. Initiate or receive complaints concerning the conduct of persons who usethe CPA title in Virginia under the substantial equivalency provisions of §54.1-4411 or firms that provide attest services or compilation services topersons or entities located in Virginia under the provisions of subsection Cof § 54.1-4412.1, and to take appropriate disciplinary action if warranted.
8. Initiate or receive complaints concerning violations of the provisions ofthis chapter or regulations promulgated by the Board by persons who use theCPA title in Virginia under the substantial equivalency provisions of §54.1-4411 or firms that provide attest services or compilation services topersons or entities located in Virginia under the provisions of subsection Cof § 54.1-4412.1, and to take appropriate disciplinary action if warranted.
9. Revoke, suspend, or refuse to reinstate a Virginia license for just causesas prescribed by the Board.
10. Revoke or suspend, for just causes as prescribed by the Board, a person'sprivilege of using the CPA title in Virginia under the substantialequivalency provisions of § 54.1-4411 or a firm's privilege of providingattest services or compilation services to persons or entities located inVirginia under the provisions of subsection C of § 54.1-4412.1.
11. Establish requirements for peer reviews.
12. Establish continuing professional educational requirements as a conditionfor issuance, renewal, or reinstatement of a Virginia license.
13. Expand or interpret the standards of conduct and practice in §54.1-4413.3.
14. Enter into contracts necessary or convenient for carrying out theprovisions of this chapter or the functions of the Board.
15. Do all things necessary and convenient for carrying into effect thischapter and regulations promulgated by the Board.
(2001, c. 832; 2004, c. 602; 2007, c. 804.)