2006 Code of Virginia § 54.1-4403 - General powers and duties of Board
54.1-4403. General powers and duties of Board.
The Board shall have the following powers and duties 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 ofexaminations.
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 practitioners and to effectivelyadminister the regulatory system.
4. Levy and collect fees for licensure and registration and renewal that aresufficient to cover all expenses for the administration and operation of theBoard.
5. Levy on licensees special assessments necessary to cover expenses of theBoard.
6. Initiate or receive complaints concerning the conduct of persons andbusinesses licensed or registered by the Board as well as persons andbusinesses violating the provisions of this chapter and to take appropriatedisciplinary action if warranted.
7. Revoke, suspend or fail to renew a certificate or license for just causesas enumerated in regulations of the Board.
8. Establish requirements for peer reviews of accounting practices or otherrelated programs established to ensure that firms are conducting theirpractice in accordance with the standards of conduct and practice.
9. Establish continuing professional education standards as a condition forissuance or renewal of a CPA certificate.
10. Establish applicable standards of conduct and practice for CPAcertificate holders.
11. Enter into contracts necessary or convenient for carrying out theprovisions of this chapter or the functions of the Board.
12. Do all things necessary and convenient for carrying into effect thischapter or as enumerated in regulations promulgated by the Board.
(2001, c. 832; 2004, c. 602.)
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