VA SB605

Creates "Inactive" and "Emeritus" license statuses for Virginia CPAs who no longer provide services to the public or employers

Requires at least 5 years of active CPA licensure to qualify for "CPA, Inactive" status

Establishes "CPA, Emeritus" status for licensees who have held an active or inactive license for at least 15 years and are at least 60 years old, or who have held a license for at least 30 years

Requires the Board of Accountancy to promulgate implementing regulations within 280 days and publish guidance on the Board's website by September 30, 2026, permitting biographical references to previous CPA licensure

Clarifies that using the CPA title means communication that "indicates or implies" a person is licensed, updating prior language about "portraying" oneself as licensed