18 month extention?

  • Creator
    Topic
  • November 7, 2019 at 2:38 pm #2785104
    CG
    Participant

    Hey guys is this true that theyre extending the time limit from 18 months to 24 months next year? Wonder if that means sections that we’ve already passed are getting extended too?

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  • November 8, 2019 at 11:08 am #2786547
    SGood
    Participant

    No, the 18-month period in which credit is valid for will not be changing. The only information I can find regarding changes similar to this is the possibility for continuous testing the middle of next year… https://nasba.org/blog/2019/05/17/continuous-testing-rule-adopted/ but this doesn't guarantee that it will be effective then.

    November 8, 2019 at 2:58 pm #2786814
    Wingdings
    Participant

    I've heard that they are extending from 18 to 24 months but wouldn't count on anything until NASBA publishes it themselves! And yes, continuous testing is passed and to be implemented by June/July 2020! Thank God!

    November 8, 2019 at 3:01 pm #2786823
    Wingdings
    Participant

    1

    November 11, 2019 at 9:44 am #2790321
    jeff
    Keymaster

    I've only heard about the continuous testing – not the 24-month dealio. That would be a massive shift with great testing implications if it were so.

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

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