Don’t Be Late! On-time registration allows providers to avoid fees

September 2011

Members of the National Registry of CPE Sponsors are asked to renew their membership annually, and NASBA has enhanced the process for doing so.

If you are a provider, your designated contact will receive an email with instructions and a link to NASBA's online renewal form 30 days prior to your renewal date. He or she also will receive a reminder 15 days before the renewal date if the process hasn't been completed by that time. The emails will come from no-reply@salesforce.com, with the subject line "National Registry Annual Renewal Application." Please include this address in your list of approved email contacts so that it won't be rerouted to a spam folder.

Providers are responsible for renewing their membership by the first of the month of their renewal date. For example, if your renewal month is August, then your renewal needs to be complete by Aug. 1. On-time completion of the online renewal form and submission of the renewal fee are requirements of continued membership on the National Registry of CPE Sponsors. Failure to submit the form and fee by the renewal date will result in a late-fee penalty of 50 percent of the annual renewal fee, which will be assessed in a separate invoice.

In addition to avoiding a penalty, there are many other good reasons for completing your renewal on time. Otherwise -

  1. Your organization is removed from the Registry and is placed in "inactive" status
  2. You may no longer use the NASBA logo and National Registry statement
  3. You are subject to a reinstatement fee if membership is sought within two years after the lapse in membership

Once a provider is removed from membership on the National Registry, the organization must wait six months before applying for reinstatement. A provider may submit this application for up to two years from the removal date. Reinstatement involves completing a reinstatement application, submission of documentation required by that application and paying a reinstatement fee. That fee is based on the number of different programs, and is as follows:

1-15 different programs $1,340.00
16-25 different programs $1,672.50
26-50 different programs $2,680.00
51-100 different programs $4,352.50
101+ different programs $5,360.00

 

If a provider is approved for reinstatement, it will retain its sponsor identification number. If confirmation of membership on the National Registry is requested by one of NASBA's member state boards of accountancy, then NASBA will report the period during which the provider was inactive.

If a provider seeks reinstatement two years or more after being placed into inactive status, it will be asked to reapply under the initial application process. If accepted and approved, then the organization will receive a new sponsor identification number.

   Back to List of Articles