New Jersey

BOARD INFORMATION FOR REFERRALS:

New Jersey State Board of Accountancy
124 Halsey Street, 6th Floor
PO BOX 45000
Newark, New Jersey 07101
Phone: (973) 504-6380
Fax: (973) 648-2855
Website: www.state.nj.us/oag/ca/accountancy/acc2.htm

DO PES COURSES QUALIFY FOR CPE IN THE STATE OF NEW JERSEY? YES

The board requires that sponsors register with the state board or NASBA. Our sponsor number for New Jersey is #20CE00108400.

In addition, PES is registered with NASBA and have issued credits in New Jersey without any problems.

LICENSE RENEWAL INFORMATION:

• The board requires 120 hours of CPE every 3 years.
• All CPAs must complete a minimum of 72 hours in technical subject areas.
• At least 24 hours in the areas of auditing, review and compilation for persons who are engaged in the practice of public accounting or are involved with the attest function in issuing audit, review or compilation reports (*see definition under "technical areas of study")
• 4 hours of ethics every 3 years. Per State Board regulations, the ethics course is required to be a live/seminar presentation. Please call NJ State Board for information.

LICENSE EXPIRATION INFORMATION:

• Registrant must register triennially. The next expiration date is 12/31/2008.

CPE COMPLETION DUE BY:

• CPE must be completed 12/31 of expiration year.

SELF STUDY CREDIT HOURS:

Credits granted for PES courses are based on the AICPA and NASBA (National Association of State Boards of Accountancy) statement of standards which grant 1 CPE credit for every 50-minutes of study time.

PLEASE NOTE: Credit calculation for the NJ Board of Accountancy currently differs from these standards. Please contact PES Customer Service at 1-800-990-2731 for more information.

MAXIMUM ALLOWABLE SELF STUDY CREDITS: 100%

ACCEPTABLE AREAS OF STUDY:

Regulation states: "...Courses qualify if they can be shown to contribute to the professional knowledge and competence of the licensed individual..."

Technical Areas of Study: Accounting; Auditing, including, but not limited to, review, compilation and attest standards; Business law; Computer Science; Economics; Finance; Management advisory services; Mathematics, statistics, etc.; SEC practice; Taxation; and Professional ethics. Any of these subjects may be in specialized areas, such as governmental, not-for-profit organizations, film industry, real estate, and farming. (* Auditing, review and compilation includes the body of knowledge that deals with the basic service of the public accounting professional, that is, examination and reporting on financial statements. Qualifying subject matter will include courses covering pronouncements or regulations issued by recognized authorities such as the FASB, AICPA, SEC or other government agencies dealing with auditing, financial reporting, or application of generally accepted accounting principles).

Subjects other than those listed above may be acceptable for continuing professional education credit if the licensee can demonstrate to the satisfaction of the Board that such subject or specific program contributes to the maintenance of the licensee's professional competence.

Other Qualifying Subjects: Courses related to personal or professional development of the licensee, or courses directly associated with the administration of the licensee's practice, shall be accepted towards satisfaction of continuing professional education requirements. Included in this category are courses that concentrate on the practice management areas, such as organizational structure, human resource management and other administrative matters. Courses which relate to a licensee's personal skills such as speaking, leadership and managing people or organizations shall also be included in this category. Courses which relate to the development of a licensee's practice or the marketing of services shall not be accepted towards satisfaction of continuing professional education requirements.

If you have any questions regarding your CPE requirements, please call PES at 1-800-990-2731 or your State board. Updated 4/15/2008.

(PLEASE NOTE: Since state board regulations are constantly changing, the information contained here is deemed reliable however it is not guaranteed. We encourage you to contact your state board to answer any questions and confirm or clarify any requirements listed here.)

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