New Jersey State Board of Accountancy

The New Jersey State Board of Accountancy handles CPA and firm licensing and CPE compliance. Contact information: 

Meeting Highlights

The NJCPA regularly attends the monthly meetings of the New Jersey State Board of Accountancy. Below are highlights from the meetings:

  • October 23, 2020

    • Due to the COVID-19 pandemic and difficulties for CPA Exam candidates, the New Jersey Division of Consumer Affairs, which oversees the New Jersey State Board of Accountancy, extended the deadline for licensees to complete their CPE for the 2018-2020 triennial period to June 30, 2021 from Dec. 31, 2020. The NJCPA, however, urges all CPAs to complete their CPE by the original Dec. 31 deadline, if possible, since credits taken between Jan. 1 and June 30, 2021, that are applied to the triennial cannot also be counted towards the next triennial beginning Jan. 1, 2021. The Division made the announcement after a recommendation from the NJCPA to extend the deadline. Read more here.
    • Additionally, CPA Exam credits and Notices to Schedule (NTS) that expire between March 9, 2020, and Dec. 30, 2020, have been extended to Dec. 31, 2020. Read more here. The additional time is in line with other state extensions. The Board cancelled its Oct. 15 meeting.

  • May 28, 2020

    • At the New Jersey Board of Accountancy’s May 28 meeting, the NJCPA asked the Board to consider extending several deadlines related to CPE, peer review, CPA candidate notice to schedule (NTS) dates and CPA Exam testing windows. These included the following: 
      • Extend the end of the triennial CPE reporting period from Dec. 31, 2020, to June 30, 2021.
      • Extend peer review deadlines to follow the AICPA's peer review program deadline extensions. The AICPA has granted six-month extensions for peer reviews, corrective actions and implementation plans with original due dates between Jan. 1 and Sept. 30, 2020. 
      • Provide CPA candidates who have NTS expiration dates between April 1 and June 30, 2020, additional time beyond the current Sept. 30, 2020, extension. To bring New Jersey in line with the majority of other states, we recommend that candidates with NTS expiration dates between April 1 and Dec. 30, 2020, be extended to Dec. 31, 2020, 
      • Provide CPA candidates who have exceeded or are about to exceed the 18-month window between April 1 and June 30, 2020, an extension to Dec. 31, 2020. 

  • February 21, 2019

    • At the New Jersey State Board of Accountancy’s Feb. 21 meeting, Robert Asaro-Angelo, Commissioner of the NJ Department of Labor and Workforce Development, addressed the growing problem of misclassification of independent contractors. He said misclassification has risen 40 percent over the past decade, noting that this is detrimental to workers by denying them access to a variety of safeguards and benefits.  

      After receiving Board member approval, the Commissioner wrote a letter to all licensed CPAs discussing the proper procedures for classifying independent contractors. 

      All CPAs will receive a copy of the letter in the coming weeks. You can see the letter here.

  • December 20, 2018

    • The NJCPA Cannabis Interest Group submitted a Statement of Position (SOP) to the New Jersey State Board of Accountancy for CPAs who provide cannabis-related services. The SOP, which is similar to statements issued by other state boards of accountancy, would provide guidelines to CPAs regarding their practice in a field that is legal on a state level but not on a federal level. The Board is considering the NJCPA SOP if and when New Jersey adopts a law to legalize recreational marijuana use.