NJCPA proposes a new path for CPA license in New Jersey

The New Jersey Association for Accredited General Accountants (NJCPA) submitted a proposal aimed at creating an alternative road to CPA license within the state.

This initiative seeks to amend the New Jersey Accounting Law, allowing candidates to qualify by obtaining a bachelor’s degree, completing two years of professional experience, and successful passes of the CPA exam.

It was determined as the draft law A5598, and the proposed legislation is supported by Sterley Stanley (D-East Brunswick).

It received approval from the Professions Committee organizing the association on May 15, which represents remarkable progress in the potential CPAS licensing process.

Nowadays, candidates must complete at least 150 credit hours, which require a Bachelor’s degree in addition to additional 30 credit hours or a master’s degree.

They must also obtain one year of practical experience in accounting and pass the CPA exam to be qualified to obtain the license.

The proposed adjustments will provide an alternative path for candidates while maintaining the current requirements.

The New Jersey State Accounting Council (NJBOA) showed its support for this new licensing option.

In addition, the draft law includes provisions for the privileges of the individual practice of the professional agreement licensed outside the state and who hold a bachelor’s degree or higher, successfully completed the CPA exam, and own at least one year of experience.

A recent survey conducted by NJCPA indicated that 66 % of 187 companies have had difficulties in identifying accounting talents over the past year.

Among these companies, 47 % stated that this deficiency has provided a moderate or significant danger to its operations.

“The introduction of an additional path to CPA licenses will allow increased flexibility in the licensing process without prejudice to the strict educational and experimental requirements that ensure that CPAS remains a reliable consultant,” said CEO and CEO of NJCPA AIYSHA JOHNSON.

“Maintaining the profession is open and available to promising young professionals is crucial, not only in the field of accounting itself, but for the societies that CPAS serves.”

NJCPA proposes a new path for CPA a license in New Jersey, “originally created and published by AccountantThe brand owned by Globaldata.

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