A new law to create an additional pathway to Certified Public Accountant (CPA) licensure in New Jersey took effect Feb. 11.
As NJBIZ reported, Gov. Phil Murphy signed the law last month before his final term ended. The accounting profession and business groups advocated for the move to address talent pipeline challenges.
In addition to the existing 150-credit option, candidates can now qualify with a bachelor’s degree, two years of work experience and a passing score on the CPA exam.
The legislation also updates mobility rules, allowing out-of-state CPAs to practice in New Jersey if they meet education, exam and experience requirements. CPAs licensed before the law took effect will retain their licenses.
“Creating an additional option for licensure enables more candidates to become CPAs and helps advance the accounting profession,” said Aiysha (AJ) Johnson, CEO and executive director of the New Jersey Society of Certified Public Accountants. NJCPA spearheaded advocacy of the bill. “We are truly thankful for the collective support for this legislation from our members, the business community, state legislators, and other organizations that endorsed the bill.”
New Jersey joins 24 states that have adopted similar pathways.
NJCPA has put out several resources that give additional information about the pathways, which can be found here. Additionally, several webinars are planned on the topic in March.
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