New Jersey Cpa Exam License Requirements 2022

New Jersey CPA Exam

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It is a one-tier licensing state. It means candidates don’t earn a certificate upon completing the CPA examCPA ExamA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more successfully. Instead, they directly obtain the CPA license on meeting all the license prerequisites. Note that the New Jersey State Board of Accountancy is responsible for licensing and regulating the public accounting profession in the state.

The U.S. jurisdiction does not partake in the International Examination Program. Further, let’s discuss all aspects of the New Jersey CPA exam and license requirements in detail.

Contents

New Jersey CPA Exam Requirements

Eligibility RequirementsFeesRequired Documents

New Jersey CPA License Requirements

Education RequirementsExam RequirementsExperience RequirementsEthics Requirements

Continuing Professional Education (CPE)

New Jersey Exam Information & Resources

New Jersey CPA Exam Requirements

The Uniform CPA Examination is a 16-hour long, computer-aided test encompassing four sections. It is devised to assess the minimal competence and education required of a CPA.

The American Institute of Certified Public Accountants (AICPA) supervises the licensure test in collaboration with the National Association of State Boards of Public Accountancy (NASBA). The exam consists of three types of questions: Multiple-choice Questions (MCQs), Task-based Simulations (TBSs), and Written Communication Tasks (WCTs).

You can take the four CPA exam sectionsCPA Exam SectionsThe Uniform Certified Public Accountant (CPA) Exam comprises four sections, namely, Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The unique content, structure, format, and scoring of the CPA exam earn it the title of one of the most challenging professional exams. read more in any order within the rolling 18-month period. This timespan starts from the testing date of the first passed section. To pass each section, you must score a minimum of 75 points on a scale of 0-99.

Eligibility Requirements

General Requirements

Be minimum of 18 years oldBe of good moral character

Educational Requirements

Hold at least a bachelor’s degree (in any field of study) from a regionally accredited institutionGain a minimum of 120 semester hours with: 24 semester hours in accounting24 semester hours in business

Apply for the exam through CPA Examination Services (CPAES). Please visit the NASBA’s Central portal for the complete the CPA application processCPA Application ProcessThe CPA application process often leaves aspirants with a lot of questions. The Certified Public Accountant (CPA) examination is a license issued by 55 states and territories in the USA. After obtaining the CPA license, you can practice as a certified financial advisor.read more.

24 semester hours in accounting24 semester hours in business

Moreover, the NASBA Advisory Evaluation service is available to discover any educational deficiency before the final submission.

Fees

Here lies the fee structure for both initial and re-examination candidates.

New Jersey applicants can’t withdraw from the exam or request a Notice-to-Schedule (NTS) extension. However, applicants in exceptional situations may receive a partial examination fees repayment or request an NTS extension.

Both application and examination fees are non-refundable. Therefore, attempt the applied exam section(s) within the NTS validity period, i.e., six months.

Required Documents

Candidates must submit the following documents to CPAES:

Please note that photocopies of transcripts are unofficial and, thus, unacceptable. In addition, ensure to attach a photograph taken within the last three months, displaying your head and shoulders only.

New Jersey CPA License Requirements

After passing the CPA Exam, check if you fulfill all the other New Jersey CPA license requirements.

Submit the licensure application, required transcripts, and fees to New Jersey State Board. Kindly visit the official portal to know the complete procedure. Moreover, applicants with foreign credentials must opt for educational evaluation through NIES.

The licensing fees are as follows:

Initial License – $65Transfer of Grades – $75Reciprocal – $75

Education Requirements

New Jersey CPA licensure applicants must earn 150 semester hours from an accredited institution. They may gain the required credits within or beyond a degree program. Further details are specified in the Eligibility Requirements section.

All candidates who took the CPA Exam with 120 semester hours of education must further complete 30 hours for licensure. Besides, they must get the additional credentials evaluated through the NASBA Licensing Services as a part of the licensure procedure. However, exam applicants with 150 semester hours may directly apply through the New Jersey State Board.

Exam Requirements

Once you complete the 120-semester hour requirement, apply to take up the AICPA-administered CPA exam. It is a four-part professional test to be passed with at least 75 points in each. For more information, kindly check the New Jersey Exam Requirements section.

Experience Requirements

Candidates must obtain one year (1750 hours) of full-time work experience under the supervision of an active CPA. Part-time employment will be considered equivalent if attained within two continuous years.

Ensure to demonstrate your skills in accounting or auditing as per the board regulations. Moreover, produce Statements of Experience of all employment after acquiring a baccalaureate degree.

Individuals working toward the experience requirement, employed in the tax department, and practicing public accountancy must:

Ensure to dedicate 25% of the time in auditing and accountingNot indicate that 100% of the time is spent in tax services in the Experience form

The form must display the activities you participated in with a total of 25% of the time spent in auditing and accounting tasks and the remaining 75% in tax services.

Ethics Requirements

CPA licensure candidates must take a four-hour-long New Jersey Law and Ethics course offered by an approved sponsor. They may attempt the course before or after six months of acquiring the license.

Ensure to send the course confirmation to the New Jersey State Board within a month of taking the course. Please note that the New Jersey Society of CPAs is an approved sponsor.

Continuing Professional Education (CPE)

To continue providing credible and professional services, New Jersey CPAs must complete 120 hours of CPE credits every three years. You may gain the required credit hours only through programs sponsors registered with the state board. The following entities are excused from the board registration:

NASBA-registered sponsorsAccredited universities or collegesFederal and state government agenciesNational and state professional organizations

Let’s get you all the details.

Proper planning and strategic execution are essential to utmost success in gaining the New Jersey CPA title. Earning the credential in the Garden State will offer you an average annual base pay of $88,241. Along with an impressive military history and several exotic beaches, New Jersey is also a doorway for a successful accounting career.

So, begin your New Jersey CPA license journey by first understanding all the exam and license requirements specific to the state. Last but not least, we wish you all the best on this epic adventure of yours! Please refer to this article to learn more – CPEs for CPACPEs For CPAAs a Certified Public Accountant (CPA), you need to acquire Continuing Professional Education or CPE credits for sustaining your license. This ensures that you are actively involved in improving your know-how of the profession by engaging in learning activities.read more

New Jersey Exam Information & Resources

New Jersey State Board of Accountancy (https://www.njconsumeraffairs.gov/acc/Pages/default.aspx)

Michela RossExecutive DirectorP.O. Box 45000Newark, New Jersey 07101

Ph: (973) 504-6380

Email: [email protected]

New Jersey Society of CPAs (https://www.njcpa.org/)

105 Eisenhower Parkway, Suite 300

Roseland, New Jersey 07068,

Ph: 973-226-4494

NASBA (https://nasba.org/)

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Tel: 615-880-4200

Fax: 615-880-4290

AICPA (https://www.aicpa.org/home)

Princeton South Corporate Center100 Princeton SouthSuite 200Ewing, New Jersey 08628P: +1.609.671.2902F: +1.609.671.2922