reglab/housing_qa huggingface dataset:
NJ Rev Stat § 45:2B-43 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-43 - Findings, declarations relative to practice of accounting

45:2B-43 Findings, declarations relative to practice of accounting  2. The Legislature finds and declares that it is the policy of this State, and the purpose of this act, to promote the reliability of information that is used for guidance in financial transactions or for accounting for or assessing the financial status or performance of commercial, noncommercial, and governmental enterprises. The public interest requires that persons preparing financial statements accompanied by reports or professing special competence in accountancy or offering assurance as to the reliability or fairness of presentation of such information shall have demonstrated their qualifications to do so, and that persons who have not demonstrated and maintained those qualifications, including license holders not in public practice, shall not be permitted to hold themselves out as having that special competence or to offer that assurance; that the professional conduct of persons licensed as having special competence in accountancy be regulated in all aspects of the practice of public accountancy; that a public authority competent to prescribe and assess the qualifications and to regulate the professional conduct of practitioners of public accountancy be established; and the use of titles relating to the practice of public accountancy that are likely to mislead the public as to the status or competence of the persons using those titles be prohibited. L.1997,c.259,s.2.
NJ Rev Stat § 45:2B-45 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-45 - New Jersey State Board of Accountancy

45:2B-45 New Jersey State Board of Accountancy  4. The New Jersey State Board of Public Accountants created and established by P.L.1904, c.230 as amended and supplemented, continued by R.S.45:2-1 and further continued and constituted as the New Jersey State Board of Certified Public Accountants by P.L.1965, c.99, and further continued and constituted as the New Jersey State Board of Accountancy by P.L.1977, c.144, is further continued as the New Jersey State Board of Accountancy and the members and officers of that board as presently constituted shall continue to hold office until the expiration of their terms. Wherever in any law, rule, regulation, contract, document, judicial or administrative proceeding or otherwise, reference is made to the New Jersey State Board of Certified Public Accountants, the same shall mean and refer to the New Jersey State Board of Accountancy. L.1997,c.259,s.4.
NJ Rev Stat § 45:2B-46 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-46 - Membership; terms; vacancies; removal.

45:2B-46 Membership; terms; vacancies; removal.  5. The board shall consist of 12 members as follows: nine of whom shall have been engaged in the practice of public accountancy in this State, with not more than two of them being public accountants, and at least one of whom holds both a Registered Municipal Accountant's license and a Public School Accountant's license; two of whom shall be public members; and one of whom shall be a State executive department member. Each member engaged in the practice of public accountancy shall maintain an active license in New Jersey during his term of service on the board. Each member, other than the State executive department member, shall be appointed by the Governor for a term of three years and shall hold office until reappointed or a successor is appointed and qualified. Any vacancy on the board shall be filled by the Governor for the unexpired term only. The public members and the State executive department member shall be appointed by the Governor in accordance with and subject to the provisions of P.L.1971, c.60 (C.45:1-2.1 et seq.). Except for the State executive department member, no member may serve more than two successive terms in addition to any unexpired term to which he has been appointed, except that any member who has served two such successive terms may be reappointed after an intervening period of one year. The Governor may remove any member of the board, other than the State executive department member, for cause, upon notice and opportunity to be heard. L.1997, c.259, s.5; amended 2001, c.149, s.2; 2014, c.59, s.1.
NJ Rev Stat § 45:2B-47 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-47 - Oath by members of board, officers, rules, etc.

45:2B-47 Oath by members of board, officers, rules, etc.  6. a. Before entering upon the discharge of their duties, the members of the board shall take and subscribe an oath for the faithful performance of their duties before the Attorney General or any officer authorized to administer oaths in this State and file the same with the Secretary of State. b. Subject to the approval of the Attorney General, the members of the board shall annually elect a president, a vice president, a treasurer and a secretary from among their members. c. Notwithstanding the provisions of any other law, the Attorney General shall appoint, as chief administrative officer of the board, an executive director who shall not be a member of the board and who shall serve at the pleasure of the Attorney General. The duties of the executive director shall be determined by the Attorney General. The executive director shall not engage in the practice of public accounting. d. A majority of the members of the board shall constitute a quorum and no action of the board shall be taken except upon the affirmative vote of a majority of the members of the entire board. e. Members of the board shall be reimbursed for actual expenses reasonably incurred in the performance of their official duties and shall receive that compensation as determined by the Attorney General. The executive director shall receive that compensation as determined by the Attorney General within the limit of available funds. f. Expenditures of the board in any fiscal year shall not exceed board revenues and all expenditures shall be in accordance with the provisions of this act and the annual appropriations act. g. Subject to the approval of the Attorney General, the board may adopt rules and regulations as necessary to implement the provisions of this act, including, without limitations, rules and regulations governing professional conduct. h. Subject to the provisions of subsection f. of this section, the board may appoint committees or persons to advise or assist the board in the administration and enforcement of this act. L.1997,c.259,s.6.
NJ Rev Stat § 45:2B-48 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-48 - Powers of board

45:2B-48 Powers of board  7. The board shall, in addition to any other powers granted under this act: a. Administer and enforce the provisions of this act; b. Adopt and promulgate rules, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to effectuate the purposes of this act; c. Establish rules of professional conduct for persons licensed under this act, including, but not limited to, prohibiting the payment to, or receipt or offering of a commission or contingency fee by a licensee and establishing requirements for written disclosures in transactions involving a client of the licensee's accounting practice; d. Conduct hearings pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.). In any hearing or investigation, the board shall have the right to administer oaths to witnesses, and shall have the power to issue subpoenas for the compulsory attendance of witnesses and the production of pertinent books, papers, or records; e. Take such action as is necessary before any board, agency or court of competent jurisdiction for the enforcement of the provisions of this act; f. Evaluate and pass upon the qualification of candidates for licensure; g. Adopt and administer the examinations to be taken by applicants for licensure; h. Prescribe or change the fees for examinations, licensing, registrations, certifications, renewals, or other services performed pursuant to the provisions of P.L.1974, c.46 (C.45:1-3.1 et seq.); i. Subject to the requirements of this act, establish standards for and approve continuing education programs and sponsors of continuing education programs; and j. Have the investigative and enforcement powers provided pursuant to P.L.1978, c.73 (C.45:1-14 et seq.). L.1997,c.259,s.7.
NJ Rev Stat § 45:2B-49 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-49 - Application for licensure; requirements.

45:2B-49 Application for licensure; requirements.  8. Every applicant for examination for licensure as a certified public accountant shall present to the board a written application on a form to be provided by the board, together with the required fee, and satisfactory proof of the following: a. (Deleted by amendment, P.L.2019, c.10) b. That the applicant is of good moral character; and c. That the applicant has at least 120 semester hours of education, including a baccalaureate or higher degree or its equivalent, from an institution of higher education accredited by a regional accrediting agency recognized by the Commission on Higher Education, except that no applicant shall be issued a license unless he has successfully completed at least 150 hours of education. The educational program shall include a concentration in accounting or its equivalent and related professional courses as determined by regulation of the board. L.1997, c.259, s.8; amended 2001, c.149, s.3; 2005, c.104; 2019, c.10, s.2.
NJ Rev Stat § 45:2B-50 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-50 - Examination required for issuance of license

45:2B-50 Examination required for issuance of license  9. Except as otherwise provided, no person shall be issued a license by the board to practice as a certified public accountant until he has passed all sections of an examination designated by the board with a passing grade of 75 in each section. If the candidate does not pass all of the sections of the examination at one sitting, he may be reexamined with respect to the sections which he did not pass, under terms and conditions established by the board. The board may make use of the Uniform Certified Public Accountant Examination, or the Advisor Grading Service of the American Institute of Certified Public Accountants, or any other examination offered by an organization recognized by the board, which the board deems appropriate. L.1997, c.259, s.9; amended 2019, c.10, s.3.
NJ Rev Stat § 45:2B-51 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-51 - Requirements for licensure

45:2B-51 Requirements for licensure  10. a. Every applicant for licensure as a certified public accountant, having passed the examination in compliance with the provisions of section 9 of P.L.1997, c.259 (C.45:2B-50), shall provide satisfactory proof to the board that the applicant has had one year of experience providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax, or consulting skills, all of which was verified by a licensee, and meeting the requirements prescribed by the board pursuant to promulgated regulations. The experience required pursuant to this section is acceptable if it was gained through employment in government, industry, academia, or public practice. (1) (Deleted by amendment, P.L.2019, c.10) (2) (Deleted by amendment, P.L.2019, c.10) b. (Deleted by amendment, P.L.2019, c.10) L.1997, c.259, s.10; amended 2019, c.10, s.5.
NJ Rev Stat § 45:2B-52 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-52 - Persons currently registered continue to hold designation

45:2B-52 Persons currently registered continue to hold designation  11. Any person who is registered as a public accountant pursuant to the provisions of section 13 of P.L.1977, c.144 (C.45:2B-13) on the effective date of this act shall continue to hold that designation under the terms of this act, and shall be registered with the board and eligible for the renewal of any license issued by the board prior to the effective date of this act. L.1997,c.259,s.11.
NJ Rev Stat § 45:2B-54.1 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-54.1 - Requirements for non-licensed owners

45:2B-54.1. Requirements for non-licensed owners  5. a. A firm registered under P.L 1997, c.259 (C.45:2B-42 et seq.) as a firm of certified public accountants or public accountants may have owners who are not licensed as certified public accountants or public accountants if it meets the following requirements: (1) Nonlicensee owners shall be natural persons or entities, including, but not limited to, partnerships and professional corporations, provided that each ultimate beneficial owner of an equity interest in that entity shall be a natural person materially participating in the business conducted by the firm or entity affiliated with the firm; (2) The ownership interest of nonlicensee owners shall revert to the firm upon the cessation of any material participation by the nonlicensee owner in the business conducted by the firm or entity; (3) Persons who are licensed to practice public accountancy in any state or possession of the United States or the District of Columbia shall in the aggregate, directly or beneficially, comprise not less than half of the owners, hold more than half of the equity capital, and possess majority voting rights of the firm; and (4) Nonlicensee owners shall not hold themselves out as certified public accountants or public accountants. b. Except as otherwise permitted by the board, a person shall not become a nonlicensee owner or remain a nonlicensee owner if the person has: (1) Been convicted of any crime, an element of which is dishonesty or fraud, under the laws of this State or any other state, of the United States, or of any other jurisdiction. A conviction includes the initial plea, verdict, or finding of guilty, pleas of no contest, or pronouncement of sentence by a trial court, notwithstanding that conviction may not be final or sentence actually imposed until appeals are exhausted; (2) Had a professional license or the right to practice revoked or suspended for reasons other than nonpayment of fees, or has voluntarily surrendered a license or right to practice with disciplinary charges or a disciplinary investigation pending, which license or right to practice has not been reinstated by a licensing agency of this State or any other state, of the United States, or of any other jurisdiction; (3) Been in violation of P.L.1997, c.259 (C.45:2B-42 et seq.) or any regulation promulgated by the board under that act. c. A nonlicensee owner of a licensed firm shall report to the board in writing of the occurrence of any of the events set forth in subsection b. of this section within 30 days of the date the nonlicensee owner has knowledge of the event. The report shall identify the event by the name of the agency or court, the title of the matter, the docket number, and the date of occurrence of the event. L.1999,c.215,s.5; amended 2001, c.149, s.6.
NJ Rev Stat § 45:2B-55 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-55 - Requirements for registration as firm of public accountants.

45:2B-55 Requirements for registration as firm of public accountants.  14. a. A firm engaged in this State in the practice of attest services and not otherwise registered with the board or exempt from registration under section 13 of P.L.1997, c.259 (C.45:2B-54) shall be required to register with the board as a firm of public accountants. A firm engaged in the practice of public accountancy, but not performing attest services, shall be eligible to register with the board as a firm of public accountants. In either case, the firm shall meet the following requirements: (1) At least one owner of a firm shall be a public accountant or certified public accountant in good standing, and licensed to practice public accountancy in this State; (2) Each owner of the firm, other than a nonlicensee, shall be a public accountant or certified public accountant of any state or possession of the United States or the District of Columbia in good standing, and licensed to practice public accountancy where licensed; (3) There shall be a public accountant or certified public accountant in the firm who has ultimate responsibility for each attest engagement. On all firm applications and renewal forms, a licensee shall be designated as responsible and in charge of all professional matters relating to the practice of accountancy by the registered firm. Each owner of a firm in this State, other than a nonlicensee, personally engaged within this State in the practice of public accounting shall be a public accountant or a certified public accountant of this State in good standing and licensed to practice public accountancy in this State. b. Application for registration of a firm shall be made upon the affidavit of an owner of the firm who is a public accountant or certified public accountant of this State in good standing and licensed to practice public accountancy in this State. The board shall in each case determine whether the applicant is eligible for registration. A firm which is so registered may use the words "public accountant" or the abbreviation "PAs" in connection with its firm name. Notification shall be given to the board within 90 days after admission or withdrawal of an owner licensed and practicing in this State from any firm so registered. L.1997, c.259, s.14; amended 1999, c.215, s.3; 2001, c.149, s.7; 2008, c.45, s.3; 2019, c.10, s.7.
NJ Rev Stat § 45:2B-57 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-57 - Triennial registration for firm; fee

45:2B-57 Triennial registration for firm; fee  16. Each firm established or maintained in this State for the practice of public accountancy by certified public accountants or public accountants shall triennially register with and pay to the board a triennial registration fee.  L.1997, c.259, s.16; amended 2019, c.10, s.8.
NJ Rev Stat § 45:2B-58 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-58 - Triennial renewal of license; fee

45:2B-58 Triennial renewal of license; fee  17. Every certified public accountant and public accountant licensed to practice public accountancy within this State shall renew his license triennially with the board and pay a triennial license fee established by the board by regulation. Notice of the failure to renew a license and pay the triennial license fee shall be given to any person who fails to do so within 60 days following the license expiration date, which notice shall state that, upon the continued failure to pay that fee, the license issued to that individual will be forfeited at the time and place stated in the notice, unless the fee is paid by the specified time. The board may make rules regarding the reissuance of a license to any person whose license has been forfeited under this section. An individual paying the triennial license fee, in addition to furnishing any other information which the board may require, shall state in the application whether any license as a certified public accountant or public accountant or any charter as a chartered accountant or any other license, permit or registration to practice public accountancy ever issued to or made for that individual by any state or political subdivision of the United States, or by any foreign country or political subdivision thereof, or by any professional accounting organization, has been revoked or suspended, and, if so, state those facts relating to that revocation or suspension as the board may require. No certified public accountant, public accountant, registered municipal accountant or public school accountant of this State, who has not renewed his license pursuant to the requirements of this section, shall, during that period, hold himself out to be engaged in practice as a certified public accountant, public accountant, registered municipal accountant or public school accountant within this State. L.1997,c.259,s.17.
NJ Rev Stat § 45:2B-60 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-60 - Modification of suspension, reissuance of license, registration

45:2B-60 Modification of suspension, reissuance of license, registration  19. a. In any case where the board has suspended or revoked a license or registration or refused to renew a license or registration, the board may, upon application in writing by the person or firm affected and for good cause shown, modify the suspension, or reissue the license or registration. b. The board shall prescribe the manner in which such an application shall be made, the time within which it shall be made, and the circumstances in which hearings or applications will be held. c. Before reissuing, or terminating the suspension of a license or registration under this section, and as a condition of reissuance or termination of suspension, the board may require the applicant to show successful completion of the continuing professional education requirements of P.L.1997, c.259 (C.45:2B-42 et seq.); and the board may make the reinstatement of a license or registration conditional and subject to satisfactory completion of a peer review conducted in a manner required by the board. L.1997, c.259, s.19; amended 2019, c.10, s.10.
NJ Rev Stat § 45:2B-61 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:2B-61 - Issuance of report on financial statements prohibited; exceptions.

45:2B-61 Issuance of report on financial statements prohibited; exceptions.  20. a. No individual or firm shall issue a report on financial statements of any other individual, firm, organization, or governmental unit unless that person or firm holds a valid license or registration issued under this act, qualifies for the practice privilege under section 6 of P.L.2008, c.45 (C.45:2B-50.1), or is exempt from registration under section 13 of P.L.1997, c.259 (C.45:2B-54), except that this prohibition shall not apply to: an officer, partner, member, manager or employee of any firm or organization affixing that person's own signature to any statement or report in reference to the financial affairs of that firm or organization with any wording designating the position, title or office that the person holds in the firm or organization; any act of a public official or employee in the performance of that person's duties; the performance by any person of other services involving the use of accounting skills, including the preparation of tax returns or financial statements prepared without the issuance of reports, or providing a management advisory service. b. The prohibition contained in subsection a. of this section is applicable to the issuance, by a person not holding a valid license or a firm not holding a valid registration, of a report using any form of language conventionally used by licensees respecting review of financial statements or compilation of financial statements. L.1997, c.259, s.20; amended 2008, c.45, s.4.