New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 29 - NEW JERSEY STATE BOARD OF ACCOUNTANCY › Subchapter 6 - CONTINUING PROFESSIONAL EDUCATION › Section 13:29-6.2 - Credit requirements

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Each applicant for a triennial license renewal is required to complete, during the preceding triennial period, 120 credits of continuing professional education, except as provided in (c) through (f) below. All applicants shall complete a minimum of 20 credits of continuing professional education in each year of the triennial period. The types of continuing professional education programs and other sources of continuing professional education for which credits may be obtained are set forth in N.J.A.C. 13:29-6.5. The 120 credits of continuing professional education shall include at least 24 credits in the areas of accounting or auditing, which may include review and compilation, for licensees who are engaged in the practice of public accountancy. All applicants shall complete at least 60 credits of the required 120 credits in the technical subjects set forth in N.J.A.C. 13:29-6.3. All applicants shall complete four credits of the required 120 credits in the New Jersey law and ethics course set forth in N.J.A.C. 13:29-6.3A. The remaining 56 credits of the required 120 credits may include subjects specified in N.J.A.C. 13:29-6.4. No licensee shall receive credit for any course offered by a Board-approved continuing professional education sponsor in subjects other than those enumerated in N.J.A.C. 13:29-6.3, 6.3A, or 6.4.
(b) Failure to meet triennial continuing professional education requirements may subject a licensee to disciplinary action by the Board.
(c) A licensee shall obtain the required amount of continuing professional education set forth in (a) above by the last day of the triennial renewal period. A licensee who fails to obtain the required amount of continuing professional education by the last day of the triennial renewal period shall be deemed to have failed to comply with the requirements of this subchapter. The Board may, however, in its discretion, waive requirements for continuing professional education on an individual basis for reasons of hardship, such as health, military service, or other due cause, upon written request by the licensee at least 60 days prior to the last day of the triennial renewal period then in effect. A waiver of continuing professional education requirements granted pursuant to this subsection shall be effective only for the triennial period in which such waiver is granted. If the condition(s) that necessitated the waiver persists into the next triennial period, a licensee shall apply to the Board for the renewal of such waiver for the new triennial period.
(d) A licensee shall not be required to satisfy the requirements of (a) above for the initial renewal of his or her license, but shall be required to satisfy the requirements of (a) above as a condition for triennial license renewal for all subsequent triennial renewal periods.
(e) Inactive licensees shall be exempt from continuing professional education requirements. Inactive licensees are those who do not practice accounting (public or private), or hold themselves out to the public as practicing accountants in any professional capacity, or use the title or designation of certified public accountant, public accountant, accountant, or auditor without the word "inactive," pursuant to N.J.A.C. 13:29-1.7(c).