New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 29 - NEW JERSEY STATE BOARD OF ACCOUNTANCY › Subchapter 6 - CONTINUING PROFESSIONAL EDUCATION › Section 13:29-6.5 - Continuing professional education programs and other sources of continuing professional education credit

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The following qualify as continuing professional education programs provided they contain the subjects enumerated in N.J.A.C. 13:29-6.3 and 6.4 and meet the continuing professional education program criteria requirements as set forth in N.J.A.C. 13:29-6.6 or 6.6A.
1. Continuing professional education programs of national or state professional organizations: Continuing professional education credit shall be granted at the rate of one credit hour for every 50 minutes of in-class participation.
2. Accredited university or college courses in qualifying technical subjects set forth in N.J.A.C. 13:29-6.3only.
i. Continuing professional education credit shall be granted for university or college courses in accordance with the following:
(1) Applicants shall receive: 15 credits of continuing professional education credit for each semester or trimester credit earned; 10 credits of continuing professional education credit for each credit earned in a quarter; and
(2) Applicants attending noncredit courses shall be granted continuing professional education credit at the rate of one credit for every 50 minutes of in-class participation.
ii. Continuing professional education shall not be granted for attending college or university courses that were used to satisfy the individual's initial professional licensure requirements or CPA examination preparation/review courses.
3. In-firm educational programs of public accounting firms: Continuing professional education credit shall be granted at the rate of one credit for every 50 minutes of in-firm participation.
4. Correspondence programs, other individual study programs, and blended learning programs: Continuing professional education credit shall be granted for correspondence programs, other individual study programs, and blended learning programs offered by sponsors who have been registered with the National Association of State Boards of Accountancy (NASBA). Credit shall be granted in accordance with Standard No. 16 of the American Institute of Certified Public Accountants/National Association of State Boards of Accountancy's (AICPA/NASBA's) Statement on Standards for Continuing Professional Education (CPE) Programs, effective September 1, 2016, incorporated herein by reference, as amended and supplemented. The Statement on Standards for Continuing Professional Education (CPE) Programs is located on NASBA's National Registry of CPE Sponsors website,
http://www.nasbaregistry.org/
. Credit for correspondence, other individual study programs, and blended learning programs shall only be given in the renewal period in which the course is completed with a successful final examination.
5. Group Internet-based programs: Continuing professional education credit for group Internet-based programs shall be awarded as follows:
i. Group Internet-based programs must employ learning methodologies that clearly define learning objectives, guide the participant through the learning process, and provide evidence of a participant's satisfactory completion of the program.
ii. Group Internet-based programs must have a live instructor while the program is being presented. Program participants must be able to interact with the live instructor while the course is in progress and have the opportunity to ask questions and receive answers during the presentation.
iii. Once a group Internet-based program is recorded or archived for future presentation, it will continue to be considered a group Internet-based program only where a live subject matter expert facilitates the recorded presentation, and credit is given by the original sponsor of the program. Any future presentations that do not include a live subject matter expert will be considered a correspondence or individual study program which must meet all of the correspondence or individual study program requirements set forth in (a) 4 above.
iv. Credit for a group Internet-based program will be granted at the rate of one credit for every 50 minutes of the licensee's participation.
6. Nano learning programs: Continuing professional education credit shall be granted for nano learning programs that meet the requirements of Standard No. 10 of the American Institute of Certified Public Accountants/National Association of State Boards of Accountancy's (AICPA/NASBA's) Statement on Standards for Continuing Professional Education (CPE) Programs, effective August 1, 2016, which is incorporated herein by reference, as amended and supplemented. Credit for nano learning programs shall be granted as one-fifth credit (0.2 credit) in accordance with Standard No. 16 of the AICPA/NASBA's Statement on Standards for Continuing Professional Education (CPE) Programs, effective August 1, 2016, which is incorporated herein by reference, as amended and supplemented. The Statement on Standards for Continuing Professional Education (CPE) Programs is located on NASBA's National Registry of CPE Sponsors website,
http://www.nasbaregistry.org/
.
7. Continuing professional education programs from continuing professional education sponsors approved by the Board in accordance with N.J.A.C. 13:29-6.6. Continuing professional education credit shall be granted at the rate of one credit for every 50 minutes of in-class participation.