I Call to Order and Roll Call - 9:40 A.M.

A meeting of the New Jersey State Board of Accountancy was convened in accordance with the provisions of the Open Public Meetings Act. Pursuant to those provisions, the proper notifications were made to the Office of the Secretary of State, the Camden Courier-Post, the Trenton Times, the Asbury Park Press, the Record, and the Star-Ledger. Board President Donald Jump called the meeting to order at 9:35 a.m. The following roll call was taken:

Keith Balla, CPA Present
Robert Cagnassola, CPA Present
John Dailey, Jr., CPA Present
Andrew DuBoff, CPA Present
Bennie Hadnott, CPA Present
Albertus Jenkins, Public Member Present
Donald Jump, CPA Present
Aubrey Kosson, CPA Present
Margaret Shoe, PA Present
Robert Sommer, PA Present
Peter Torok, Public Member Excused

Also present at the meeting were William Mandeville, Executive Director; Tobey Palan, Deputy Attorney General; Marie Lisa, Staff; Jeff Kaszerman, Government Relations Manager, NJSCPA and David Plaskow, Editor, NJSCPA Magazine.

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II Minutes of the Meeting of May 21, 2009

On a motion made by Andrew DuBoff, seconded by Robert Sommer, the Board voted to approve the May 21, 2009 Public Session minutes with corrections. The vote of the Board was unanimous.

III President’s Remarks

President Jump acknowledged Past-president Albertus Jenkins for a job well done.

IV Executive Director’s Remarks

Executive Director Mandeville had no report for the Board.

V Committee Reports

A CPA Examination Committee

Aubrey Kosson had no report for the Board.

B Ethics Committee

Keith Balla had no report for the Board.

C CPE Committee

Robert Sommer distributed a summary of the Committee’s April 16th and May 21st meetings. During those meetings action was taken approving 11 sponsor applications and 2 credit requests.

D RMA Committee

Robert Cagnassola had no report for the Board.

E QE Committee

Robert Cagnassola noted that there was no progress to report on the proposed Peer Review regulations and otherwise had no report for the Board.

F Education Committee

Bennie Hadnott had no report for the Board.

G Reciprocity Committee

Keith Balla had no report for the board.

H Nominating Committee

Andrew DuBoff had no report for the Board.

I Statute/Rules/Regulations Committee

Andrew DuBoff informed the Board that a meeting of the Committee has been scheduled for July 23rd to continue the review of all rules and regulations which are scheduled to "sunset" at the end of 2010.

J Planning Committee

Margaret Shoe had no report for the Board.

K Monitoring Profession Committee

John Dailey had no report for the Board.

VI Public Comments

There were no comments from the public.

On a motion made by Robert Cagnassola, and seconded by Robert Sommer, the Board voted to adjourn the Public Session meeting at 9:50 A.M. to reconvene in Executive Session to discuss the results of the Investigative Inquiry conducted on June 4, 2009, one matter of new business, three matters of old business, two PCAOB reports, three requests for waivers, one request for reinstatement and four consumer complaints. The vote of the Board was unanimous.

Respectfully submitted,

William Mandeville
Executive Director