I Call to Order and Roll Call - 9:30 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. Albertus Jenkins, Board President, called the meeting to order at 9:40 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; Melba Rodriguez, Secretarial Assistant; Marie Lisa, Staff; Ralph Thomas, Executive Director, NJSCPA; James Blake, CPA, President, NJSCPA; Mike Polito, Past President, NJSCPA; Burt Zocks, CPA, NJAPA and David Plaskow, Editor, NJSCPA Magazine.

II Minutes of the Meeting of July 17, 2008

On a motion made by Andrew DuBoff, seconded by Donald Jump, the Board voted to approve the July 17, 2008 Public Session minutes with corrections. The vote of the Board was unanimous.

III President’s Remarks

President Jenkins had no report for the Board.

IV Executive Director’s Remarks

Executive Director Mandeville introduced DAG Tobey Palan to the Board. He informed the Board that DAG Palan would be working with the Accountancy Board on a temporary basis; however, her appointment could become permanent.

The Board welcomed DAG Palan.

V 2009 Board Meeting Dates

Executive Director Mandeville presented the Board with the Board meeting dates for calendar year 2009.

Executive Director Mandeville informed the Board that the Board meeting of November 20, 2008 has been changed to November 13, 2008 and it will be held in the 5th Floor conference room.

VI Focus Questions

On a motion made by Andrew DuBoff, seconded by Robert Sommer, the Board voted to authorize Andrew DuBoff and Executive Director Mandeville to finalize answers to the Focus Questions and submit them to NASBA by October 1, 2008. The vote of the Board was unanimous.

VII Request for Waiver

A Stephanie L. Dambaugh

Ms. Dambaugh requested a waiver under N.J.S.A. 45:2B-53, in reference to the 150 semester hour educational requirement. Ms. Dambaugh is licensed in the State of Pennsylvania.

On a motion made by Donald Jump, seconded by Keith Balla, the Board voted to deny Ms. Dambaugh’s request for a waiver to reciprocate her Pennsylvania license. She is to be informed that she must complete the credits she is lacking or wait until April 2009 when she would qualify for a reciprocal license under N.J.S.A. 45:2B-53. The vote of the Board was unanimous.

B James W. Nowoswiat

Mr. Nowoswiat requested to use his Pennsylvania license to reinstate his New Jersey license. Mr. Nowoswiat is lacking six credits in Finance.

On a motion made by Donald Jump, seconded by Robert Sommer, the Board voted to approve Mr. Nowoswiat’s request to reinstate his license. The vote of the Board was unanimous.

VIII Legislative Matters

A Assembly Bill, No. 789 - Approved August 12, 2008

This is an Act concerning the expiration date of certain professional and occupational licenses and registrations for certain members of the Armed Forces of the United States.

The Chair directed that Bill A-789 be accepted as informational.

IX Miscellaneous

A Marc Sanderson, CPA

Mr. Sanderson’s client was a partner in a limited liability company which was terminated in 2007. Mr. Sanderson questions whether or not the CPA, who was a partner of the company, has an obligation to provide Mr. Sanderson’s client with a complete copy of the tax return.

On a motion made by Andrew DuBoff, seconded by Donald Jump, the Board voted to inform Mr. Sanderson that this matter is not within the Board’s scope of power and unfortunately they are not able to provide a response. DAG Palan was given the authorization to call Mr. Sanderson and explain this matter to him. The vote of the Board was unanimous.

X Committee Reports

A CPA Examination Committee

Aubrey Kosson informed the Board that he has made arrangements for Margaret Shoe to visit the Deptford Prometric testing facility.

B Ethics Committee

Donald Jump had no report for the Board.

C CPE Committee

Robert Sommer informed the Board that a CPE Committee meeting has been scheduled for October 8, 2008.

D RMA Committee

Robert Cagnassola informed the Board that the RMA exam will be Friday, December 5, 2008.

E QE Committee

Robert Cagnassola informed the Board that the QE proposed rule is moving forward.

F Education Committee

Bennie Hadnott had no report for the Board.

G Reciprocity Committee

Keith Balla reported to the Board that a Reciprocity Committee meeting should be scheduled to discuss changes made by other State Boards of Accountancy.

H Nominating Committee

Andrew DuBoff had no report for the Board.

I Statute/Rules/Regulations Committee

Andrew DuBoff reported to the Board that a Statute/Rules/Regulations Committee meeting should be scheduled to discuss the mobility legislation and its effects.

J Planning Committee

Margaret Shoe informed the Board that in June the Committee requested that she investigate the possibility of sending notices along with license renewal letters in order to attempt to obtain licensees’ e-mail addresses. Subsequently, in August, she contacted June Levy and conveyed the Board’s intentions to her. Ms. Levy informed Ms. Shoe that Paul Ray is the person in charge of the renewal forms and that Fran Widrich is in charge of any mailings to be included in the renewal mailings. Maria Lapola is in charge of mailing out information concerning license renewal. Ms. Shoe was informed that it would not be a problem to insert a request for email addresses with the renewal information. It may also be possible to send out notices before the renewals are mailed. Ms. Shoe was informed that costs would not be an issue to the Board. Consumer Affairs has a news release and the Board can add messages and web links as another means of communication. She was also informed in mid-August that it was not too late to send out letters or messages requesting the licensees’ cooperation with providing e-mail addresses. Ms. Levy would speak to the appropriate people and get back to Ms. Shoe.

On a motion made by Bennie Hadnott, seconded by Keith Balla, the Board voted to send notices with the renewal forms, if possible, requesting licensees to provide e-mail addresses with their renewal document. The vote of the Board was unanimous.

K Monitoring Profession Committee

John Dailey had no report for the Board.

XI Public Comments

James Blake, CPA, President, NJSCPA informed the Board of upcoming meetings the Society is conducting with managing partners of major firms. These meetings will be held on September 22, 2008 in Iselin, NJ and September 23, 2008 at the Society’s offices in Roseland, NJ. Mr. Blake also informed the Board that $50,000 is being dedicated from the Society’s Scholarship Fund to the AICPA’s PhD. program due to the severe shortage of accounting professors.

On October 2, 2008 the Society will be conducting Career Night at Pines Manor, Edison, NJ. All Board members are invited to attend. On December 15, 2008 the Society will be hosting their Holiday Luncheon at the Society headquarters in Roseland, NJ. All again are welcome to attend.

Mr. Blake reported to the Board that there will be a retreat of government and business leaders held in Crystal Springs at the end of September to discuss ideas for improved economic development in the State.

Mike Polito, Past President of the NJSCPA, reported to the Board that he has started the preparation of the NJSCPA’s law and ethics program for the next triennial period. Mr. Polito reminded the Board that three years ago the Ethics Committee held a meeting with potential law and ethics course developers and he would like to see that happen again. Mr. Jump agreed that that meeting was helpful and agreed to have a similar meeting before the next triennial period begins.

Ralph Thomas, Executive Director, NJSCPA informed the Board that the Society would be having their bi-annual administrative peer review and that it would take place on October 6-7, 2008.

Mr. Thomas informed the Board of a report released by the State Comptroller, Mr. Boxer, dated August 12 regarding audits of governmental entities. He stated that the Society had some concerns regarding the report and was planning a response to the recommendations contained therein.

Mr. Thomas reported to the Board that the Society has provided comments on the Board’s peer review proposal and submitted them to Executive Director Mandeville for consideration.

Mr. Thomas stated that the Society is doing everything in its power to get the word out regarding the upcoming license renewal period in an attempt to eliminate the complications relative to renewals three years ago.

Executive Director Mandeville reminded everyone that licensees have the option to renew inactive paid if they have not completed and are not in compliance with CPE requirements. It is very important that all licensees take the time to read the renewal form carefully before making their selections.

On a motion made by Donald Jump, seconded by John Dailey, the Board voted to adjourn the Public Session meeting at 10:50 A.M. and to reconvene in Executive Session to discuss the results of the Investigative Inquiry conducted on September 4, 2008, three matters of New Business, four matters of Old Business, one Failure to Comply with CPE, three Requests for Reinstatement and six Consumer Complaints. The vote of the Board was unanimous.

Respectfully submitted,

William Mandeville
Executive Director