New Jersey State Board of Accountancy
CPE Requirements During Current Triennial Period
(Ending 12/31/08)
It has come to the Board’s attention that there may be some confusion among licensees regarding certain aspects of the CPE requirements. As a result, the Board wishes to inform all licensees of the following:
- While it is possible that revised CPE regulations will be adopted during the current triennial period, any and all changes reflected therein will be effective subsequent to the date of adoption, i.e., they will not be retroactive to January 1, 2006.
- Consequently, all CPE credits earned prior to the adoption of revised regulations continue to be fully subject to the currently existing regulations (for example, self-study continues to be subject to the "two for one rule").
- The Board continues to urge all licensees to earn their CPE credits consistently over the three-year period, rather than to defer their efforts until late in the cycle. In this regard, since there is no statutory or regulatory authority for a "grace period", licensees (other than those who are exempt from the requirement) who intend to renew as "active" effective January 1, 2009 must complete all their CPE credits not later than December 31, 2008.
Finally, all licensees are reminded that any deviations from the above must be dealt with through direct communication with the Board
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