Accountancy Act
New Jersey · Professions and Occupations · §§ 45:2B-42 to 45:2B-75 · 35 sections
Overview
The Accountancy Act governs the practice of public accounting, setting the terms on which individuals and firms may hold themselves out as accountants and use the title "certified public accountant." It creates a board of accountancy — providing for its members' appointment and qualifications, meetings, quorum, vacancies, and removal, along with staff support — and empowers that board to adopt rules, administer examinations, and issue certificates, licenses, and practice permits. The act also fixes the education, experience, and examination requirements for certification, provides for recognizing accountants licensed elsewhere through reciprocity and substantial equivalency, and addresses supervision of practice, waivers, fees, and inactive status for those not currently practicing.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- N.J. Stat. Ann. § 45:2B-42Short title
- N.J. Stat. Ann. § 45:2B-43Findings, declarations relative to practice of accounting
- N.J. Stat. Ann. § 45:2B-44Definitions relative to the practice of accounting
- N.J. Stat. Ann. § 45:2B-45New Jersey State Board of Accountancy
- N.J. Stat. Ann. § 45:2B-46Membership; terms; vacancies; removal
- N.J. Stat. Ann. § 45:2B-47Oath by members of board, officers, rules, etc
- N.J. Stat. Ann. § 45:2B-48Powers of board
- N.J. Stat. Ann. § 45:2B-49Application for licensure; requirements
- N.J. Stat. Ann. § 45:2B-50Examination required for issuance of license
- N.J. Stat. Ann. § 45:2B-50.1Standards for individual with principal place of business out-of-State
- N.J. Stat. Ann. § 45:2B-51Requirements for licensure
- N.J. Stat. Ann. § 45:2B-52Persons currently registered continue to hold designation
- N.J. Stat. Ann. § 45:2B-53Waiving of examination
- N.J. Stat. Ann. § 45:2B-54Requirements for registration of firm in practice of attest services or public accountancy
- N.J. Stat. Ann. § 45:2B-54.1Requirements for non-licensed owners
- N.J. Stat. Ann. § 45:2B-55Requirements for registration as firm of public accountants
- N.J. Stat. Ann. § 45:2B-57Triennial registration for firm; fee
- N.J. Stat. Ann. § 45:2B-58Triennial renewal of license; fee
- N.J. Stat. Ann. § 45:2B-59Revocation of license, registration
- N.J. Stat. Ann. § 45:2B-60Modification of suspension, reissuance of license, registration
- N.J. Stat. Ann. § 45:2B-61Issuance of report on financial statements prohibited; exceptions
- N.J. Stat. Ann. § 45:2B-62Use of title, designation requires licensure, registration; exceptions
- N.J. Stat. Ann. § 45:2B-63Violations, referral to authority; immunity of board members
- N.J. Stat. Ann. § 45:2B-64Single prohibited act justifies penalty
- N.J. Stat. Ann. § 45:2B-65Disclosure of client information
- N.J. Stat. Ann. § 45:2B-66Disposition of records
- N.J. Stat. Ann. § 45:2B-67Quality Enhancement Program
- N.J. Stat. Ann. § 45:2B-68Continuing professional education required for license renewal; orientation, certain
- N.J. Stat. Ann. § 45:2B-69Construction of terms
- N.J. Stat. Ann. § 45:2B-70Requirements for qualification as registered municipal accountant
- N.J. Stat. Ann. § 45:2B-71Continuing education required for registered municipal accountant
- N.J. Stat. Ann. § 45:2B-72Municipal, county audit signed by RMA
- N.J. Stat. Ann. § 45:2B-73Qualification as public school accountant
- N.J. Stat. Ann. § 45:2B-74School district audit signed by PSA
- N.J. Stat. Ann. § 45:2B-75Current regulations unaffected
Enacted in other states
Alaska, Idaho, Louisiana, New Hampshire, Rhode Island, Tennessee
All New Jersey named statutes →
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