N.J. Admin. Code § 13:29-6.2 - Credit requirements
(a) Each applicant for a triennial license
renewal is required to complete, during the preceding triennial period, 120
credits of continuing professional education, except as provided in (c) through
(f) below. All applicants shall complete a minimum of 20 credits of continuing
professional education in each year of the triennial period. The types of
continuing professional education programs and other sources of continuing
professional education for which credits may be obtained are set forth in
N.J.A.C.
13:29-6.5. The 120 credits of continuing
professional education shall include at least 24 credits in the areas of
accounting or auditing, which may include review and compilation, for licensees
who are engaged in the practice of public accountancy. All applicants shall
complete at least 60 credits of the required 120 credits in the technical
subjects set forth in
N.J.A.C.
13:29-6.3. All applicants shall complete four
credits of the required 120 credits in the New Jersey law and ethics course set
forth in N.J.A.C. 13:29-6.3A. The remaining
56 credits of the required 120 credits may include subjects specified in
N.J.A.C.
13:29-6.4. No licensee shall receive credit
for any course offered by a Board-approved continuing professional education
sponsor in subjects other than those enumerated in
N.J.A.C.
13:29-6.3, 6.3A, or 6.4.
(b) Failure to meet triennial continuing
professional education requirements may subject a licensee to disciplinary
action by the Board.
(c) A licensee
shall obtain the required amount of continuing professional education set forth
in (a) above by the last day of the triennial renewal period. A licensee who
fails to obtain the required amount of continuing professional education by the
last day of the triennial renewal period shall be deemed to have failed to
comply with the requirements of this subchapter. The Board may, however, in its
discretion, waive requirements for continuing professional education on an
individual basis for reasons of hardship, such as health, military service, or
other due cause, upon written request by the licensee at least 60 days prior to
the last day of the triennial renewal period then in effect. A waiver of
continuing professional education requirements granted pursuant to this
subsection shall be effective only for the triennial period in which such
waiver is granted. If the condition(s) that necessitated the waiver persists
into the next triennial period, a licensee shall apply to the Board for the
renewal of such waiver for the new triennial period.
(d) A licensee shall not be required to
satisfy the requirements of (a) above for the initial renewal of his or her
license, but shall be required to satisfy the requirements of (a) above as a
condition for triennial license renewal for all subsequent triennial renewal
periods.
(e) Inactive licensees
shall be exempt from continuing professional education requirements. Inactive
licensees are those who do not practice accounting (public or private), or hold
themselves out to the public as practicing accountants in any professional
capacity, or use the title or designation of certified public accountant,
public accountant, accountant, or auditor without the word "inactive," pursuant
to N.J.A.C.
13:29-1.7(c).
Notes
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