New Jersey Administrative Code

Notes N.J. Admin. Code § 13:29-1.12 New Rule, R.1976 d.87, eff. 3/16/1976. See: 8 N.J.R. 45(a), 8 N.J.R. 204(b). Repeal and New Rule, R.1985 d.287, effective 6/3/1985. See: 17 N.J.R. 557(a), 17 N.J.R. 1424(a). Amended by R.1991 d.319, effective 7/1/1991. See: 23 N.J.R. 1061(a), 2…

Notes N.J. Admin. Code § 13:29-1.13 R.1978 d.243, effective 7/21/1978. See: 10 New Jersey Register 165(b), 10 New Jersey Register 352(c). Readopted by R.1984 d.312, filed June 29, 1984. See: 16 New Jersey Register 1026(a), 16 New Jersey Register 2004(a). Section expired July 21, …

Notes N.J. Admin. Code § 13:29-1.14 New Rule, R.1986 d.172, effective 5/19/1986. See: 18 New Jersey Register 264(a), 18 New Jersey Register 1104(b). Amended by R.2000 d.222, effective 6/5/2000. See: 32 New Jersey Register 987(a), 32 New Jersey Register 2089(a). Substituted "is re…

(a) The Board shall hold an annual meeting, in each year, in the month of April for the purpose of electing officers, from among its members, each for the term of one year, or until a qualified successor has been duly elected. (b) Regular monthly meetings will be held in accordan…

(a) A licensee of the Board of Accountancy shall notify the Board in writing of any change of his or her address of record. For purposes of this section, "address of record" means an address designated by a licensee which is part of the public record and which may be disclosed up…

The act of filing an application for examination, or an application for licensure by waiver of examination based upon licensure in another jurisdiction, shall constitute an agreement on the part of the applicant that the applicant will observe and conform to the requirements of t…

(a) Fees for Certified Public Accountants, Public Accountants, and accounting firms, including sole proprietorships, partnerships, professional corporations, limited liability companies, or limited liability partnerships are as follows: 1. Application fee: $ 75.00; 2. Initial lic…

Any licensee of the Board of Accountancy, upon conviction of any crime, shall notify the Board of Accountancy of such conviction in writing within 30 days. Notes N.J. Admin. Code § 13:29-1.6 New Rule, R.1986 d.172, effective 5/19/1986. See: 18 New Jersey Register 264(a), 18 New J…

(a) The Board shall send a notice of renewal to each licensee, at least 60 days prior to the expiration of the license. The notice of renewal shall explain inactive renewal and advise the licensee of the option to renew as inactive. If the notice to renew is not sent 60 days prio…

(a) A licensee who holds an inactive license, pursuant to N.J.A.C. 13:29-1.7(c), may apply to the Board for reactivation of the inactive license. A licensee seeking reactivation of an inactive license shall submit: 1. A renewal application; 2. A certification of employment listin…

(a) A licensee who has had his or her license suspended pursuant to N.J.A.C N.J.A.C. 13:29-1.7(e) may apply to the Board for reinstatement. A licensee applying for reinstatement shall submit: 1. A reinstatement application; 2. A certification of employment listing each job held d…

(a) An applicant for licensure as a certified public accountant shall pass the computer-based Certified Public Accountant Examination, prepared by the Board of Examiners of the American Institute of Certified Public Accountants. Applications to take the Certified Public Accountan…

(a) Applicants who satisfy the requirements of this subchapter shall pay the initial license fee as set forth in N.J.A.C. 13:29-1.5. (b) Every successful applicant shall comply with the Rules of Professional Conduct in N.J.A.C. 13:29-3. Notes N.J. Admin. Code § 13:29-1A.10 Amende…

(a) In accordance with N.J.S.A. 45:2B-54 or 55, an entity that is required to register as a firm engaged in the practice of attest services or public accountancy shall submit an application for registration, which shall be accompanied by the application and licensing fees as set …

Within six months of initial licensure in New Jersey, a licensee shall complete an orientation course, which at a minimum, shall include a four-credit course in New Jersey law and ethics approved by the Board pursuant to N.J.A.C. 13:29-6.3A and 6.6(c). Within 30 days of completin…

(a) Upon approval of an examination application submitted pursuant to N.J.A.C. 13:29-1A.1, an admission card shall be sent to the applicant which shall be used for admittance to the examination room. The card shall be kept in the possession of the applicant during the Certified P…

(a) Applications to take the Certified Public Accountant Examination shall be accompanied by the following items: 1. A two-inch by two-inch passport photograph, front view, without a hat, taken within 30 days prior to filing an application; and 2. An evaluation of educational cre…

(a) An applicant may take the required test sections of the Certified Public Accountant Examination individually and in any order. Credit for any test section(s) passed shall be valid for 18 months from the actual date the applicant took that test section, without having to attai…

(a) An applicant who has served in the Armed Forces of the United States (Armed Forces) and who does not meet all of the training, education, and experience requirements for licensure under N.J.A.C. 13:29-1A.3 may apply to the Board for recognition of the applicant's training, ed…

Notes N.J. Admin. Code § 13:29-1A.6 Amended by R.1983 d.211, effective 6/20/1983. See: 14 N.J.R. 1279(a), 15 N.J.R. 1035(c). In (b), deleted old 1.-9. and added 1.-9. Readopted by R.1984 d.311, filed June 29, 1984. See: 16 N.J.R. 1025(a), 16 N.J.R. 2003(b). Repeal and New Rule, R…

(a) Notwithstanding any other provisions of this subchapter, the Board may postpone scheduled examinations, the release of grades, or the issuance of licenses due to a breach of examination security; unauthorized acquisition or disclosure of the contents of an examination; suspec…

(a) Applications for licensure by waiver of examination based upon licensure in another jurisdiction shall be made on a form supplied by the Board that shall require applicants to provide the following information: 1. The month and year of the applicant's successful completion of…

The holder of a license as a Certified Public Accountant, Public Accountant, or Registered Municipal Accountant shall be granted a Public School Accountant's license upon application to the Board, and the payment of the initial license fee set forth in N.J.A.C. 13:29-1.5. Notes N…

Every applicant for the Registered Municipal Accountant Examination shall submit to the Board a written application on a form to be provided by the Board and a two-inch by two-inch, passport photograph, front view, without a hat, taken within 30 days prior to application, provide…

(a) The Registered Municipal Accountant's examination shall be held in December of each year, at a place designated by the Board. Applications shall be filed with the Executive Director of the Board by November 1 for the December examination. (b) After the application has been ap…

(a) Applicants who satisfy the requirements of this subchapter shall pay the initial license fee set forth in N.J.A.C. 13:29-1.5. (b) Applicants granted a license pursuant to this subchapter shall comply with the Rules of Professional Conduct set forth in N.J.A.C. 13:29-3. Notes …

(a) A licensee or a firm of which he or she is a partner, member or a shareholder shall not express an opinion on financial statements of an entity or organization in such a manner as to imply that he or she is acting as an independent public accountant with respect thereto unles…

(a) A licensee shall not use or participate in the use of any form of public communication having reference to the licensee's professional services, which contains a false, fraudulent, misleading, deceptive, or unfair statement or claim. Solicitation by the use of coercion, or ov…

A licensee may directly or indirectly solicit clients by circulars, advertisements or personal communications provided such circulars, advertisements or personal communications do not violate N.J.A.C. 13:29-3.10. Notes N.J. Admin. Code § 13:29-3.11 As amended, R.1980 d.31, eff. 1…

(a) A performance fee is compensation to a licensee on the basis of a share of the capital gains upon, or the capital appreciation of, the funds or any portion of the funds of a client. (b) A licensee in public practice shall not receive a commission or performance fee for recomm…

§ 13:29-3.13 - Reserved Notes N.J. Admin. Code § 13:29-3.13

Notes N.J. Admin. Code § 13:29-3.14 Repealed by R.2000 d.222, effective 6/5/2000. See: 32 New Jersey Register 987(a), 32 New Jersey Register 2089(a). Section was "Form of practice".

A licensee shall not practice public accountancy under a firm name which is misleading in any way, as to the legal form of the firm, or as to the persons who are partners, officers, or shareholders of the firm, or as to any matter with respect to which public communications are r…

(a) A licensee or the licensee's firm shall furnish to the licensee's client or former client, upon request made within a reasonable time after original issuance of the document in question: 1. A copy of a tax return of the client; 2. A copy of any report, or other document, issu…

Notes N.J. Admin. Code § 13:29-3.17 As amended, R.1982 d.407, eff. 11/15/1982. See: 14 New Jersey Register 895(a), 14 New Jersey Register 1309(b). Deleted text concerning independent opinions.

Notes N.J. Admin. Code § 13:29-3.18 As amended, R.1982 d.407, eff. 11/15/1982. See: 14 New Jersey Register 895(a), 14 New Jersey Register 1309(b). Deleted text concerning violations.

All licensees shall comply with the Code of Professional Conduct of the American Institute of Certified Public Accountants (AICPA Code of Professional Conduct), incorporated herein by reference, effective December 15, 2014 (early implementation policy), as amended and supplemente…

A licensee or the licensee's firm shall not knowingly misrepresent facts, and when engaged in the practice of public accounting, including the rendering of tax and management advisory services, shall not subordinate the licensee's judgment to others. In tax practice, a licensee o…

A licensee or the licensee's firm shall not undertake any engagement for the performance of professional services which the licensee cannot reasonably expect to complete with due professional competence, including compliance, where applicable, with N.J.A.C. 13:29-3.5 and 3.6. Not…

A licensee or the licensee's firm shall not in the performance of professional services permit the licensee's name to be used in conjunction with any forecast of future transactions in a manner which may reasonably lead to the belief that the licensee vouches for the achievabilit…

(a) A licensee or the licensee's firm shall not permit the licensee's name to be associated with financial statements in such a manner as to imply that the licensee is acting as an independent public accountant with respect to such financial statements unless the licensee has com…

(a) A licensee or the licensee's firm shall not express an opinion that financial statements are presented in conformity with generally accepted accounting principles (GAAP) if such financial statements contain any departure from such accounting principles which has a material ef…

(a) A licensee or the licensee's firm shall not without the consent of the licensee's client disclose any confidential information pertaining to the licensee's client obtained in the course of performing professional services. (b) This rule shall not: 1. Relieve a licensee of any…

(a) A contingent fee is a fee established for the performance of any service pursuant to an arrangement in which no fee will be charged unless a specified finding or result is attained, or in which the amount of the fee is otherwise dependent upon the finding or result of such se…

Notes N.J. Admin. Code § 13:29-3.9 As amended, R.1982 d.407, eff. 11/15/1982. See: 14 N.J.R. 895(a), 14 N.J.R. 1309(b). Deleted old text concerning name of practice and added new text concerning discreditable acts. Amended by R.2000 d.222, eff. 6/5/2000. See: 32 N.J.R. 987(a), 32…

(a) An individual whose principal place of business is not in New Jersey shall be entitled to practice as a certified public accountant in the State, consistent with the requirements of this subchapter and N.J.S.A. 45:2B-50.1, without having to obtain a license, notify the Board …

(a) A firm that does not have an office in New Jersey shall register with the Board and pay the fee set forth in N.J.A.C. 13:29-1.5, if the firm performs the following attest services for a client having its home office in this State: 1. A financial statement audit or other engag…