Retain Your CPE Records an Extra Year
November 23, 2016
By regulation, New Jersey CPA licensees are required to retain proof of CPE credits earned for five years. In anticipation of a periodic random audit, the New Jersey State Board of Accountancy is asking CPAs to retain their CPE records for an additional year. Records of CPE credits earned dating back to 2012 should be retained until January 2018, according to the following notice published by the board on December 2:
As you are aware, N.J.A.C. 13-29-6.8 requires all licensees to retain their Continuing Professional Education Records for five years from the date the course was taken. Shortly, a list of randomly-selected licensees will be notified that they have been selected to be audited for those credits. For those licensees whose credits were taken in 2012, the 5 year retention time frame is approaching and the BOA is requesting that proof of all credits taken by all licensees are retained for an additional one year time period, until December 31, 2017.
NJCPA members can utilize the CPE Tracker to easily maintain a list of CPE credits earned.