Mandatory CPE Requirements

The following charts highlight the mandatory CPE requirements for New Jersey, the AICPA, New York and Pennsylvania, as well as the specific requirements for CPAs in government. To view CPE requirements for other states, click here.

CPAs Look to CPE for Inspiration

 – October 14, 2022
CPAs Look to CPE for Inspiration

CPE course offerings have evolved over the course of the pandemic. New technological advantages and niche training needs are compelling CPAs to delve into new knowledge areas, find better ways to obtain leads, empower staff and change outdated modes of operating forever. We asked several CPE providers what content trends they’re seeing and what methods of learning CPAs are gravitating towards today.

What kind of learning/programs are in high demand among CPAs looking to fulfill CPE requirements?

John H. Higgins, CPA.CITP

We have experienced a number of interesting changes in CPA learning patterns (a.k.a. CPE) over the past year, partially as a result of the pandemic environment and partially due to the rapid evolution of technology impacting CPAs and other financial profes­sionals. Regarding delivery formats, there has been a substantial transformation to favoring online or virtual learning programs over in-person learning. Obviously, this trend was originally fueled by the pandemic and related lockdowns. However, it also introduced many CPAs to the convenience of online learning, so we believe most of the transformation will stick. Now that many CPA associations are beginning to offer in-person learning again, there is clearly a segment of the profession that prefers in-person learning and are excited to be back networking and learning with their peers. Many associations are offering a hybrid format of online virtual attendance and in-person for selected events, which optimizes the opportunities to meet their members’ needs. Related to this trend, we are experiencing a greater number of registrations coming in closer to the event date, even the day of, since online events don’t require local or long-distance travel, as well as the fact that there is an abundance of online learning offerings to choose from. This has also increased interest in on-demand/self-study courses that can be taken 24x7. The last point about this is a substantial trend towards shorter programs of one to two CPE credits. People are fatigued with long days of on-screen learning.

Angela Russo, MBA

Our Virtual CPE Pass was extremely successful during the pandemic as CPAs looked for convenient and affordable ways to meet their annual CPE requirements. This trend continues today as we are still seeing demand for virtual programming. On-demand learning, in particular, draws a lot of interest since CPAs can obtain CPE when and where they want it. The NJCPA is adding on-demand programs and subscriptions to address our members’ needs. We’ve partnered with many vendors that provide high-quality and relevant content, and we also create our own content. Micro-certifications in niche areas is trending and will be offered to members.

Are CPAs looking to solidify particular niche areas of expertise?

Renee Rampulla, CPA, CGMA

The CPA profession has always been very forward thinking. As the physical, virtual and technological environment of our clients and employers change, the CPA profession continues to evolve in order to meet the demands brought about by these changes. There are several emerging topics that come to mind. For example, there is an increased need to understand the digital asset ecosystem. How are digital assets accounted for, valued and audited? What types of controls are needed and are they regulated? Another emerging topic is envi­ronmental, social and governance (ESG). There are increased pressures in the United States and the global business environment to report ESG data. ESG presents a wonderful opportunity for CPAs who have always been viewed as the trusted professional. CPAs are learning how to leverage their expertise and skill sets to ensure the reliability of ESG reporting. Lastly, as the reliance on the use of service organizations (i.e., outsourcing payroll processing, cloud computing) continues to increase, the need to understand the effectiveness of the service organization’s internal controls and safeguards also increases. Knowing what a service organization controls (SOC) report is, when it is needed and what type of report is needed becomes increasingly important. There will always be a demand for conventional accounting and auditing courses, but as the business environment evolves, continuing education for CPAs will need to expand to meet emerging topics and opportunities.

Donny C. Shimamoto, CPA.CITP, CGMA

I’m seeing more requests than ever this year for training related to digital transfor­mation — not how to actually do it from a technology perspective, but how accountants can help their firms or companies balance risk and innovation. Cybersecurity remains a highly requested session, too, especially as it relates to risk assessment, incident response and business continuity — all key areas for CPAs to collaborate with IT to ensure the business impacts of cybersecurity are considered and addressed.

John H. Higgins, CPA.CITP

Specific niche areas that have grown in interest include data analytics and dashboard reporting, cryptocurrency and blockchain technology, CPA practice technology and CAAS (client accounting and advisory services) business models and best practices.

Angela Russo, MBA

Relevant CPE hot topics include Schedules K-2/K-3; cannabis; New Jersey Pass-Through Business Alternative Income Tax (BAIT); environmental, social and governance (ESG); and data analytics.

Are CPAs looking to augment certain skillsets over others as they prepare for the future?

Richard Daisley, CPA

While technical expertise is fundamental to our profession, CPAs that are managing the significant disruption caused by the COVID-19 pandemic are forging ahead with training in the areas of interpersonal skills, coaching and leadership, and enhancing corporate culture and work environment inclusiveness to provide themselves with a competitive advantage. To varying degrees, all professionals have struggled with the COVID-19-induced changed work environment. CPAs need to adapt to this new environment in which face-to-face interaction is reduced and opportunities for real-time coaching and on-the-job development are curtailed. Proactive CPAs are engaging in training programs that emphasize improving communication skills, especially those skills utilized in a virtual work environment. This includes developing skills such as effective listening and those that identify barriers and solutions to effective virtual communication.

Further, with less one-on-one engagement, firms are also emphasizing training that develops coaching skills, such as problem identification and solving skills, critical-thinking and effective employee motivation. While critical to performing work effectively and efficiently, these skills also greatly enhance employee retention and commitment.

Lastly, firm leaders are focusing their training on creating a challenging yet engaging firm culture that creates ample opportunity for all employees to thrive. While money will always matter, training that focuses on identifying what motivates employees and how best to develop them and recognize their contributions creates a competitive advantage, especially in a period of tight resources. While there will always be the need for formal training and on-the-job technical development for CPAs of all levels of experience, firms that are proactive in creating professionals with well-rounded skillsets will have a significant competitive advantage.

Donny C. Shimamoto, CPA.CITP, CGMA

When I talk about digital transformation, I explain the business analyst and data scientist skillsets: analyzing processes and data structures and creating data models that represent business operations. These tie back to the accounting information systems course that many of us took when we originally did our accounting degrees and is critical as CPAs seek to go beyond financial data into operations — and also as they try to utilize more data analytics and visualizations.

Angela Russo, MBA

We will continue to offer many opportu­nities for CPAs to prepare for the future in technology, communication, supervision of staff and, most importantly, leadership skills in the new work environment.

Renee Rampulla, CPA, CGMA

It is not coincidental that the CPA Exam is changing to recognize the competencies and skills needed as the profession moves forward into the future. We are certainly in a “CPA Evolution.”


Angela  Russo

Angela Russo

Angela Russo, MBA, is the director of learning at the NJCPA and can be reached at arusso@njcpa.org.
Donny C. Shimamoto

Donny C. Shimamoto

Donny C. Shimamoto, CPA.CITP, CGMA, is the CEO and founder of IntrapriseTechKnowlogies LLC. He can be reached at donny@intraprise.us.

More content by Donny C. Shimamoto:

John  Higgins

John Higgins

John H. Higgins, CPA.CITP is the chief partnership officer of CPA Crossings, LLC.

More content by John Higgins:

Renee  Rampulla

Renee Rampulla

Renee Rampulla, CPA, CGMA, is the owner of Rampulla Advisory Services LLC. She is a member of the NJCPA and can be reached at rampullacpa@aol.com.

Richard Daisley

Richard Daisley, CPA, is the vice president of accounting and auditing curriculum at Surgent CPE.

This article appeared in the fall 2022 issue of New Jersey CPA magazine. Read the full issue.

New Jersey

For further information, contact the New Jersey State Board of Accountancy at 973-504-6380. For the full text of the State Board's Regulations on Continuing Professional Education, click here and go to Subchapter 6 on page 39. 

Area of Practice Period Total Credit Hours Minimum Per Year Specific Requirements
CPAs in Public Practice

See definition below: NJSA Chapter 45:2B-44)1
1/1/21-
12/31/23
120 20 60 credits in technical subject areas, 24 of which must be in Accounting & Auditing

4 in NJ Law & Ethics
All other CPAs 1/1/21-
12/31/23
120 20 60 credits in technical subject areas

4 in NJ Law & Ethics

1. 45:2B-44. Definitions; accountancy act of 1997: “Practice of public accountancy” means the performance or the offering to perform attest services for a client or potential client, by a licensee, registered firm or individual qualifying for practice privileges under section 6 of P.L.2008, c. 45 (C.45:2B-50.1). The “practice of public accountancy” also means the performance or the offering to perform by a licensee or individual qualifying for practice privileges under section 6 of P.L.2008, c. 45 (C.45:2B-50.1) of one or more of the following: a compilation of a financial statement to be performed in accordance with SSARS, management advisory, financial advisory or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters.

AICPA

For further information, click here or contact the AICPA at 201-938-3500.

Area of Practice Period Total Credit Hours Every 3 Years Minimum Per Year
Members in Public Practice & Private Industry As of Jan. 1, 2001, forward and for each three-year reporting period thereafter all AICPA members shall complete 120 hours or its equivalent, of continuing professional education. 120 0

New York

For further information, contact the New York State Board of Accountancy at 518-474-3836.

Area of Practice Period Minimum Credit Hours Per Year Total Credit Hours Every 3 Years Notes
OPTION #1 Every three years, based on license date 40 contact hours in a combination of any recognized subject area
120 You must complete 4 contact hours of acceptable professional ethics during every 3 calendar years. Reporting can be done every three years, but CPA must attest to completing the requirements each of the three years.
OPTION #2 Every three years, based on license date
24 contact hours concentrated in one of the recognized subject areas 76 You must complete 4 contact hours of acceptable professional ethics during every 3 calendar years. Reporting can be done every three years, but CPA must attest to completing the requirements each of the three years.

Pennsylvania

For further information, contact the Pennsylvania State Board of Accountancy at 717-783-1404.

Area of Practice Period Total Credit Hours Over 2 Years Annual Minimum Subject Minimum
All licensees 1/1/20-12/31/21 80 20

All PA CPAs - 4 credit hours Ethics

If you provide attest services:

24 credit hours - A&A
52 credit hours - Professional Development

If you do not provide attest services:

76 credit hours - Professional Development

Government

The GAGAS CPE requirements must be satisfied every two years. To simplify administration of the CPE requirements, an audit organization may establish a standard two-year period for all its auditors, which can be on either a fixed-year or rolling-year basis.

For more information on Yellow Book requirements, please go to gao.gov/govaud/ybk01.htm or email your questions to yellowbook@gao.gov.

 

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