Yes. Here's a breakdown of credits needed:
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 |
A minimum of 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 |
A minimum of 60 credits in technical subject areas
4 in NJ Law & Ethics
|
Reminder: if you took advantage of the extended deadline to complete CPE for your New Jersey CPA license renewal for the previous reporting period (2018-2020), credits taken between Jan. 1 and June 30, 2021, that were applied to the 2018-2020 triennial reporting period cannot also be counted for the 2021-2023 triennial, including credits in New Jersey law and 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.