The American Institute of CPAs (AICPA) has revised the Statements on Standards for Tax Services (SSTS) that all CPAs who are members of the AICPA or licensed by the New Jersey State Board of Accountancy must follow. They became effective Jan. 1, 2024.

To further its mission to help businesses in the Garden State succeed, NJBAC provides free and confidential technical assistance, advocacy and a variety of other support services through its offices, comprised of business advocacy, export promotion and small business advocacy.

The new quality management standards enhance firm leadership, accountability and governance through a risk-based approach. They address technology and external service providers, and they emphasize continuous information flow, proactive monitoring and effective communication.