The NJCPA regularly attends the monthly meetings of the New Jersey State Board of Accountancy. Below are highlights from the meetings:
The NJCPA Cannabis Interest Group submitted a Statement of Position (SOP) to the New Jersey State Board of Accountancy for CPAs who provide cannabis-related services. The SOP, which is similar to statements issued by other state boards of accountancy, would provide guidelines to CPAs regarding their practice in a field that is legal on a state level but not on a federal level. The Board is considering the NJCPA SOP if and when New Jersey adopts a law to legalize recreational marijuana use.
At the New Jersey Board of Accountancy’s Oct. 18 meeting, the Board counsel said the new regulations created to replace the sunsetting regulations were reviewed by the Attorney General’s office and are soon to be published in the New Jersey Register. They are then out for public comment for 60 days. After the comment period ends, it is then published in the Register as adopted regulations.
The Board voted to simplify and revise the form that CPA instructors need to fill out in order to receive CPE credit for teaching courses.
Click here to view upcoming meeting dates and access meeting minutes.
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