CPAs Have More Reciprocity Than NJ Board of Accountancy Form Says

by Kathleen Hoffelder, NJCPA, and Jeffrey Kaszerman, NJCPA – September 7, 2017
CPAs Have More Reciprocity Than NJ Board of Accountancy Form Says
New Jersey has been “substantially equivalent” with all 55 U.S. jurisdictions for more than five years, but the Application for Certification by Endorsement posted on the New Jersey State Board of Accountancy website erroneously states that “all but 14 jurisdictions are substantially equivalent.” While the State Board is aware of the error, the form has yet to be updated to show that New Jersey has reciprocity with all jurisdictions.

The current form incorrectly says that the following states are not substantially equivalent with New Jersey: California, Colorado, Delaware, Florida, Guam, Minnesota, New Hampshire, New York, Oklahoma, Pennsylvania, Puerto Rico, Vermont, Virgin Islands, and Virginia. This inaccurate information might lead CPAs from these states to believe that they are required to submit additional documentation of experience and education to the Board. However, CPAs from these states are not required to furnish this additional documentation. A CPA licensed in any U.S. jurisdiction and applying for reciprocity in New Jersey, can disregard the opening statement on the application.

According to the National Association of State Boards of Accountancy (NASBA), “substantial equivalency” was developed to allow licensed CPAs to practice across jurisdictions more readily. “Under Section 23 of the Uniform Accountancy Act (UAA), a CPA with a CPA license in good standing from a jurisdiction with CPA licensing requirements that are essentially equivalent to those outlined in the UAA (degree with 150 hours, minimum one year experience and successful completion of the Uniform CPA Examination) may be granted a privilege to practice in another jurisdiction that is not the CPA’s principal place of business.”


Jeffrey  Kaszerman

Jeffrey Kaszerman

Jeff Kaszerman is Government Relations Director for New Jersey Society of CPAs. He works with the CEO and board of directors to create and implement advocacy initiatives that protect and promote the interests of the CPA profession, the business community and the public.

Read more by Jeffrey Kaszerman: