The CPA is one of the hardest and prestigious professional designations someone can earn. Having said that, the CPA designation is the gold standard throughout the accounting industry. Candidates who earn their CPA's will accelerate their careers, earn promotions, and most likely earn a pay increase. The exam has many CPA requirements in New Jersey that must be met before candidates can even take the exam. Make sure you are ready for the CPA exam by checking out our best CPA review courses.
Every state in the United States has their own set of requirements for candidates before they can take the CPA exam. If you are wanting to take the CPA exam in the state of New Jersey, consider the following requirements and see if you meet all the standards to take the CPA exam.
New Jersey CPA Contact Information
Earning your CPA designations is a very rewarding experience. The process will be very long and stressful, but will be worth it in the long-run. Candidates who will be taking the CPA exam in New Jersey should verify they meet all the requirements with the New Jersey Division of Consumer Affairs to check for any fee, rules, or general requirement changes.
CPA Requirements NJ
Degree and Education Requirements in New Jersey
CPA candidates are required to have their baccalaureate degrees in the state of New Jersey. In addition to earning a baccalaureate degree, candidates must also complete 150 credit hours in college. Some candidates may not reach this requirement because most colleges will award a degree after only 120 credit hours - candidates wanting to sit for the CPA must complete an additional 30 credit hours.
Along with candidates needing to achieve a total number of credit hours, candidates in New Jersey are also required to have 24 credit hours in accounting classes and 24 credit hours in business or other related courses. Candidates that chose to be accounting majors should have no problem meeting these requirements.
Residency and Age Requirements in New Jersey
Candidates who wish to take the CPA in the state of New Jersey do not have to be United States citizens. As well as not having to be a U.S. citizen, candidates do not have to be a New Jersey resident either. The state of New Jersey has a minimum age requirement of 18. If you meet all the other requirements, you will be eligible to sit for the CPA exam.
CPA Fees in New Jersey
With the CPA exam being so expensive, candidates should ensure they are prepared to take the CPA exam the first time around. New Jersey has an application fee of $225. Along with the application fee, candidates will also have to pay $208.40 for each test section on the CPA.
Candidates who wish to take the whole CPA exam in New Jersey will have to pay a total of $1058.60. Candidates who need to retake portions of their CPA exam will have their registration fee adjusted accordingly.
CPA License Requirements in New Jersey
Not only are their requirements that must be met to take the CPA, but there are also requirements that must be met to maintain a CPA designation. The state of New Jersey requires CPA holders to complete continuing education, have a social security number, and pass the AICPA Ethics Exam. CPA holders are also required to have work experience.
CPE in New Jersey - Continuing Education
The state of New Jersey requires CPA holders to complete 120 CPE hours. CPE stands for continuing professional education. Individuals are required to complete these CPE hours so that they can continue to improve their skills and learn new skills. New Jersey requires CPA holders to renew their CPE hours every 3 years.
With the accounting world always changing, CPE hours have become all the more important. New rules and regulations are constantly being added. Candidates can complete their CPE requirements in various ways and are usually required to complete the hours based on various subjects. For more information, click here.
New Jersey CPA Experience Requirements
New Jersey requires candidates to have experience before they can issue the license. Usually this experience includes providing any type of service that uses accounting, compilation, advisory, tax, or consulting.
Note – work experience is not required to sit for the CPA exam, only to have the state issue your CPA license.
Other Requirements in New Jersey
Another box that must be checked when earning your CPA in the state of New Jersey includes passing the AICPA Ethics exam. The AICPA Ethics exam is designed by the AICPA and is used to prepare CPA candidates for ethical problems they may encounter in their professional accounting careers. New Jersey also requires candidates to have a social security number.
Additional Links and Resources
For more information on the CPA exam and requirements check out the following links. With the CPA exam being so expensive to take, make sure you pass it the first time – see our reviews for the top CPA review courses.