Tuesday, May 08, 2007

New Jersey Seeks an Ethical Start for New CPAs

Interim New Jersey Governor Richard Codey signed legislation last week requiring that new CPAs must receive orientation within six months of receiving their license. While the curriculum for the new course is not set, New Jersey Society of CPAs Executive Director Ralph Allen Thomas was convinced that ethics and state accountancy law would be included. Present New Jersey law requires that CPAs take courses on state fees on CPAs and disciplinary issues in their first three years.

An interesting piece of legislation. I favor the requirement of ethics (though New Jersey should insure that the requirement vary from the AICPA Ethics Exam) , but wonder if this could be in a college/university course in lieu of a orientation program when the accountant has heavy work responsibilities.


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