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Committee Statement to Senate, No. 2856 - Senate Commerce Committee (October 22, 2020)

Summary

A statement of the Senate Commerce Committee to the Senate on Senate Bill No. 2856 of the State of New Jersey, dated October 22, 2020. The committee reports the bill favorably. The bill revises the attest mobility provisions of the "Accountancy Act of 1997" to make them conform to the Uniform Accountancy Act. It allows a nonresident CPA to provide attest services in this State without registering with the New Jersey State Board of Accountancy and without a physical office in this State. The nonresident CPA would not be required to give notice to the board or pay a fee, and would be subject to the full regulatory oversight of the board.

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“Committee Statement to Senate, No. 2856 - Senate Commerce Committee (October 22, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-10-22-scm-s2856-s1-de73d13ee1/, SHA-256 5f065aa621fd4a22c4b7ebf308fbf4458341ae2965c8c82820ebbd5480225c61.

Full text

     SENATE COMMERCE COMMITTEE

                   STATEMENT TO

                 SENATE, No. 2856

 STATE OF NEW JERSEY
                   DATED: OCTOBER 22, 2020

   The Senate Commerce Committee reports favorably Senate Bill
No. 2856.
   The bill revises the attest mobility provisions of the
"Accountancy Act of 1997" to make them conform to the Uniform
Accountancy Act. This bill allows a nonresident CPA to provide
attest services in this State without registering with the New Jersey
State Board of Accountancy and without having to have a physical
office in this State. While a nonresident CPA would not be required
to provide notice to the board or pay a fee for the privilege of
practicing in this State, the nonresident CPA will be subject to the
full regulatory oversight of the board.
   The bill makes a technical correction to language that was added
to the "Accountancy Act of 1997" by P.L.2019, c.10 to eliminate
the restriction on nonresident CPAs that provide attest services.

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