Senate Commerce Committee Statement to Senate, No. 2856 — State of New Jersey (October 22, 2020)

Summary

A Senate Commerce Committee statement to the Senate on Senate Bill No. 2856, State of New Jersey, dated October 22, 2020, reporting the bill favorably. The bill revises the attest mobility provisions of the "Accountancy Act of 1997" to conform to the Uniform Accountancy Act. A nonresident CPA could provide attest services in the State without registering with the New Jersey State Board of Accountancy, without a physical office, and without notice or a fee, while remaining subject to the board's full regulatory oversight. The bill also makes a technical correction to language added by P.L.2019, c.10.

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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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