New Jersey Society Of Certified Public Accountants

PROMOTE & MAINTAIN HIGH PROFESSIONAL & ETHICAL STANDARDS OF THE CPA IN THE STATE OF NJ; DEVELOP & IMPROVE ACCOUNTANCY EDUCATION; & PROTECT THE INTERESTS OF THE PUBLIC & SOCIETY.

SEE SCHEDULE OLEGISLATIVE/REGULATORY PROGRAM:TO SUPPORT THE NJCPA'S MISSION TO PROTECT THE INTERESTS OF MEMBERS OF THE SOCIETY, THE NJCPA ADVOCATES FOR THE ACCOUNTING PROFESSION IN NEW JERSEY THROUGH THE GRASSROOTS EFFORTS OF MEMBERS AND THE INPUT PROVIDED BY THE SOCIETY'S TRENTON, NJ-BASED LOBBYING FIRM. THE GOALS OF THE NJCPA'S LEGISLATIVE/REGULATORY PROGRAM ARE TO SUPPORT POSITIVE LEGISLATION THAT BENEFITS THE PROFESSION, THE BUSINESS COMMUNITY AND THE PUBLIC AT LARGE, WHILE FIGHTING UNFAIR LEGISLATION THAT WOULD HINDER THE ABILITY OF CPAS TO PRACTICE THEIR PROFESSION AND EFFECTIVELY SERVE THE CLIENTS AND BUSINESSES THEY WORK FOR. TO ACHIEVE ITS LEGISLATIVE/REGULATORY GOALS, THE NJCPA PURSUED SEVERAL TACTICS: 1) MAINTAINED ONGOING INTERACTION WITH KEY NJ LEGISLATORS AND ADMINISTRATION OFFICIALS TO ADVOCATE FOR KEY ISSUES, SUCH AS UPDATING NJ'S ACCOUNTANCY ACT AND REDUCING STATE TAXES ON BUSINESSES AND INDIVIDUALS. 2) ATTENDED 100% OF NJ STATE BOARD OF ACCOUNTANCY MEETINGS AND MET WITH STAFF FROM THE GOVERNOR'S APPOINTMENTS OFFICE TO ENCOURAGE THE APPOINTMENT OF NJCPA-ENDORSED CPAS TO SERVE ON THE BOARD OF ACCOUNTANCY. 3) MAINTAINED KEY PERSON PROGRAM WITH COVERAGE OF 90% OF STATE LEGISLATORS. 4) MAINTAINED ALLIANCES WITH OTHER BUSINESS ORGANIZATIONS THAT SHARE COMMON BUSINESS INTERESTS (E.G., NJ BUSINESS COALITION, NJ CHAMBER OF COMMERCE, NJ BUSINESS AND INDUSTRY ASSOCIATION).

SEE SCHEDULE OPEER REVIEW PROGRAM: TO SUPPORT THE NJCPA'S MISSION TO PROTECT THE INTERESTS OF THE PUBLIC AND PROMOTE AND MAINTAIN HIGH PROFESSIONAL AND ETHICAL STANDARDS, THE NJCPA'S PEER REVIEW PROGRAM PROMOTES QUALITY IN THE PERFORMANCE OF ACCOUNTING AND AUDITING ENGAGEMENTS. THE NJCPA ADMINISTERS THE NATIONAL PEER REVIEW PROGRAM OF THE AMERICAN INSTITUTE OF CPAS (AICPA), TO WHICH ABOUT 1,050 NEW JERSEY CPA FIRMS BELONG. PARTICIPATING FIRMS, WHICH ARE EXPECTED TO HAVE A PEER REVIEW EVERY THREE YEARS, RECEIVE INFORMATION REGARDING WHAT IS NECESSARY FOR A QUALITY ACCOUNTING AND AUDITING PRACTICE AND ARE EDUCATED ABOUT ESTABLISHING QUALITY CONTROL POLICIES AND PROCEDURES. FIRMS NOT IN COMPLIANCE MUST TAKE REMEDIAL, CORRECTIVE ACTIONS AS NEEDED TO IMPROVE THEIR PRACTICES. THE NJCPA PEER REVIEW PROGRAM CONDUCTED 250 REVIEWS FOR THE FILING PERIOD. THE AICPA ADMINISTRATIVE OVERSIGHT WAS PERFORMED IN DECEMBER 2022, WITH NO DEFICIENCIES NOTED AND CONCLUDING THAT THE NJCPA HAS COMPLIED WITH THE ADMINISTRATIVE PROCEDURES AND STANDARDS IN ALL MATERIAL RESPECTS AS ESTABLISHED BY THE AICPA PEER REVIEW BOARD.

SEE SCHEDULE OMEMBER ENGAGEMENT:THE NJCPA'S MEMBER ENGAGEMENT INITIATIVES FOCUS ON CONTINUOUSLY IDENTIFYING, ATTRACTING, GROOMING AND MOTIVATING TALENTED AND COMMITTED MEMBER VOLUNTEERS IN ORDER TO MAINTAIN AND INCREASE MEMBER RETENTION, A DIVERSE VOLUNTEER POOL AND THE LEADERSHIP PIPELINE. THIS IS DONE THROUGH VARIOUS TACTICS INCLUDING A "CALL TO VOLUNTEER" - ASKING MEMBERS TO LET US KNOW HOW THEY WOULD LIKE TO VOLUNTEER, EDUCATING MEMBERS ABOUT VOLUNTEER ACTIVITIES, EVALUATING THE VOLUNTEER EXPERIENCE, TRACKING VOLUNTEER ACTIVITY, CALLING MEMBERS INTERESTED IN VOLUNTEERING, AND MAKING RECOMMENDATIONS TO THE NOMINATING COMMITTEE FOR LEADERSHIP APPOINTMENTS. DURING THE FILING PERIOD, NJCPA LEADERS WERE REQUIRED TO ATTEND THE NJCPA CONVENTION AND EXPO FOR LEADERSHIP DEVELOPMENT TRAINING.