The Value of a CPA

If you think all accountants and other business advisors are alike, think again. Those who are able to call themselves "CPAs" have met stringent education and experience requirements, must perform their work in accordance with high quality technical and professional standards, and adhere to a strict code of professional ethics. Individuals have worked hard to obtain the "CPA" designation, and they are committed to working even harder to deliver the value that it conveys.

As advisors to businesses and individuals, Certified Public Accountants provide the technical expertise, innovative thinking and personal service that help organizations thrive and families and enable individuals to achieve financial security. In today's global, competitive and information-driven environment, CPAs' core competencies - integrity, objectivity and independence - bring new and diverse value to clients. The type and range of services offered by a particular CPA firm will depend on the skill, interest and experience mix of the partners and staff.

EDUCATION
Prospective CPAs in New Jersey who graduated after 6/30/00 need to have completed 150 credit hours at an accredited college or university. To maintain the license to practice, the New Jersey State Board of Accountancy requires that CPAs meet a continuing professional education requirement.

EXPERIENCE
To be licensed as a CPA in New Jersey, applicants generally must have at least one year of public accounting experience.

EXAMINATION
Passing the Uniform CPA Examination is a prerequisite for the CPA certificate and license to practice accounting. This rigorous exam, which is administered by the State Board of Accountancy, is designed to assess a candidate's professional competence in auditing and accounting, his or her technical knowledge and the ability to apply that knowledge with good judgment, and an understanding of professional and ethical responsibilities.

ONGOING QUALITY REVIEWS
The New Jersey State Board of Accountancy also requires that CPA firms undergo a quality assurance review to ensure that they have met certain quality control standards and are performing accounting and auditing services in accordance with professional standards.

PROFESSIONAL MEMBERSHIP
The New Jersey Society of CPAs works to encourage the highest quality practice of its members by providing the latest information and training programs on broad-based business, technical and ethical issues. Membership in the Society demonstrates a CPA's commitment to his or her profession.