Gov. Phil Murphy signed a key piece of legislation aimed at expanding pathways for CPA licensure in New Jersey Jan. 20, his final day in office.
Assembly Bill 5598/Senate Bill 4493 allows those considering CPA licensure to qualify by earning a bachelor’s degree, completing two years of work experience and passing the CPA Exam.
This is a topic NJBIZ has previously reported on extensively, as the accounting profession has faced a talent pipeline shortfall. The legislation is modeled after the work for credit program, which has been piloted throughout the state with great success. Previously, CPA candidates had only one pathway to licensure – completing at least 150 credits (30 more than a bachelor’s degree), having one year of work experience in accounting and passing the CPA exam.
Since the work for credit program launched here, a number of states have followed suit in embracing the alternative pathways to CPA licensure. More than 20 states beat New Jersey to the punch in terms of codifying it legislatively.
The legislation passed the Senate last month and Assembly in May 2025. It also updates practice mobility rules. The changes allow CPAs licensed in other states to practice in...
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