The relevant regulations from
the NJ State
Board of Accountancy concerning CPE credits are set forth below.
Specifically, the NJ regulation under section 13:29-6.5(a)(2) and
13:29-6.9 address university and college courses. The link to the
regulations is:
http://www.state.nj.us/lps/ca/nonmedical/accountant.htm
As far as we understand these
regulations, if a student is attending
a three-credit course for credit (i.e., matriculated in the
program),
the student is entitled to claim fifteen (15) CPE credits for the
course (Five (5) CPE credits
per semester credit hour).
On the other hand, if a student
is auditing a course and is not
taking
it for credit, the regulation allow one (1) CPE credit for every
50
minutes of
in-class
participation. As a rule of thumb, since roughly 10 minutes is allotted
for a break for each
hour of class time hour,
very one hour of class works out to be one
(1) CPE credit.
Our three-credit courses consist
of roughly 37 hours. However, for
audited classes (not taken for credit) one has to subtract hours that
were devoted to in-class exams . For example, if five (5) hours are
devoted
to in-class exams, the student is entitled to claim
thirty-two (32) CPE
credits.
As far as documentation is
concerned, if classes were taken for
credit, the student should request a certified transcript that
lists
all
the classes taken. Again, each class taken for credit is worth
fifteen
(15) CPE credits. (5 CPE credits for each 1 FDU credit).
Call up Laura Grant in records
(I believe she is in charge of that
area)
and see if she can provide with you with a certified transcript.
Her
number
is 973-443-8545. Her e-mail address is:
grant@fdu.edu
. Explain to her why you need it and that state law requires
a
certified copy.
For classes taken as an auditor (non-credit), the regulations call for
a statement of the hours
of
attendance signed by the instructor.
Ron West
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
13:29-6.5 Continuing professional education
programs
and other sources of continuing professional education credit
(a)The following qualify as continuing professional education programs
provided they contain the subjects enumerated in N.J.A.C.13:29-6.3,6.3A
and 6.4 and meet the continuing professional education program criteria
requirements as set forth in N.J.A.C.13:29-6.6.
1. ....
2.University or college courses: Continuing
professional
education
credit shall be granted for university or college courses in accordance
with the following:
i. Applicants shall receive five credit hours continuing
professional
education credit for each semester credit hour earned; and
ii. Applicants attending noncredit courses shall be granted
continuing
professional education credit at the rate of one credit hour for every
50 minutes of in-class participation.
13:29-6.9 Retention of continuing professional
education
records
(a)A licensee shall be primarily responsible for documenting
satisfaction
of continuing professional education requirements. Evidence to support
fulfillment
of continuing professional education requirements shall be maintained
for
a period of five years after the completion of educational courses.Such
evidence shall be subject to periodic audit by the Board.Satisfactory
documentation
of the necessary information, including the retention of attendance
records
and written outlines,shall be accomplished as follows:
1.For courses taken for scholastic credit in accredited
universities
or colleges,a certified transcript or notarized statement of
appropriate
school authority shall constitute evidence of satisfactory completion
of
the course. For noncredit courses taken,a statement of the hours
of
attendance signed by the instructor, shall be obtained by the licensee.