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Committee releases bill easing accountancy licensure requirements to address CPA shortage
Summary
S4493 would modify licensure requirements for certified public accountants, including changes to the 150‑hour rule and experiential pathways; the committee heard testimony about a 25% decline in accounting majors and the state's need for more CPAs.
The Senate Commerce Committee moved Senate Bill 4493, a bill to modify requirements to obtain licensure in public accountancy, citing a workforce shortage in certified public accountants.
Althea Ford, vice president of government affairs for the New Jersey Business & Industry Association, told the committee the measure is intended to "revamp how we think about credentialing for the needs…
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