Mike C. writes:
I found an interesting article in the Star-Ledger.
New Jersey began investigating whether CPA’s have been honest about their education requirements, including ethics classes and other CPE (Continuing Professional Education) credits. They found that about 4% of accountants lied about such courses and the offenders range from small-time personal accountants to large firm members and even a State official. Offenders were fined for amounts ranging between $500 to $8000.
I find it quite interesting that such a large number of people were found to be in violation and even more surprising that this was the first year that New Jersey began to seriously investigate such violations.
So my question is what took the state so long to make sure that all CPA’s are actually fulfilling their obligations as far as remaining educated in the profession?