119: A&A Update with Brad Muniz – 4/19/22

Learn about FASB’s newest ASU on financial instruments, the FASAB’s proposed new conforming amendments, Ukraine effect on audits, data security concerns, PCAOB guidance on the confirmation process and more.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Additional resources:

• FASB ASU 2022-02 – Financial Instruments – Credit Losses, Troubled Debt Restructuring and Vintage Disclosures
• Federal Accounting Standards Advisory Board (FASAB) Exposure Draft on Conforming Amendments
• PCAOB Highlights Key Considerations for Auditors Related to the Russian Invasion of Ukraine
• Professional responsibilities in data security for tax professionals
• PCAOB Observations and Reminders on the Use of a Service Provider in the Confirmation Process
• SEC 2022 Examination Priorities
• NJCPA Audits of Employee Benefits Plans Conference. May 19
• Free webinar: Oh My Fraud, May 10 or May 24
• Join the NJCPA Accounting & Auditing Standards and/or Cannabis interest groups