Episodes

The Nov. 2 New Jersey election was one like no other. Why were the polls so wrong? Which big public policy issues factored into the vote? What’s the outlook for the next four years? Ben Dworkin, director of Rowan University's Institute for Public Policy & Citizenship, breaks it all down for us.

The Nov. 2 New Jersey election was one like no other. Why were the polls so wrong? Which big public policy issues factored into the vote? What’s the outlook for the next four years? Ben Dworkin, director of Rowan University's Institute for Public Policy & Citizenship, breaks it all down for us.

This episode focuses on what auditors need to know about the AICPA’s new standard on risk-based auditing: SAS 145 – Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. Other topics include the tightening up of remote auditing procedures; highlights of recent FASB and Financial Accounting Standards Advisory Council meetings; and PCAOB’s preview of 2020 inspection observations. Additional resources: SAS 145 2021 FASB Investor Outreach Report PCAOB Staff...

This episode focuses on what auditors need to know about the AICPA’s new standard on risk-based auditing: SAS 145 – Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. Other topics include the tightening up of remote auditing procedures; highlights of recent FASB and Financial Accounting Standards Advisory Council meetings; and PCAOB’s preview of 2020 inspection observations. Additional resources: SAS 145 2021 FASB Investor Outreach Report PCAOB Staff...

This episode focuses on what auditors need to know about the AICPA’s new standard on risk-based auditing: SAS 145 – Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. Other topics include the tightening up of remote auditing procedures; highlights of recent FASB and Financial Accounting Standards Advisory Council meetings; and PCAOB’s preview of 2020 inspection observations. Additional resources: SAS 145 2021 FASB Investor Outreach Report PCAOB Staff...

After a pandemic-related slump, merger and acquisition activity among CPA firms is red hot. What’s driving M&A transactions today? Is it a buyer’s market or a seller’s market? And what’s the outlook for the next few years? NJCPA member Joe Tarasco, CPA, of Accountants Advisory Group answers these questions and more about the rebounding M&A market nationwide and here in New Jersey. Related links: Accountants Advisory Group services for NJCPA members – https://njcpa.org/marketplace M&A classifie...

After a pandemic-related slump, merger and acquisition activity among CPA firms is red hot. What’s driving M&A transactions today? Is it a buyer’s market or a seller’s market? And what’s the outlook for the next few years? NJCPA member Joe Tarasco, CPA, of Accountants Advisory Group answers these questions and more about the rebounding M&A market nationwide and here in New Jersey. Related links: Accountants Advisory Group services for NJCPA members – https://njcpa.org/marketplace M&A classifie...

After a pandemic-related slump, merger and acquisition activity among CPA firms is red hot. What’s driving M&A transactions today? Is it a buyer’s market or a seller’s market? And what’s the outlook for the next few years? NJCPA member Joe Tarasco, CPA, of Accountants Advisory Group answers these questions and more about the rebounding M&A market nationwide and here in New Jersey. Related links: Accountants Advisory Group services for NJCPA members – https://njcpa.org/marketplace M&A classifie...

Take 10 minutes to get an update on the latest accounting and auditing news from the FASB, AICPA and PCAOB. FASB updates are related to revenue recognition, fair value and equity security sale restrictions, the 2022 GAAP financial reporting taxonomy and the results of a recent Private Company Council meeting. Other topics include the AICPA’s proposed changes to peer review, PCAOB staff guidance on audit evidence and PCAOB’s move to strengthen the lead auditor’s oversight of other auditors. FASB...

Take 10 minutes to get an update on the latest accounting and auditing news from the FASB, AICPA and PCAOB. FASB updates are related to revenue recognition, fair value and equity security sale restrictions, the 2022 GAAP financial reporting taxonomy and the results of a recent Private Company Council meeting. Other topics include the AICPA’s proposed changes to peer review, PCAOB staff guidance on audit evidence and PCAOB’s move to strengthen the lead auditor’s oversight of other auditors. FASB...

Take 10 minutes to get an update on the latest accounting and auditing news from the FASB, AICPA and PCAOB. FASB updates are related to revenue recognition, fair value and equity security sale restrictions, the 2022 GAAP financial reporting taxonomy and the results of a recent Private Company Council meeting. Other topics include the AICPA’s proposed changes to peer review, PCAOB staff guidance on audit evidence and PCAOB’s move to strengthen the lead auditor’s oversight of other auditors. FASB...

The New Jersey Legislature returns in November. What can we expect? Will we see movement on the Business Alternative Income Tax (BAIT) clean-up bill and other issues important to Garden State CPAs and the business community? Top New Jersey lobbyist Dale Florio gives us his insight on what might be accomplished during the lame duck session and the new legislative session that begins in January 2022. He also discusses the prospects for the Nov. 2 election in which the Governor and all 120 seats in...

The New Jersey Legislature returns in November. What can we expect? Will we see movement on the Business Alternative Income Tax (BAIT) clean-up bill and other issues important to Garden State CPAs and the business community? Top New Jersey lobbyist Dale Florio gives us his insight on what might be accomplished during the lame duck session and the new legislative session that begins in January 2022. He also discusses the prospects for the Nov. 2 election in which the Governor and all 120 seats in...

The New Jersey Legislature returns in November. What can we expect? Will we see movement on the Business Alternative Income Tax (BAIT) clean-up bill and other issues important to Garden State CPAs and the business community? Top New Jersey lobbyist Dale Florio gives us his insight on what might be accomplished during the lame duck session and the new legislative session that begins in January 2022. He also discusses the prospects for the Nov. 2 election in which the Governor and all 120 seats in...

Our latest 10-minute accounting and auditing update provides a speed round on various FASB, AICPA, CAQ and PCAOB updates: FASB ASU 2021-06 - https://www.fasb.org/cs/Satellite?c=Document_C&cid=1176177037677&pagename=FASB%2FDocument_C%2FDocumentPage FASB Disclosure of Supplier Finance Program Obligations - https://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdateExpandPage&cid=1176175475663 FASB Exposure Draft: Fair Value Measurement of Equity Securities Subject to Contractual Sale - https://www....

Our latest 10-minute accounting and auditing update provides a speed round on various FASB, AICPA, CAQ and PCAOB updates: FASB ASU 2021-06 - https://www.fasb.org/cs/Satellite?c=Document_C&cid=1176177037677&pagename=FASB%2FDocument_C%2FDocumentPage FASB Disclosure of Supplier Finance Program Obligations - https://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdateExpandPage&cid=1176175475663 FASB Exposure Draft: Fair Value Measurement of Equity Securities Subject to Contractual Sale - https://www....

Our latest 10-minute accounting and auditing update provides a speed round on various FASB, AICPA, CAQ and PCAOB updates: FASB ASU 2021-06 - https://www.fasb.org/cs/Satellite?c=Document_C&cid=1176177037677&pagename=FASB%2FDocument_C%2FDocumentPage FASB Disclosure of Supplier Finance Program Obligations - https://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdateExpandPage&cid=1176175475663 FASB Exposure Draft: Fair Value Measurement of Equity Securities Subject to Contractual Sale - https://www....

On September 20, NJCPA CEO and Executive Director Ralph Albert Thomas sat down with Jack Ciattarelli, Republican candidate for New Jersey Governor — and member of the NJCPA — to discuss issues important to the business community and the CPA profession. Find out Mr. Ciattarelli’s vision for New Jersey when it comes to the state budget, taxes, business policies, infrastructure improvements, pension funding and more.

On September 20, NJCPA CEO and Executive Director Ralph Albert Thomas sat down with Jack Ciattarelli, Republican candidate for New Jersey Governor — and member of the NJCPA — to discuss issues important to the business community and the CPA profession. Find out Mr. Ciattarelli’s vision for New Jersey when it comes to the state budget, taxes, business policies, infrastructure improvements, pension funding and more.

On September 20, NJCPA CEO and Executive Director Ralph Albert Thomas sat down with Jack Ciattarelli, Republican candidate for New Jersey Governor — and member of the NJCPA — to discuss issues important to the business community and the CPA profession. Find out Mr. Ciattarelli’s vision for New Jersey when it comes to the state budget, taxes, business policies, infrastructure improvements, pension funding and more.

Our latest 10-minute accounting and auditing update addresses FASB’s adoption of the 2021 SEC reporting taxonomy; lease standard reminders; the Center for Audit Quality’s guidance about external auditors’ responsibilities with regard to illegal acts; and significant upcoming changes to employee benefit plan audits. Mentioned in this episode: 2021 SEC Reporting Taxonomy - https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176175722790 Illegal Acts: The External Auditor’s Responsibilities - htt...

Our latest 10-minute accounting and auditing update addresses FASB’s adoption of the 2021 SEC reporting taxonomy; lease standard reminders; the Center for Audit Quality’s guidance about external auditors’ responsibilities with regard to illegal acts; and significant upcoming changes to employee benefit plan audits. Mentioned in this episode: 2021 SEC Reporting Taxonomy - https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176175722790 Illegal Acts: The External Auditor’s Responsibilities - htt...

Our latest 10-minute accounting and auditing update addresses FASB’s adoption of the 2021 SEC reporting taxonomy; lease standard reminders; the Center for Audit Quality’s guidance about external auditors’ responsibilities with regard to illegal acts; and significant upcoming changes to employee benefit plan audits. Mentioned in this episode: 2021 SEC Reporting Taxonomy - https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176175722790 Illegal Acts: The External Auditor’s Responsibilities - htt...

With 2021 marking the 100th anniversary of the first Black accountant to be licensed as a CPA in the United States, various organizations have come together to produce a year-long national awareness campaign to recognize Black CPAs and push for greater progress to be made in achieving diversity, equity and inclusion in the CPA profession. Hear from Crystal Cooke, the director of diversity and inclusion at the American Institute of CPAs, about the Black CPA Centennial celebration; what firms and ...