Episodes

Visa has announced a major overhaul of its commercial credit card data standards through its new Commercial Enhanced Data Program (CEDP), and businesses should take notice in order to avoid paying significantly higher rates. Eric Cohen, CEO at Merchant Advocate, explains what this means for businesses and why CPAs need to be paying attention. Topics discussed: What CEDP is and why Visa is moving away from the old system Impacts that controllers, CFOs and public accountants should be preparing...

Hear about FASB’s recent analysis of what it’s costing companies to comply with the lease accounting standard. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB reckons with higher-than-expected lease accounting costs Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

Contrary to almost every single poll, Congresswoman Mikie Sherrill beat her Republican challenger Jack Ciattarelli in the New Jersey Governor’s race by a whopping 13 points. Dr. Ben Dworkin, director of the Rowan Institute for Public Policy and Citizenship at Rowan University, provides his expert insight and analysis of election results. Topics discussed: What contributed to Mikie Sherrill’s large margin of victory Why the polls were so off base Impact of President Trump’s endorsement of Jac...

This episode includes a discussion on an SEC proposal to change the frequency of reporting and the implications of doing so. It also highlights a new tool from NASBA to help with CPA license mobility as states continue to adopt multiple pathways to CPA licensure. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: CPA Mobility tool Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

As finance teams face mounting pressures, from talent shortages to increasing reporting demands, many are turning to outsourcing as a strategic solution. At the same time, artificial intelligence is reshaping how financial information is processed, analyzed and reported. Hear about a new report from the Financial Executives International and CohnReznick about how outsourcing in finance and accounting is evolving in the age of AI. Topics discussed: Overview of survey findings The most pressing...

The Financial Accounting Standards Board issued a new standard the that addresses concerns about accounting for derivatives. It covers the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract as well as the diversity in accounting for share-based noncash consideration from a customer that is consideration for the transfer of goods or services. *** This episode qualifies for nano CPE credit. Find out more at h...

How can public policy, private enterprise and smart regulation work together to build a stronger New Jersey economy? Eric Brophy, former Deputy Chief of Staff for Economic Growth to Governor Phil Murphy and now co-chair of the new Government & Regulatory Law Group at CSG Law, joined us to discuss his time in the Governor’s Office shaping state economic initiatives, his new role at CSG and what’s ahead for New Jersey’s business and regulatory landscape. Topics discussed: The biggest policy or p...

A new report from the Illinois CPA Society (ICPAS), titled The Readiness Divide, explores the disconnect between how early-career accounting and finance professionals view their skills and how their managers assess their readiness. Geof Brown, president and CEO of ICPAS, discusses the report’s findings, including gaps in communication, critical thinking, problem solving and even tech skills – and what these gaps mean for the accounting profession. Topics discussed: Overview of the report and w...

We’re covering three topics in this episode: proposed modernization of peer review administration requirements, proposed private-equity-related updates to peer review standards and guidance on attest client association. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Proposed Peer Review Standards Update No. 3, Modernizing Peer Review Administration Requirements AICPA Seeks Comment on Administrative Peer Review Proposal for Firms with Pr...

One of the hottest topics in the profession right now is compensation. Accounting Today recently released its 2025 Salary Survey, which offers a comprehensive look at pay across firms of all sizes and levels. Dan Hood, editor in chief of Accounting Today, breaks down the survey results and what they mean for firms, professionals and the CPA pipeline. Topics discussed: Key takeaways from the survey Why salaries have increased Manager and partner salary increases at smaller firms Impact of t...

Find out about the new standard from the Financial Accounting Standards Board that updates the guidance on accounting for internal-use software costs. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB Issues Standard That Makes Targeted Improvements to Internal-Use Software Guidance Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

This fall, a new advanced placement course is being piloted at 100 high schools across the country. AP Business with Personal Finance is designed to give high school students a strong foundation in business, economics and personal finance and, importantly for the accounting profession, it includes a significant unit on accounting. Hear about the impact of the course from Livingston High School’s Alex Lamon - one of the teachers piloting the program - and Alexander Chang, a student who has taken ...

The AICPA has issued an updated practice aid to help firms implement the new quality management standards. See if it can help you. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA unveils new QM resources to help firms meet Dec. 15 deadline Quality management standards articles and events Join the Accounting & Auditing Standards Interest Group

The filing deadline for New Jersey's three property tax relief programs is around the corner. Christina Quinones of the New Jersey Division of Taxation joins us to discuss who is eligible for each program and how to apply. Don’t miss out on the relief you’re entitled to. Topics discussed: Overview of property tax relief programs Details on the Senior Freeze program Application process and deadlines How to get in-person or online assistance Resources: Senior Freeze program ANCHOR program S...

The GENIUS Act includes robust new requirements for stablecoin users, including reserve backing; transparency and audits; anti-money laundering and sanctions compliance; and restrictions on marketing and yield. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Accounting and auditing articles and events Cryptocurrency and digital assets articles and events Join the Accounting & Auditing Standards Interest Group

Whether you call it soft skills, people skills, relational abilities or core professional competencies — communication, emotional intelligence and adaptability often make a big difference in a professional’s career growth. CPA and author Jerry Maginnis returns to the podcast to discuss the role of soft skills in a successful career. Topics discussed: How soft skills can be a differentiator between average and outstanding professionals How the value of soft skills has changed The most critica...

The Financial Accounting Standards Board has issued a new standard for the measurement of credit losses for accounts receivable and contract assets. Are you prepared to implement it? *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

As the next generation of accountants and finance professionals enters the workforce, one priority stands at the forefront: building a workplace that not only attracts younger talent but also keeps them engaged and inspired for the long haul. Alex Romero of Galasso Learning Solutions. Topics discussed: Understanding what younger talent values Creating a culture of belonging Key elements of emotional intelligence that foster retention and engagement The importance of emotional intelligence f...

Does your nonprofit receive government grants? The accounting rules may be changing. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Proposed FASB ASU: Government Grants (Topic 832) Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

Mark Koziel, CPA, CGMA, the new president and CEO of the American Institute of CPAs, recently sat down with Aiysha (AJ) Johnson, MA, IOM, CEO and executive director of the NJCPA, to discuss numerous issues impacting the accounting profession. Topics discussed: Expanding the pathway to CPA Mobility concerns Additional efforts to attract more people to the profession One Big Beautiful Bill (HR1) Other pending legislation impacting the profession The future of the PCAOB Implementation of ne...

Misinformation about the One Big Beautiful Bill was rampant even before it was signed into law on July 4. Joining us to separate fact from fiction about several provisions of the bill is Lauren Landolfi, CPA, shareholder and tax department practice leader at WilkinGuttenplan. Topics discussed: Myth 1: There are no federal taxes on Social Security income Myth 2: The new $40,000 SALT deduction cap is just for married filers Myth 3: There are no taxes on overtime or tips Myth 4: There are no c...

Are you ready to step up your fraud detection game? Following three years of research, the AICPA’s Auditing Standards Board has proposed updates to the Statement on Auditing Standards regarding auditors’ responsibilities related to fraud. Get an overview of the proposal. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud Accounting and auditing articles an...

Get a rundown on what’s included — and not included — in New Jersey’s $58.8 billion budget for fiscal year 2026. Topics discussed: Overall thoughts on the budget from the business community’s perspective Tax increases Assistance to businesses Property tax relief Maintaining a budget surplus Impact of the One Big Beautiful Bill Act on New Jersey Resources: More about New Jersey’s budget

In a recent Forbes article, Paul Peterson, CPA, CEO and managing partner of Wiss, wrote that if you were designing the accounting profession from scratch today, it wouldn’t look anything like the version most firms are still trying to maintain. Paul joins us for a discussion about how firms are adapting to the changes in career expectations, shifting client expectations, the impact of AI and more. Resources: Disruption In Accounting: The CPA Shortage Meets the Rise of AI (Paul’s Forbes article...