Episodes

Is AI taking over?? This episode takes a look at how artificial intelligence (AI) is transforming and helping the accounting profession. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA and CPA.com’s 2025 AI in Accounting Report Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

There’s a new exposure draft from the AICPA Professional Ethics Executive Committee (PEEC) to clarify independence requirements for engagements subject to the Statements on Standards for Attestation Engagements (SSAEs). Get the details. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: PEEC exposure draft seeks to clarify requirements for SSAE engagements Accounting and auditing articles and events Join the Accounting & Auditing Standards ...

Succession planning isn’t just about stepping away; it’s about protecting the future of a CPA firm, ensuring smooth leadership transitions, and maintaining client trust and operational continuity. Alvin Fennell and Stan Sterna from Aon join us to discuss how firms can mitigate risk when going through a leadership transition. Topics discussed: 1:16 – How a strong, proactive succession plan helps small and midsize firms manage professional liability risk 5:07 – Risk considerations for firms ent...

In this special episode recorded at the NJCPA Convention & Expo, the team discusses environmental, social and governance (ESG) reporting: what it is, states that have specific requirements, considerations for auditors and more. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: ESG articles and events Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

Between rising client demands, tight deadlines and growing compliance responsibilities, CPAs in public practice are under more pressure than ever to do more with less. Ilya Radzinsky of TaxDome joins us to discuss how firms can efficiently meet client expectations and tailor their services based on what different clients want. Resources: Learn more about TaxDome and access their annual letter Firm management events, articles and resources

A new law, initiated by the NJCPA and the New Jersey Business and Industry Association, requires the state auditor to provide a plain-language summary of New Jersey’s full financial picture — well beyond what’s included in the annual budget. Former state treasurer Davis Rousseau joins us to discuss what’s included in the new report and how New Jersey compares to surrounding states. Resources: Summary and Analysis of the Annual Comprehensive Financial Report Article: The State of New Jersey’s F...

Brad and his guests discuss three topics: the Financial Accounting Standards Board’s exposure draft about debt modification and extinguishment of liabilities; reporting lines of credit on the statement of cash flows; and SSARS No. 27 on financial statements prepared as part of a consulting services engagement. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB Seeks Public Comment on Proposal to Improve Accounting for Debt Exchanges SS...

Good news for the accounting profession: Recent research shows that progress is being made in getting more young people interested in pursuing an accounting career. In this episode, we speak with Liz Barentzen of the Center for Audit Quality, who breaks down the significant findings of this study. We explore the factors contributing to this trend and discuss actions the profession can take to continue attracting and retaining talented young professionals. Resources: Expanding the Accounting Pr...

This episode looks at whether companies have implemented the FASB standard on current expected credit losses (CECL) and also includes a discussion about PCAOB’s recent emphasis on the importance of audits. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Financial Instruments — Credit Losses (Topic 326) — Purchased Financial Assets Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

As part of the ongoing efforts to attract more people into the accounting profession, there are legislative efforts in New Jersey and across the country to create an additional pathway to CPA licensure. Get an update on where things stand and what’s included in the legislation. Resources: CPA Pipeline Knowledge Hub NJ-CPA-Political Action Committee

Brad and his guest, Marissa Flood, continue their discussion about post-implementation reviews, this time focusing on SAS 145. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA Statement on Auditing Standards No. 145, Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

In today's workplace, it's easy to get defined solely by your job title, rather than be seen as a whole person. But aren’t you more than just your job title? Join us as we break down with John Garrett, author of “What’s Your And?”, why your quirks, talents and humanity are just as important as your “professional” side. He’ll define how work and personal passions can overlap to make us better professionals. See John and more fantastic speakers at the NJCPA 2025 Convention and Expo!

Brad and his guests focus on leases and discuss post-implementation review. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB post-implementation review process Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

You've heard the terms "fraud, waste, and abuse" everywhere, but do you really know what they mean and how they're uncovered? Join us as we break down these critical concepts with forensic accounting experts Megan Kelly, CPA, (FAZ Forensics) and Megan Sartor, CPA (SAX LLP). They'll define each term, explain the unique challenges of investigating them in government versus corporate environments, and walk us through the process of uncovering these costly issues. Resources: Fraud Detection and Pr...

Are you clear on NOCLAR? This episode focuses CPAs’ responsibilities for reporting for noncompliance with laws and regulations (NOCLAR). *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: NOCLAR: What CPAs in business should know NOCLAR: What CPAs in public practice should know How not to lose sleep over NOCLAR Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

Cryptocurrency is making headlines almost every day. Dr. Sean Stein Smith, CPA, and his guest Mark Eckerle, CPA, discuss the top crypto issues CPAs can help their clients with now and going forward. Topics include strategic bitcoin reserves, governmental pro-crypto pivot in 2025, pain points and an outlook for the remainder of 2025. Resources: Cryptocurrency Knowledge Hub Understanding and Talking to Clients About Crypto – June 5 session by Sean Stein Smith at NJCPA Convention & Expo

Governor Phil Murphy recently issued his proposed budget for New Jersey’s next fiscal year. The $58.1 billion proposal is 2.7% higher than the current year’s budget and includes $1.2 billion in proposed tax increases. Our panel of public policy experts weigh in on numerous elements of the proposed budget, including the impact of potential cuts in federal aid to Medicaid and NJ Transit. Resources: New Jersey Budget news and information

Brad and his guests discuss the AICPA’s post-implementation review of Statement on Auditing Standards No. 143: Auditing Accounting Estimates and Related Disclosures. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Statement on Auditing Standards No. 143: Auditing Accounting Estimates and Related Disclosures Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

To address the talent shortage, firms have turned to several options, including raising fees, culling clients, outsourcing and offshoring. Rohan Singhai of Miles Talent Hub joins us to discuss accounting staffing trends and strategies. Resources: Miles Talent Hub Employee management articles, events and resources CPA pipeline news and resources

This episode covers two upcoming AICPA Auditing Standards Board exposure drafts, status of the PCAOB’s firm and engagement metrics proposal and the PCAOB’s audit focus series. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA auditing board approves two exposure drafts for public comment PCAOB withdraws proposed rules requiring extensive firm and engagement metrics PCAOB Audit Focus: Audit Committee Communications Accounting and audi...

The first month of President Trump’s second term has been filled with a flurry of changes that impact businesses, including tariffs, steep cuts by the Department of Government Efficiency (DOGE) and restricted immigration. Daniel Munoz, business reporter at The Record, discusses the changes and how New Jersey’s business community is reacting. Resources: March 13 Webinar: How Federal Policies Are Impacting New Jersey Businesses

Artificial intelligence (AI) is revolutionizing accounting, promising efficiency and accuracy. But why are firms still hesitant? In this episode, Zealogic’s Anthony Geanoules dives into the game-changing potential of AI in accounting and the common concerns holding firms back. Gain practical insights for leveraging the power of AI. Resources: AI Knowledge Hub Zealogics

Brad and his guests discuss the recently issued FASB accounting standard update on expense disaggregation disclosures as well as guidance on non-GAAP financial measures. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB ASU 2025-01, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date Journal of Accountancy article: Exercising caution with non-GAAP meas...

What are the major issues impacting college accounting education and what’s being done to address them? Host Sean Stein Smith, CPA, sat down with Peter J. McAliney of Rutgers University to discuss. Resources: CPA Pipeline Knowledge Hub