Episodes

When it comes to the accounting profession’s talent crisis or the current landscape of diversity, equity and inclusion, it seems that everyone has an opinion. But what does empirical research tell us about how we should be looking at and addressing these two critical and connected issues? Donny Shimamoto, CPA, of Intraprise Techknowlogies and the Center for Accounting Transformation joins us to discuss two research reports that highlight strategies and approaches to improve retention, reduce tur...

Brad and his guest Matt Charne provide a rundown of 12 accounting and auditing standards and pronouncements from FASB, GASB and PCAOB. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Accounting and auditing articles and events Governmental accounting articles and events Join the Accounting & Auditing Standards Interest Group

The New Jersey Chamber of Commerce’s legendary Walk to Washington is back after a five-year hiatus. Find out what this event is all about – and hear about one CPA’s experience attending the event and what she’s looking forward to this year. Resources: Walk to Washington

To start the new year, Brad provides a recap of accounting and auditing standards and updates from 2024. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

Accounting professionals are entrusted to safeguard clients’ most sensitive personal and financial information. Heidi Rogers from NJCPA member benefit provider CPACharge dsicusses four critical elements to lock down your data and keep client information safe. Resources: Learn more about CPACharge Article: 4 Ways to Protect Your Clients’ Data Cybersecurity Knowledge Hub NJCPA Marketplace: Cybersecurity services

As the year comes to an end, there are two new accounting standards updates from the Financial Accounting Standards Board (FASB) — one on disaggregation of income statement expenses and another on induced conversions of convertible debt instruments. Brad provides an overview of both ASUs. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures ASU...

A recent KPMG survey reveals that tax departments are poised to lead their organizations into a more resilient and empowered future. David Neuenhaus, partner-in-charge of tax at KPMG, discusses their report, “Tax Reimagined 2024: Perspectives from the C-Suite,” which shows how tax professionals are grappling with the impending expiration of the Tax Cuts and Jobs Act provisions, global tax policy updates and the ongoing pace of regulatory changes. Resources: Tax Reimagined 2024: Perspectives fr...

The AICPA board recently approved updates to the peer review standards to align with the new quality management standards and make some additional changes. And the PCAOB has issued guidance on critical audit matters and auditor responsibilities regarding illegal acts. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA board approves update to peer review standards PCAOB Audit Focus: Critical Audit Matters PCAOB Spotlight: Auditor Resp...

The AICPA recently issued an exposure draft on the applicability of AR-C Section 70 to financial statements prepared as part of a consulting services engagement. Hear an overview of the proposal, understand the nuances and find out how to provide feedback. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Exposure Draft, Proposed SSARS AR-C Section 70 Applicability Accounting and auditing articles and events Join the Accounting & Auditing ...

Donald Trump won a clear victory in the Presidential race, taking both the popular vote and the electoral college. Dr. Ben Dworkin, director of the Rowan Institute for Public Policy, provides his insights on what happened and why. He also discusses the potential impact of the Trump presidency on tax and business policies. #IssuesWatch #Podcast #Trump #Election2024

The U.S. Justice Department is suing financial services giant Visa for allegedly violating antitrust laws in its debit card business. Eric Cohen, CEO of Merchant Advocate, joins us to discuss Visa’s role in the debit card space and the viability and potential impact of the lawsuit. Resources: Learn more about Merchant Advocate (NJCPA Member Benefit Provider)

Three college accounting educators – who are also CPAs – discuss the state of accounting education today. They cover enrollment trends, shifts in curriculum, accommodating varied learning styles, bridging the gap between the classroom and the workforce, alternative pathways to CPA and more. Resources: The State of Accounting Education Knowledge Hub CPA Pipeline Knowledge Hub

This episode reviews the top four priorities of the Financial Accounting Standards Board (FASB) Private Company Council (PCC) as well as Public Company Accounting Oversight Board (PCAOB) staff observations from 2023 annual inspection reports. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: FASB Private Company Council top four priorities PCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts to Boost Trans...

The two presidential candidates have many stark differences on policy matters, including taxation and economics. PwC’s Miguel Martinez speaks with NJCPA’s Jeff Kaszerman about these differences, what the impact would be on the deficit, the prospect of a divided government and the future of the SALT deduction cap. Resources: PwC Pulse Survey: Executive takes on Election 2024

The effective date of the AICPA’s new quality management standards is fast approaching, and they represent a significant change in how CPA firms need to approach quality control. Get an overview of the requirements - and make sure you pass your peer review! *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Webinar – Quality Management: Understanding and Implementing the New Standards, Nov. 12 or Nov. 26 AICPA quality management standards r...

Two-factor authentication (2FA) is a powerful anti-fraud, anti-hacking tool. But it can also be used against you – as NJCPA member Sean Stein Smith, CPA, recently found out firsthand. Hear about Sean’s story and find out steps you can take to protect yourself. Resources: Speaking with Clients about 2FA Fraud Prevention Fraud Prevention Knowledge Hub

A recent Public Company Accounting Oversight Board (PCAOB) report provides insights into auditor independence issues found during PCAOB inspections. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: PCAOB Spotlight: Inspection Observations Related to Auditor Independence Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

A new book, Accounting for Times: Evolve or Dissolve, delves into what accounting firms need to do to thrive in today’s business environment. The book’s authors – Rachel Anevski and Dr. Jessica Levin – join us to discuss how firms can adjust to the expectations of young professionals, private equity versus ESOPs, how firms can embrace AI, and more. Resources: Purchase Accounting for Times: Evolve or Dissolve More about Jessica Levin and Seven Degrees More about Rachel Anevski and Matters of Ma...

This episode recaps recent regulations and guidance regarding accounting for cryptocurrency and digital assets, including a taxonomy for classifying digital assets and a review of FASB ASU on accounting for and disclosure of digital assets. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA article: A taxonomy for classifying digital assets FASB ASU 2023-08, Accounting for and Disclosure of Digital Assets https://www.aicpa-cima.com/re...

How can CPA firms maximize the use of generative artificial intelligence (AI) while mitigating its risks? CNA Insurance’s Sarah Ference discusses concerns about data privacy, bias and the reliability of generative AI’s content as well as steps firms can take to ensure that these tools are used in a responsible and beneficial manner. Resources: AI/Automation Knowledge Hub Generative AI and risks to CPA firms CNA Insurance The information, examples and suggestions presented in this podcast have...

Cryptocurrency OG Jeremy Nau, CPA, joins us to discuss how blockchain-based audits help produce better data and analytics. He also shares his wish list for standards related to crypto accounting and tips for CPAs looking to get involved in the space. Resources: Cryptocurrency and Digital Assets Knowledge Hub The Network Firm

Understand the risks involved in signing non-disclosure agreements, make sure your firm is on schedule to conform to the AICPA’s new quality management standards, and learn about the PCAOB’s annual report regarding audits of broker dealers. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA quality management resources PCAOB Annual Report on the Interim Inspection Program Related to the Audits of Broker Dealers Accounting and auditing...

The legislative landscape for artificial intelligence and privacy rights is rapidly evolving, and states are taking different approaches. Bill Kramer of MultiState Associates joins us to discuss the latest developments nationwide and how they could influence New Jersey's policies. Resources: Legislative Action Center MultiState Associates

In part two of a two-part episode, Brad and Frank continue to discuss the AICPA’s Technical Q&As. This episode covers cash balances and cash flow statements. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA Technical Questions and Answers Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group