NJCPA IssuesWatch Podcast

AICPA system and organization controls (SOC) reporting has become a cornerstone of trust in today’s technology-driven market. But does too much reliance on SOC 2 reports create a false sense of security? This episode discusses why over-reliance can be risky.   *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano . ***   Resources: AICPA guides peer reviewers to a...

Jerry Maginnis is back with us to provide advice to those pursuing a career in accounting. The second edition of his book, Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities, has new sections on how AI and private equity impact accounting careers, the importance of understanding the history of accounting, and more.   Topics discusse...

This episode, which was recorded live at the NJCPA Convention & Expo, covers parts 2 and 3 of the AICPA’s proposed changes to attestation standards.   *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano . ***   Resources: AICPA exposure drafts of proposed SASs, SSAEs ad SQMSs Accounting and auditing articles and events Join the Accounting & Auditing Stan...

We’re exploring practical ways for accounting firms, especially smaller practices, to operationalize and navigate the monitoring process mandated by Statement on Quality Management Standards (SQMS) No. 1.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: How to monitor a firm’s system of quality management Accounting and auditing articles...

America is turning 250, and New Jersey is taking center stage. In this episode, we dive into the national celebration and explore why the Garden State was famously dubbed the "Cockpit of the Revolution." Carrie Fellows of the Crossroads of the American Revolution National Heritage Area discusses the statewide plans, the organizations driving the history forward and how you can join the celebration...

The cloud promises major efficiency gains for accounting firms, but is it introducing hidden security vulnerabilities? Michael Roglen of SysCloud — an NJCPA member benefit provider — debunks common cloud security myths, discusses the critical security responsibilities that still fall squarely on your firm's shoulders, and provides a practical roadmap for a secure, successful cloud transition.   To...

This episode explores the structure of the AICPA attestation standards and how a recent Auditing Standards Board (ASB) proposal may change them.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: Proposed attestation changes: What CPAs should know Accounting and auditing articles and events Join the Accounting & Auditing Standards Inte...

Most CPAs know the federal tax calendar cold. But state entity compliance is a very different story. The rules vary dramatically from state to state, and missing a filing can create real problems for clients. And in 2026, there are some important developments CPAs should be paying attention to, especially in New Jersey, Delaware and Pennsylvania. Frank Tumminello from FileForms breaks it all down...

CPA licensure is going through one of the biggest shifts we’ve seen in years. New pathways are being introduced, and mobility rules are changing right along with it. Is your firm fully compliant? And what are the risks if you’re not? Lindsay Patterson from CPA QualityPro — a new NJCPA member benefit provider — breaks it all down.   Topics discussed: What CPAs and firms need to understand about how...

Find out about FASB’s new Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: FASB ASU 2026-01 Accounting and auditing articles and events Join the Accounting & Auditing...

Understand what a financial resilience review is and what it examines, the warning signs CPAs should be watching for in nonprofit financials and how this type of assessment helps organizations move from reactive to resilient.   *** 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...

For businesses in New Jersey and across the country, tariffs are a significant line item with massive implications for cash flow and supply chain stability. The landscape just shifted dramatically when the U.S. Supreme Court ruled that billions of dollars in tariffs imposed under the International Emergency Economic Powers Act (IEEPA) have been declared unlawful. Whether you’re a business owner wo...

New Jersey residents are feeling the burn at the meter as energy prices continue to outpace national averages. But while the numbers on your bill are clear, the reasons behind the surge are anything but simple. Janice Fuller, partner at Princeton Public Affairs Group, pulls back the curtain on the complex web of factors driving our utility rates and discusses what the future holds for New Jersey’s...

This episode reviews recently published guidance from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) that helps companies manage risks related to generative artificial intelligence (AI).   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: COSO Releases Practical Roadmap for Managing Generative AI Risks and Contr...

Is New Jersey’s newest budget proposal truly fiscally responsible? Jeff Kaszerman welcomes Dale Florio (Princeton Public Affairs Group) and Chris Emigholz (NJBIA) to break down Governor Mikie Sherrill’s FY2027 spending plan. From corporate tax deduction changes and fees to record school aid and property tax relief, we explore what this budget means for New Jersey’s business climate and whether NJC...

The episode covers the last of the Accounting Standards Updates (ASUs) that the Financial Accounting Standards Board (FASB) issued at the end of 2025. ASU 2025-12 – Codification Changes includes changes related to terminology, EPS accounting, credit losses and receivables, not-for-profit guidance and more.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano ....

New Jersey is famous for many things, but its nation-leading property tax rates usually top the list of resident grievances. In this episode, we sit down with Marc Pfeiffer, senior policy fellow at the Bloustein School of Planning and Public Policy, to demystify the complex machinery behind property taxes. Marc breaks down the fundamental mechanics of why the rates are so high, how property taxes...

This episode examines how artificial intelligence (AI) is transforming audit work by CPAs.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: Article: How AI is transforming the audit – and what it means for CPAs Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

The U.S. economy continues to send mixed signals. Inflation has cooled but hasn’t disappeared. Consumers are sour on the economy, but they continue to spend. And the impact of tariffs is still up in the air. Curtis Dubay, chief economist at the U.S. Chamber of Commerce, unpacks where the economy stands and what CPAs and their clients should be watching in the months ahead.   Topics discussed: Impa...

The Financial Accounting Standards Board has finalized standards for accounting for government grants received by business entities. Get the details.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: ASU 2025-10: Government Grants (Topic 832) Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest...

Governor Mikie Sherrill has taken office alongside a Democratic supermajority, yet New Jersey business leaders are more optimistic than they’ve been in eight years. Is this a true policy pivot or just a honeymoon phase? Micah Rasmussen of the Rebovich Institute for New Jersey Politics joins us to discuss what the first half of 2026 holds for the state’s economy and business community.   Topics dis...

FASB issued an Accounting Standards Update that makes improvements to hedge accounting. Get an overview of the changes.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: FASB ASU 2025-09: Derivatives and Hedging (Topic 815) Hedge Accounting Improvements Accounting and auditing articles and events Join the Accounting & Auditing Standar...

New Jersey has officially introduced a new pathway to licensure, and we’re breaking it all down. This is a significant shift for the profession, focusing on flexibility and accessibility without compromising the prestige of the license. June Toth, CPA, and NJCPA’s Aris Nunez discuss the new pathway and what it means for students, educators and employers. Whether you’re a firm partner looking to bo...

This episode examines a recent FASB Accounting Standards Update that focuses on accounting for seasoned loans.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: ASU 2025-08: Financial Instruments — Credit Losses (Topic 326) Purchased Loans Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Gr...

James Cox, the AICPA’s vice president of state advocacy, joins us to discuss four important issues: the movement to provide additional pathways to CPA licensure, sales tax on professional services, deregulation of state boards of accountancy, and the impact of AI and other fintech issues on CPAs and the business community.   Topics discussed (all timestamps will need to be adjusted after the edits...