NJCPA IssuesWatch Podcast

Get an overview of the recent guidance and clarifications issued by the AICPA Professional Ethics Executive Committee.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: PEEC Publishes Final Clarifications in the AICPA Code of Professional Conduct for Engagements Subject to SSAEs PEEC releases clarifying guidance on independence in SSAE en...

Over the past six months, participants of the Emerging Leaders Book Club met to explore three powerful titles: Greenlights by Matthew McConaughey, The Psychology of Money by Morgan Housel and The Obstacle Is the Way by Ryan Holiday. Three of the NJCPA members who led the book discussions — Matt Mojica, Brandon Ventura and Lexi Wilson — share why these books were chosen as well as the insights and...

Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2023-09 makes improvements to income tax disclosures. It’s already effective for public companies and will become effective for private companies soon. Get an overview of the changes. Resources: FASB ASU 2023-09 Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group

When HBK CPAs & Consultants moved its mid-Atlantic regional headquarters to the historic Bell Works in Holmdel, the firm’s managing principal and CEO, Tom Angelo, said he wanted the firm to provide the expertise to help small businesses grow beyond even what they might imagine for themselves. Hear from Tom about how HBK envisions the future of accounting, from staffing and talent, to private e...

The PCAOB recently released new staff guidance on paragraph .10A of AS 1105, Audit Evidence, including illustrative examples that can help audit firms implement the requirements. This is particularly important given the growing use of artificial intelligence.   *** This episode qualifies for nano CPE credit. Find out more at  https://njcpa.org/nano . ***   Resources: PCAOB Staff Guidance: Examples...

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...

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 lar...

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 Accounti...

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 account...

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 th...

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...

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...

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 A...

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 surv...

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 th...

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 A...

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 Standard...

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 deadli...

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 a...

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 betwe...

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...

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 emoti...

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) O...