NJCPA IssuesWatch Podcast

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 ca...

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 Commen...

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....

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 SSA...

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...

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 a...

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 Fi...

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: Su...

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/na...

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 cont...

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 Accou...

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 auditin...

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 profe...

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, an...

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 art...

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 Talki...

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...

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 artic...

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 exte...

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...