Afleveringen
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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 prioritiesPCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts to Boost TransparencyAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Zijn er afleveringen die ontbreken?
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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. 26AICPA quality management standards resourcesAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
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 PreventionFraud 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 IndependenceAccounting and auditing articles and eventsJoin 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 DissolveMore about Jessica Levin and Seven DegreesMore about Rachel Anevski and Matters of ManagementFirm Administration Knowledge Hub -
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 assetsFASB ASU 2023-08, Accounting for and Disclosure of Digital Assetshttps://www.aicpa-cima.com/resources/article/bitcoin-basics-for-nfps-accepting-and-valuing-crypto-asset-giftsCryptocurrency and digital assets articles and eventsAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
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 firmsCNA InsuranceThe information, examples and suggestions presented in this podcast have been developed from sources believed to be reliable, but they should not be construed as legal or other professional advice. CNA accepts no responsibility for the accuracy or completeness of this podcast and recommends the consultation with competent legal counsel and/or other professional advisors before applying this material in any particular factual situations. This material is for illustrative purposes and is not intended to constitute a contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA” is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the “CNA” trademark in connection with insurance underwriting and claims activities. Copyright © 2024 CNA. All rights reserved.
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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 HubThe 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 resourcesPCAOB Annual Report on the Interim Inspection Program Related to the Audits of Broker DealersAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
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 CenterMultiState 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 AnswersAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Running a business can be tough. But what if you had a secret weapon? Find out how to harness the power of data analytics and dashboards to streamline operations, increase efficiency and achieve your business goals.
Resources:
FourZeroNine SolutionsData Analytics Knowledge Hub -
In part one of a two-part episode, Brad and Frank review four key topics included in the AICPA’s Technical Q&As: Pro bono and below-cost fees; familiarity threat; hosting/portal access for clients; and tax planning/prep as non-attest services.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
AICPA Technical Questions and AnswersAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
A new report by the Illinois CPA Society reveals accounting students’ and early career accounting professionals’ perceptions of CPAs and the CPA credential, along with the top challenges and deterrents driving their decisions. ICPAS’ Geof Brown and Kari Natale join us to discuss the findings – and what those who are already in the profession can do to make it more appealing to the next generation of CPAs.
Resources:
Re-Decoding the Decline: An Updated CPA Pipeline ReportCPA Pipeline Knowledge Hub -
RetireReady NJ is a new program in New Jersey that aims to fill the void for workers who do not have access to private employer retirement plans. But, like most well-intentioned state programs, the devil is in the details. Chris Fundora of Traphagen CPAs & Wealth Advisors joins us to discuss what CPAs who represent or work for New Jersey employers need to know. The registration deadlines are fast approaching, and there will be penalties for noncompliance.
Resources:
RetireReady NJRetirement planning articles, resources and events -
This episode dives into disaggregated data – what it is, why it’s done, how it’s incorporated into FASB standards and best practices when it comes to data analytics.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
FASB: Disaggregation – Income Statement ExpensesAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
On June 28, New Jersey lawmakers passed the fiscal year 2025 state budget. To summarize it in one word: disappointing. NJBIA's Chris Emigholz joins us to discuss some of the major elements of the budget - the corporate transit fee, the $2.1 billion structural gap, property tax relief, public worker pension funding - and the potential impact and implications.
Resources:
New Jersey Budget articles and resources -
More companies seem to be taking advantage of receivable borrowing. This episode takes a look at accounting for borrowing on accounts receivable.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
CPA Journal article: Factor Fiction under ASU 2016-15PCAOB Updates Its Standards To Clarify Auditor Responsibilities When Using Technology-Assisted AnalysisPCAOB Modernizes Its Rules by Strengthening Accountability for Contributing to Firm ViolationsAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group - Laat meer zien
