Episoder
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CPAs are in a unique position to help their clients plan out and meet their financial goals. Stephanie Hughes of Wiss Private Client Advisors talks with us about how CPAs can incorporate retirement planning, education planning and wealth management into their practice and the benefits this will provide to the firm and its clients.
Resources:
Financial Planning Knowledge Hub - https://njcpa.org/hub/financialplanning -
While attending the 2024 NJCPA Convention & Expo, Dr. Sean Stein Smith, CPA, sat down with two active NJCPA members - Joe Hunt, CPA, and Phil Sookram, CPA - to discuss trends in the profession and the value they get from attending the Convention with their peers.
Resources:
* Upcoming NJCPA events
* Become an NJCPA member
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Manglende episoder?
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SAS 143 has changed the auditor’s requirements around accounting estimates, largely as it relates to the uncertainty of the estimates and management’s bias. Brad, Frank, and Jay will discuss what auditors need to do and what management should expect.
Resources:
SAS 143 UpdatesAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Forbes recently made a splash when it published its inaugural list of the top 200 CPAs in the country. New Jersey was well represented on the list! But we wanted to dig a little deeper into how the honorees were selected and whether this list will be published annually. Hear what Steel Rose, CPA, senior editor at Forbes, revealed to us.
Resources:
America’s Top 200 CPAs - https://forbes.com/top-cpas -
Still concerned about going concern? Brad breaks it all down.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
Accounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Getting a full picture of New Jersey’s financial status is challenging. It’s not just a matter of reviewing the annual budget. Thanks to recently signed legislation the NJCPA participated in drafting, this is going to become much easier. Audrey Lane, president of Garden State Initiative, talks with us about what type of information will soon be available and why it’s so important.
Resources:
NJCPA Applauds Signing of Bill That Will Provide a Better Understanding of New Jersey’s FinancesLearn more about Garden State Initiative -
This episode focuses on materiality, especially as it relates to reviews. It also covers a new quality control standard from the Public Company Accounting Oversight Board (PCAOB).
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
AR-C Section 90 – Review of Financial StatementsPCAOB Adopts New Quality Control StandardAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Every CPA, firm, company and organization across the country is seemingly taking steps to expand the accounting talent pool. In this episode we discuss one of the leaders of that effort: the Center for Audit Quality (CAQ), a nonpartisan public policy organization serving as the voice of U.S. public company auditors. Guest Liz Barentzen, Vice President Operations and Talent Initiatives with the CAQ, discussed Accounting+, a first-of-its kind, profession-backed campaign to actively engage high school and college students on the benefits of a career in accounting.
Resources:
Learn more about Accounting+CPA Pipeline Knowledge Hub -
There are countless books and videos promising to tell you the secrets of leadership. But according to Dr. Sean Stein Smith, CPA and David Almonte, CPA, CGMA – and his seven-year-old daughter – there is no secret. In this episode, Sean and David break down how you can improve the leader within and develop your own unique leadership style.
Resources:
-Article on leadership
-ISSUESWATCH PODCAST | Empower, Inspire, Listen: The Leadership Trifecta
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How should an auditor approach potential fraud? Find out in the latest episode of the IssuesWatch Podcast.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
The auditor’s approach to fraud: Enhanced with forensics (Journal of Accountancy article) - https://www.journalofaccountancy.com/news/2024/mar/the-auditors-approach-to-fraud-enhanced-with-forensics.html
Accounting and auditing articles and events: https://njcpa.org/hub/accountingJoin the Accounting & Auditing Standards Interest Group: https://njcpa.org/groups -
In this episode, we unpack the importance of mental health in the modern workplace. Guests Ifen Donovan and Sarah Krom discuss the rising rates of stress and burnout and explore how companies can build a culture that prioritizes employee wellbeing. They also share actionable steps individuals can take to manage their mental health.
Resources:
American Psychological Association’s resources for healthy workplacesU.S. Surgeon General’s Framework for Workplace Mental Health and Well-Being -
Busy season is over – it’s time to focus on the health of your firm. Learn about typical findings that will cause your firm to fail its peer review.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
Peer review articles, resources and eventsAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Nearly 1,000 business leaders recently gathered at the New Jersey Chamber of Commerce’s ReNew Jersey Business Summit to discuss the business climate in New Jersey and how to make it more competitive and attractive. Chamber President Tom Bracken shares the biggest takeaways and also discusses the business community’s reaction to Governor Murphy’s proposed 2.5% corporate transit fee.
Resources:
New Jersey Chamber of CommerceMore on the New Jersey budget -
After a long stretch without any new accounting standards, the FASB has recently issued two Accounting Standards Updates. Get an overview of what they cover.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
FASB ASU 2024-01: Compensation - Stock Compensation FASB ASU 2024-02: Codification Improvements - Amendments to Remove References to the Concepts Statement AICPA AU-C Section 230 - Audit DocumentationAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Some say leaders are born, not made. But there are critical strategies and techniques anyone can use to unlock their leadership potential. Find out more in our conversation with Thomas Metelski, CPA.
Resources:
Leadership Knowledge HubThe Value of Values podcastLearn from Thomas and others at the NJCPA Convention & Expo, June 11-14 -
In this episode, Brad and Frank dive into attestation activities – definitions of each, example scenarios and sample report language.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
Accounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
We take a deep dive into several components of Governor Murphy’s $55.9 billion proposed budget for New Jersey’s 2025 fiscal year, including the controversial corporate transit fee.
Resources:
More about the budget proposal – https://njcpa.org/njbudget -
This episode is all about NOCLAR: noncompliance with laws and regulation. Brad recaps the AICPA Professional Ethics Executive Committee's Interpretation on items including NOCLAR and discusses the PCAOB's controversial NOCLAR proposal.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
AICPA Professional Ethics Executive Committee Issues Interpretation on items including NOCLARAICPA Statement on Auditing Standards No. 147Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and RegulationsRecording of PCAOB virtual roundtable on the NOCLAR proposalAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group -
Host Sean Stein Smith, CPA, welcomes Garrett Wagner, CPA, who shares his first-hand experiences with succession planning and provides tips and recommendations for firm leaders to ensure the successful continuation of their firms.
Resources:
Succession planning articles, resources and events: https://njcpa.org/hub/succession -
In this episode, Brad and Frank discuss the ins and outs of personal financial statements: methods of presentation, estimated current value, investment in a closely held business, real estate, compilations and more.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
Download Frank’s notesFASB ASC 274 – Personal Financial StatementsAR-C Section 80 – Compilation EngagementsAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group - Vis mere