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 SSAE engagements
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

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 small and midsize firms manage professional liability risk
• 5:07 – Risk considerations for firms entering into a private equity deal
• 10:40 – How firms can ensure continued client service during a leadership transition
• 16:46 – The role of legal protections and buy-sell agreements during a firm transition
• 25:01 – Insurance considerations

Resources:

• Firm management and succession planning articles and events
• Learn more about Aon

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 and events
• Join the Accounting & Auditing Standards Interest Group

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
• Firm management events, articles and resources

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:

• Summary and Analysis of the Annual Comprehensive Financial Report
• Article: The State of New Jersey’s Financial Health

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/nano. ***

Resources:

• FASB Seeks Public Comment on Proposal to Improve Accounting for Debt Exchanges
• SSARS No. 27 At a Glance
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

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 continue attracting and retaining talented young professionals.

Resources:

• Expanding the Accounting Profession Pipeline report
• CPA Pipeline Knowledge Hub

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 continue attracting and retaining talented young professionals.

Resources:

• Expanding the Accounting Profession Pipeline report
• CPA Pipeline Knowledge Hub

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 continue attracting and retaining talented young professionals.

Resources:

• Expanding the Accounting Profession Pipeline report
• CPA Pipeline Knowledge Hub