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

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

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 professionals.

See John and more fantastic speakers at the NJCPA 2025 Convention and Expo!

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, and walk us through the process of uncovering these costly issues.

Resources:

• Fraud Detection and Prevention Knowledge Hub

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

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 Talking to Clients About Crypto – June 5 session by Sean Stein Smith at NJCPA Convention & Expo

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:

• New Jersey Budget news and information

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