NJCPA IssuesWatch Podcast New Jersey Society of CPAs

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 (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 (https://njcpa.org/events)* Become an NJCPA member (https://njcpa.org/join)

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:*  (https://njcpa.org/hub/accounting)SAS 143 Updates (https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/sas-141-at-a-glance.pdf)* Accounting and auditing articles and events (https://njcpa.org/hub/accounting)* Join the Accounting & Auditing Standards Interest Group (https://njcpa.org/groups)

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 (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 (https://njcpa.org/nano). *** Resources:* Accounting and auditing articles and events (https://njcpa.org/hub/accounting)* Join the Accounting & Auditing Standards Interest Group (https://njcpa.org/groups)

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 Finances (https://www.njcpa.org/article/2023/09/13/njcpa-applauds-signing-of-bill-that-will-provide-a-better-understanding-of-new-jersey-s-finances)* Learn more about Garden State Initiative (https://gardenstateinitiative.org)