NJCPA IssuesWatch Podcast New Jersey Society of CPAs

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 Commerce (https://njchamber.com)* More on the New Jersey budget (https://njcpa.org/njbudget) 

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 (https://njcpa.org/nano). *** Resources:* FASB ASU 2024-01: Compensation - Stock Compensation (https://www.fasb.org/page/ShowPdf?path=ASU%202024-01.pdf&title=ACCOUNTING%20STANDARDS%20UPDATE%202024-01%E2%80%94Compensation%E2%80%94Stock%20Compensation%20(Topic%20718):%20Scope%20Application%20o)* FASB ASU 2024-02: Codification Improvements - Amendments to Remove References to the Concepts Statement (https://www.fasb.org/page/ShowPdf?path=ASU%202024-02.pdf&title=ACCOUNTING%20STANDARDS%20UPDATE%202024-02%E2%80%94Codification%20Improvements%E2%80%94Amendments%20to%20Remove%20References%20to%20the)* AICPA AU-C Section 230 - Audit Documentation (https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/au-c-00230.pdf)* Accounting and auditing articles and events (https://njcpa.org/hub/accounting)* Join the Accounting & Auditing Standards Interest Group (https://njcpa.org/groups)

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 Hub (https://njcpa.org/hub/leadership)* The Value of Values podcast (https://open.spotify.com/show/7rXlF9pOumvCSBh6LUVW97)* Learn from Thomas and others at the NJCPA Convention & Expo, June 11-14 (https://njcpa.org/convention)

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 (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)

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 (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 (https://njcpa.org/nano). *** Resources:* AICPA Professional Ethics Executive Committee Issues Interpretation on items including NOCLAR (https://www.journalofaccountancy.com/issues/2022/jun/code-of-conduct-changes-address-noclar-unpaid-fees-loans-assisting-clients-standards.html)* AICPA Statement on Auditing Standards No. 147 (https://www.aicpa-cima.com/resources/download/aicpa-statement-on-auditing-standards-no-147)* Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations (https://pcaobus.org/about/rules-rulemaking/rulemaking-dockets/docket-051)* Recording of PCAOB virtual roundtable on the NOCLAR proposal (https://pcaobus.org/news-events/events/event-details/pcaob-staff-virtual-roundtable-on-noclar-proposal)* Accounting and auditing articles and events (https://njcpa.org/hub/accounting)* Join the Accounting & Auditing Standards Interest Group (https://njcpa.org/groups)