NJCPA IssuesWatch Podcast New Jersey Society of CPAs

Communication is the foundation of all relationships, whether personal or professional. And how you listen is just as important as how you speak. Dave Delaney, founder of Futureforth, joins us to discuss how actively managing and monitoring these skills can yield dividends on your career investment.Resources:* Download The Nice Method (https://nicemethod.us) (enter code IssuesWatch)* Career Development Knowledge Hub (https://njcpa.org/career)

Learn about recent FASB activity, including a new standard on business combinations and an upcoming standard on accounting for crypto assets. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano (https://njcpa.org/nano). *** Resources:* FASB Accounting Standards Update 2023-04: Liabilities - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121 (https://www.fasb.org/document/blob?fileName=ASU%202023-04.pdf)* FASB Accounting Standards Update 2023-05: Business Combinations - Joint Venture Formations (https://www.fasb.org/document/blob?fileName=ASU%202023-05.pdf)* Accounting articles, resources and events (https://njcpa.org/hub/accounting)* Join the Accounting & Auditing Standards Interest Group (https://njcpa.org/groups)

Accountants and accounting firms continue to grapple with whether and how to leverage artificial intelligence (AI), though most agree that their companies will be impact by AI in some way. We sat down with Leon Grassi of Sax LLP to talk about the impact of artificial intelligence and automation tools on the accounting profession: the adoption of ChatGPT and other tools; the expectations, risks and benefits of AI; the impact it will have on jobs in accounting and finance; and more.Resources:* Automation Knowledge Hub (https://njcpa.org/hub/automation)* Join the Emerging Technologies Interest Group (https://njcpa.org/groups)

Get guidance on applying the AICPA Conceptual Framework for Independence as it relates to identifying common threats and taking steps to identify and apply safeguards. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano (https://njcpa.org/nano). *** Resources:* AICPA practice aid: Conceptual Framework Toolkit for Independence (https://us.aicpa.org/content/dam/aicpa/interestareas/professionalethics/resources/downloadabledocuments/toolkitsandaids/conceptual-framework-toolkit-for-independence-final.pdf)* New Jersey Law & Ethics course schedule (https://njcpa.org/ethics)* CPA License Renewal Time Is Approaching (https://www.njcpa.org/article/2023/07/20/cpa-license-renewal-time-is-approaching)

New Jersey’s lawsuit environment is the fourth most expensive in the nation, according to a report by the U.S. Chamber of Commerce. And New Jersey was on the American Tort Reform Foundation’s Judicial Hellhole watchlist in 2022. Anthony Anastasio of the New Jersey Civil Justice Institute provides insight and guidance for how businesses can reduce their liability exposure.Resources:* New Jersey Civil Justice Institute (https://civiljusticenj.org)* NJCPA Legislative Action Center (http://njcpa.org/advocacy) * Employment Law Knowledge Hub (https://njcpa.org/hub/employmentlaw)

In this episode, Brad discusses a proposed FASB standard on reporting comprehensive income and the results of the PCAOB’s inspection of broker/dealer audits. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano (https://njcpa.org/nano). *** Resources:* FASB Seeks Public Comment on Proposal to Improve Disclosures Around Income Statement Expenses (https://www.njcpa.org/stayinformed/hubs/topics/full-article/2023/07/31/fasb-seeks-public-comment-on-proposal-to-improve-disclosures-around-income-statement-expenses)* PCAOB Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers (https://assets.pcaobus.org/pcaob-dev/docs/default-source/inspections/documents/2022-broker-dealer-annual-report.pdf?sfvrsn=24596f4e_2)* Accounting & Auditing Knowledge Hub (https://njcpa.org/hub/accounting) * Join the Accounting & Auditing Standards Interest Group (https://njcpa.org/groups)