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The federal government produces audited, accrual-based financial statements in accordance with federal government accounting standards. However, they remain virtually unknown and underutilized in both professional and public discourse.

From inviting guests into the classroom to having students excite other students, panelists from an NJCPA virtual discussion in April said the following 10 steps can be taken to inspire college students to enter accounting careers.

We asked NJCPA emerging leaders what major factors influenced their decision-making processes in their careers and what advice they would give to other young professionals. Here are their responses.

The NJCPA Scholarship Fund has awarded $188,000 in scholarships to 44 New Jersey high school seniors entering college and current college students.

Estate planning is complicated enough, particularly if a taxable estate is equal to or less than the federal exemption. It's important to also avoid double taxation.

Social media does not replace referrals or networking. It supports them by keeping your voice in front of prospects, demon­strating expertise and opening the door to conversations.

Beyond signaling expertise and credibility, earning a CPA license opens the door to a wide array of career opportunities across public accounting, corporate finance, government and beyond.

There are several audit considerations to keep in mind as consolidation and mergers and acquisition activity continues in the retirement industry. Discussing these with plan sponsors and fiduciaries ahead of time can help.