IssuesWatch Podcast

Sarah Krom, managing partner of SKC & Co. CPAs, and Aiysha (AJ) Johnson, CEO and executive director of the NJCPA, exchange insights on career growth, daily productivity habits, essential soft skills and what lies ahead in their 10-year visions. Tune in for practical wisdom and reflection from two leading professionals. And, in the lightening round, find out what animal AJ would be, whether Sarah prefers cat or dogs, what superpower AJ wants, whether Sarah prefers the ocean or mountains, and more.

With so much AI development going on, companies need to understand how to apply accounting rules. There are existing accounting frameworks under U.S. GAAP that are relevant, but the challenge is applying them to AI. There are grey areas and questions that need to be answered.

Minutes before the July 1 deadline, Governor Sherrill signed a major new state budget. Is it actually the breath of fresh air New Jersey businesses have been waiting for? Budget expert Chris Emigholz dissects the massive $60.7 billion spending plan, including new revenue raisers and business fees, changes to the STAY NJ program, last-minute budget add-ons and more.

AICPA system and organization controls (SOC) reporting has become a cornerstone of trust in today’s technology-driven market. But does too much reliance on SOC 2 reports create a false sense of security? This episode discusses why over-reliance can be risky.