IssuesWatch Podcast

Brad is joined by Paula Young, CPA, a partner at EisnerAmper, to discuss FAS 95 – Statement of Cash Flows: direct versus indirect method; what should be put into each of the three main sections; common errors and issues; “big R” and “little r;” and more.

The 150-credit-hour requirement for CPA licensure is the topic of much debate. We recently surveyed more than 1,000 NJCPA member about the topic. Hear what they had to say about whether new hires without 150 hours pursue CPA certification, whether there are any discernable skill differences among candidates with 120 hour versus 150 hours, whether there should be alternatives to the 150 hours, and more.

Get an update on two IRS code changes impacting crypto transactions: Section 6050I, which went into effect for all crypto transactions taking place after Dec. 31, 2023, and Section 6045, which is set to take effect for transactions occurring after Jan. 1, 2025. Get the ins and outs on these filing requirements.

Learn about three recent accounting standards updates and proposals: A FASB proposal related to debt conversion, AICPA guidance on the definitions of publicly traded entity and public interest entity; and a GASB statement on disclosure of certain risks.