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NJCPA IssuesWatch Podcast: A&A Update – 10/18/22 (D4-4435838)

10 Minutes
On demand - Video

On Demand - Video

0.2 CPE Credits in AA

OVERVIEW

This episode focuses on FASB ASU 2022-04 concerning disclosure of supplier finance program obligations and AICPA SAS No. 145 concerning risk assessment.

HIGHLIGHTS

  • FASB ASU – 2022-04, Liabilities – Supplier Finance Programs
    • Addresses disclosure of supplier finance program obligations
    • Effective for fiscal years beginning after Dec. 15, 2022
  • AICPA SAS No. 145 — Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
    • Provides guidance and revised definitions that enable auditors to improve the risk assessment process and their own audit quality
    • Effective for financial statements periods ending on or after Dec. 15, 2023

COURSE LEVEL

Basic

PREREQUISITES

None

INSTRUCTOR

Brad Muniz

Brad E. Muniz, CPA

Partner in Charge of Accounting & Auditing

SobelCo

Brad is a member of the firm and director of accounting and auditing at SobelCo, serving small businesses and individuals in the areas of accounting, auditing, tax and business consulting. He has significant experience in financial reporting, tax compliance and planning for closely held businesses, SEC registrants, nonprofit organizations and strategic business planning, and in industries, such as real estate, construction, architectural and engineering, retail, hospitality and manufacturing. Brad is a member of the AICPA and the NJCPA, and was a former NJCPA president. In addition, Brad has served as an adjunct professor of accounting at William Paterson University and the College of Saint Elizabeth.

PRICING

$5.95 - Member

$10.95 - Nonmember

COURSE DEVELOPER

ACPEN