Journal of Accountancy Podcast

Latest Episodes:

Remembering an enthusiastic CPA who challenged the status quo Nov 22, 2022

Show notes

Steve Player, a CPA with a passion for advancing the profession, recently died. Today, we pause to remember Player and the contributions he enthusiastically made to accounting.

Player generously lent his expertise to numerous Journal of Accountancy and FM magazine projects over the years, and he was a regular speaker at conferences. He did all of that with an infectious fervor.

Unearthing talent: Embracing the 'era of professional apprentices' Nov 17, 2022

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About a year ago, the AICPA announced a new route to obtaining the Chartered Global Management Accountant designation. The path is an apprenticeship program that, earlier this week, welcomed the first three companies as official partners in the program. The Registered Apprenticeship for Finance Business Partners program was part of the festivities in Chicago at the kickoff of National Apprenticeship Week.

Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement & Growth at the AICPA, is the guest on this edition of the Journal of Accountancy podcast to talk more about the program and where it's headed.

Tax conference takeaways: IRS service, corporate minimum tax, and more Nov 09, 2022

Show notes

CPAs April Walker, Brandon Lagarde, and Kristin Esposito all attended last week's AICPA & CIMA National Tax Conference in Washington. Walker is a lead manager in the AICPA Tax Section, and Esposito is a director on the Tax Policy & Advocacy Team. Lagarde, a Louisiana firm leader, is chair of the Tax Practice Management Committee.

They each shared takeaways from the event and what practitioners can focus on in the future.

"You get an insight into what impacts your practice and things that you don't even know impact your practice that you learn," Lagarde said.

IRS news, Roth conversion considerations, stopping elder financial abuse Nov 03, 2022

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This episode of the podcast summarizes recent news coverage in the Journal of Accountancy, along with an article on what to consider before converting a traditional IRA to a Roth IRA. The episode highlights articles in the November issue of the magazine flipbook. Content mentioned in the episode includes:

Coverage of the AICPA & CIMA National Tax Conference: The sentiment of former IRS commissioners, along with one concern of National Taxpayer Advocate Erin Collins.
Details on the growing tax gap, according to IRS data.
NOCLAR: What CPAs in public practice and in business should know.
What to think about before converting a traditional IRA to a Roth IRA.
How CPAs can protect clients from elder financial abuse.
The Last Word feature by Andrew Hunzicker, CPA.
Technology Q&A articles about Excel's Advanced Filter feature and comparing versions of a Word document.

Q&A: The 2 most prevalent cyberthreats for CPA firms Oct 27, 2022

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Sarah Ference, CPA, is a risk control director at CNA, the underwriter of the AICPA's Professional Liability Insurance Program. She also is a co-author for the Journal of Accountancy's monthly Professional Liability Spotlight column. In her current role, Ference advises firms of all sizes on how they can manage their professional liability risk.

In this episode, a collaboration with the Small Firm Philosophy podcast, Ference talks with Jeff Drew about what to look for in email, the danger of clicking on unfamiliar links, and more.

IRS annual inflation adjustments, negotiating a job offer, and a quiz Oct 20, 2022

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Nine articles have been posted on journalofaccountancy.com since Oct. 13, which means there's been a lot of recent news affecting the accounting profession. This episode focuses on several of those articles, which offer advice, a chance to test knowledge, and some key numbers when it comes to thinking about the 2023 tax year. Here is a list of article topics mentioned in the episode:

IRS annual inflation adjustments.
An AICPA letter seeking guidance on the corporate alternative minimum tax.
A quiz on helping clients reduce cash-handling risks.
Understanding the tax consequences of remote work.
Advice for negotiating once you've received a job offer.
Annual wage base and COLA announcement by the Social Security Administration.
FASB moves toward standard for fair value accounting of cryptoassets.
FASB seeks input on proposed new chapter for its Conceptual Framework.

A closer look at proposed revisions to the AICPA tax standards Oct 18, 2022

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An exposure draft was issued recently by the AICPA for the Statements on Standards for Tax Services (SSTSs).

April Walker, CPA, CGMA, lead manager on the AICPA's Tax Practice & Ethics team, talks with Henry Grzes, CPA, also a Tax Section lead manager, and Dave Holets, CPA, a partner in the Crowe National Tax Services Group and chairman of the SSTS Revision Task Force, about the details of the proposed changes, including what's new in the proposals.

Roth IRAs vs. 529 plans, job candidate questions, and an IRS extension Oct 13, 2022

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News coverage on the Journal of Accountancy site touched on numerous topics recently, from financial planning advice to questions interviewees can ask employers to updates from the IRS and SEC. This episode touches on all those topics, plus it has a clip from a recent AICPA & CIMA and CPA.com Town Hall Series discussion about the CPA pipeline.

A pioneering CPA reflects on a 50-year journey Oct 07, 2022

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To celebrate National Hispanic Heritage Month, Gil Vasquez, CPA, the founder of the Association of Latino Professionals for America (ALPFA), joins the Journal of Accountancy podcast to discuss the history of ALPFA and how it has evolved over the years.

The founder and managing partner of Vasquez & Company LLP talks about early struggles to land a job as a CPA and some of the work he has done serving on boards in Los Angeles.

National Hispanic Heritage Month is Sept. 15 to Oct. 15.

Guiding principles for today's boards of directors Oct 04, 2022

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Change has been the one constant for companies since 2020, and the wave of new developments is challenging corporate boards to consider a fresh approach.

The Future of the American Board, a new report from the National Association of Corporate Directors (NACD), offers a framework for boards looking for answers. Sue Cole, chair of the NACD, joins the Journal of Accountancy podcast to discuss how the NACD's framework can be a resource for boards tasked with navigating an ever-changing corporate landscape.