153: A&A Update with Brad Muniz – 11/1/22

Brad is joined by Frank Boutillette to discuss FASB’s tentative decision about accounting for crypto assets, FASB’s segment reporting proposal, topics being addressed by the AICPA Private Company Council, tips for assessing the risk of fraud in financial statements, and new SEC rules on electronic recordkeeping. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources:FASB Decides on Accounting Method for Crypto AssetsFASB Seeks Input on Proposal to Improve Segment ReportingUsing Benford’s Law to reveal journal entry irregularitiesSEC Adopts Rule Amendments to Modernize How Broker-Dealers Preserve Electronic Records and Enhance the Electronic Recordkeeping Requirements for Security-Based Swap EntitiesNJCPA Accounting & Auditing Knowledge Hub Join the NJCPA Accounting & Auditing Standards Interest Group