NJCPA Issues Watch – A&A Update 9/21/21
Length: 10:38
This accounting and auditing update addresses FASB’s adoption of the 2021 SEC reporting taxonomy; lease standard reminders; the Center for Audit Quality’s guidance about external auditors’ responsibilities with regard to illegal acts; and significant upcoming changes to employee benefit plan audits.
Brad E. Muniz, CPA, CFP®, is the director of accounting and auditing at Sobel & Company LLC, CPAs, serving small businesses and individuals in the areas of accounting, auditing, tax and business consulting. He has experience in the areas of financial reporting, tax compliance and planning for closely held businesses, SEC registrants, nonprofit organizations and strategic business planning. Mr. Muniz has significant experience in a variety of industries, including real estate, construction, architectural and engineering, retail, hospitality and manufacturing. Among his activities with the NJSCPA, he has been treasurer of the Board of Trustees, chair of the Finance Committee and on the Education Foundation Board of Trustees. He has served on numerous committees and has presented and participated in many conferences. Mr. Muniz has served as an adjunct professor of accounting at William Paterson University and the College of Saint Elizabeth. He holds a bachelor's in accounting from William Paterson University.