Get an update on FASB’s first ASU for 2022, which covers derivatives and hedging. Other topics include the AICPA’s recent exposure draft on audits of group financial statements and new ethics guidance for CPAs. 

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Additional resources:

• FASB ASU 2022-01, Derivatives and Hedging
• FASB EITF 21-A, Accounting for Investments in Tax Credit Structure Using Proportional Amortization Method
• Article: Lease accounting urgency ramps up for not-for-profits
• AICPA Exposure Draft on Audits of Group Financial Statements
• PEEC issues wide range of ethics guidance for CPAs
• Join the NJCPA Accounting & Auditing Standards and/or Cannabis interest groups