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 Assets
• FASB Seeks Input on Proposal to Improve Segment Reporting
• Using Benford’s Law to reveal journal entry irregularities
• SEC Adopts Rule Amendments to Modernize How Broker-Dealers Preserve Electronic Records and Enhance the Electronic Recordkeeping Requirements for Security-Based Swap Entities
• NJCPA Accounting & Auditing Knowledge Hub
• Join the NJCPA Accounting & Auditing Standards Interest Group