CPA Hot Topics - Going, Going, Gone! Exploring Going Concern Opinions and Bankruptcies

In the News - Lions and Tigers and Deficiency Rates, Oh My!

It’s our last episode of GAAP Chats for Season 1! In this episode we look back at some of the stories we covered this season to give you an update of recent events, including looking at a recently issued PCAOB inspection report of a firm we discussed in a previous episode. We also look ahead to Season 2! Resources GAAP Chats Episode 7 (Referenced in the episode) [https://gaapchats.buzzsprout.com/2092392/12290846-in-the-news-insights-from-the-2021-pcaob-inspection-reports] Learn from PCAOB Inspection Reports - GAAP Dynamics eBook [https://info.gaapdynamics.com/pcaob-ebook] About GAAP Dynamics GAAP Dynamics is a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Whether it's online, in the classroom, or via webinar, we create high-quality training that we would want to take. Stay informed and subscribe to our blog. Become a GAAPologist [https://www.gaapdynamics.com/subscribe-to-our-blog/] today! Interested in what all GAAP Dynamics has to offer? Check out our website [https://www.gaapdynamics.com/] Check us out on: Linkedin [https://www.linkedin.com/company/gaap-dynamics] Youtube [https://www.youtube.com/channel/UCnW4ySMRT_Tyr9-481UyoaA] Facebook [https://www.facebook.com/gaapdynamics/] And email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com [support@gaapdynamics.com]

CPA Hot Topics - Going, Going, Gone! Exploring Going Concern Opinions and Bankruptcies

A recent headline in Reuters noted “U.S. corporate bankruptcies at highest level since 2010.” In Episode 19 we’ll dive into the data, but, more importantly, we’ll test our hypothesis that, in our opinion, management (and their auditors) do a pretty crappy job of prognosticating future bankruptcies with going concern disclosures and opinions.  Resources: SEC - Bankruptcy: What happens when public companies go bankrupt? [https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupt] About GAAP Dynamics GAAP Dynamics is a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Whether it's online, in the classroom, or via webinar, we create high-quality training that we would want to take. Stay informed and subscribe to our blog. Become a GAAPologist [https://www.gaapdynamics.com/subscribe-to-our-blog/] today! Interested in what all GAAP Dynamics has to offer? Check out our website [https://www.gaapdynamics.com/] Check us out on: Linkedin [https://www.linkedin.com/company/gaap-dynamics] Youtube [https://www.youtube.com/channel/UCnW4ySMRT_Tyr9-481UyoaA] Facebook [https://www.facebook.com/gaapdynamics/] And email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com [support@gaapdynamics.com]

CPA Hot Topics - Latest Accounting Developments in the Financial Services Industry

In Episode #18 of GAAP Chats, hosts Chris Brundrett and Bob Laffler provide listeners with insight into the latest developments in U.S. GAAP and IFRS for the financial services industry. About GAAP Dynamics GAAP Dynamics is a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Whether it's online, in the classroom, or via webinar, we create high-quality training that we would want to take. Stay informed and subscribe to our blog. Become a GAAPologist [https://www.gaapdynamics.com/subscribe-to-our-blog/] today! Interested in what all GAAP Dynamics has to offer? Check out our website [https://www.gaapdynamics.com/] Check us out on: Linkedin [https://www.linkedin.com/company/gaap-dynamics] Youtube [https://www.youtube.com/channel/UCnW4ySMRT_Tyr9-481UyoaA] Facebook [https://www.facebook.com/gaapdynamics/] And email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com [support@gaapdynamics.com]

CPA Hot Topics - SPACs are Whack (Sorry Shaq)

It’s all about SPACs in Episode #17 of GAAP Chats. Once the golden child of Wall Street and celebrities (even Shaq had a SPAC!), they’ve now become persona non grata. Buy why? Join host Mike Walworth and Chris Brundrett as they discuss SPACs, including the reasons behind their meteoric rise and subsequent fall from grace. About GAAP Dynamics GAAP Dynamics is a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Whether it's online, in the classroom, or via webinar, we create high-quality training that we would want to take. Stay informed and subscribe to our blog. Become a GAAPologist [https://www.gaapdynamics.com/subscribe-to-our-blog/] today! Interested in what all GAAP Dynamics has to offer? Check out our website [https://www.gaapdynamics.com/] Check us out on: Linkedin [https://www.linkedin.com/company/gaap-dynamics] Youtube [https://www.youtube.com/channel/UCnW4ySMRT_Tyr9-481UyoaA] Facebook [https://www.facebook.com/gaapdynamics/] And email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com [support@gaapdynamics.com]

CPAs Gone Bad - A Penny for Your Thoughts (and an SEC Enforcement Action)

Episode #16 of GAAP Chats is all about earnings management, and the games companies play to “smooth” earnings. Join hosts Mike Walworth and Bob Laffler as they discuss this topic and how these games, even if they aren’t illegal, can get you into trouble with the SEC! Resources: Podcast Transcript Notes [https://www.gaapdynamics.com/gaap-chats-a-penny-for-your-thoughts/] SEC's Chief Accountant Statement (March 2022) [https://www.sec.gov/news/statement/munter-statement-assessing-materiality-030922] About GAAP Dynamics GAAP Dynamics is a training firm that provides tailored and engaging learning solutions to companies and accounting firms worldwide. Whether it's online, in the classroom, or via webinar, we create high-quality training that we would want to take. Stay informed and subscribe to our blog. Become a GAAPologist [https://www.gaapdynamics.com/subscribe-to-our-blog/] today! Interested in what all GAAP Dynamics has to offer? Check out our website [https://www.gaapdynamics.com/] Check us out on: Linkedin [https://www.linkedin.com/company/gaap-dynamics] Youtube [https://www.youtube.com/channel/UCnW4ySMRT_Tyr9-481UyoaA] Facebook [https://www.facebook.com/gaapdynamics/] And email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com [support@gaapdynamics.com]