Mike Walworth, CPA

Unlock the Puzzle of Accounting for Foreign Currency (ASC 830)

Feb 07, 2025

This post provides an overview of the accounting for foreign currency in accordance with U.S. GAAP (ASC 830).

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To Kill an Accounting Firm – The Trial of BF Borgers

Jun 12, 2024

Did BF Borgers deserve to die? Or was the firm like Tom Robinson, the fictional character defended by Atticus Finch in To Kill a Mockingbird, who was wrongly accused and sentenced to death, a sacrificial lamb in an industry where 4 out of 10 public company audits are deficient?

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5 changes from GAAP Dynamics in 2024

5 Changes for GAAP Dynamics in 2024

Mar 27, 2024

After undergoing a strategic communications and marketing plan, we set our sights on five changes we are making in 2024.

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5 Key Takeaways from 2022 PCAOB Inspection Reports

Mar 06, 2024

Explore 2022 PCAOB inspection reports takeaways, including audit deficiency trends and firm performance analysis.

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Performing a Quality Audit: PCAOB Spotlight

Feb 21, 2024

Discover insights from the PCAOB's latest Spotlight documents on performing a quality audit and 2024 inspection priorities.

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A groundhog realizing SAS 145 is here

Top 5 Considerations for SAS 145

Jan 24, 2024

SAS 145 is now effective, are you ready? This post lists the top 5 considerations to ensure audit firms comply with the new guidance!

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Takeaways from the 2023 AICPA & CIMA Conference (Part 2)

Dec 20, 2023

Our key takeaways from the 2023 AICPA & CIMA Conference, specifically focusing on auditing issues and the auditing profession.

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Takeaways from the 2023 AICPA & CIMA Conference (Part 1)

Dec 13, 2023

Our key takeaways from the recent AICPA & CIMA Conference, specifically focusing on segment reporting and the statement of cash flows.

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Online U.S. GAAP Subscription – Price Drop!

Oct 11, 2023

In the interest of saving you time, we’ll cut to the chase! We’ve lowered the price for our online U.S. GAAP eLearning library subscription!

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Analysis of the ACL under ASC 326: Is Another Banking Crisis Looming?

Oct 04, 2023

This blog, powered by Intelligize®, analyzed the allowance for credit losses (ACL) calculated by banks under ASC 326 to determine if another banking crisis is looming.

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