IFRS has a separate accounting model for investment properties under IAS 40 that differs from other PP&E under IAS 16, but identifying investment properties and applying the guidance may be a challenge in some instances. Read More ...
GAAP Chats: A Penny for Your Thoughts
May 23, 2023Episode #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! Read More ...
Going Old School: The GAAP is Back (in PCAOB Inspection Reports)!
May 16, 2023This blog post discusses the most frequently identified Part I.A deficiencies related to audits of financial statements noted in PCAOB inspection reports. Read More ...
GAAP Chats: Lessons from Donald Trump, Clarence Thomas
May 16, 2023In Episode #15 of GAAP Chats, hosts Mike Walworth and Bob Laffler discuss what lessons CPAs can learn from news stories surrounding Donald Trump and Clarence Thomas. Read More ...
Sale or disposal of a business under IFRS
May 09, 2023IFRS doesn’t have a specific standard for sale or disposal of a business. So how do you account for these transactions? This post covers the guidance. Read More ...
Get Ready for PCAOB Inspections and Peer Reviews – Post-Webinar Q&A
May 02, 2023On April 25, 2023, GAAP Dynamics co-facilitated a webinar, Get Ready for PCAOB Inspections and Peer Reviews, with former PCAOB inspectors Helen Munter and John Fiebig, founders of
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GAAP Chats: Latest Developments in IFRS
May 02, 2023In Episode #14 of GAAP Chats, hosts Chris Brundrett and Bob Laffler provide listeners with insight into the latest developments in IFRS. Read More ...
Priorities for 2023 PCAOB Inspections: 5 Key Takeaways
Apr 25, 2023The PCAOB recently released its Spotlight: Staff Priorities for 2023 Inspections. Here’s our five key takeaways to help improve audit quality. Read More ...