This 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 ...
Get Ready for PCAOB Inspections and Peer Reviews – Post-Webinar Q&A
May 02, 2023A post-webinar Q&A document related to our Get Ready for PCAOB Inspections and Peer Reviews webinar we co-presented with ADIGEO Consulting on April 25, 2023. 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 ...
GAAP Chats: Updates from Previous Podcasts
Apr 25, 2023In Episode #13 of GAAP Chats, hosts Mike Walworth and Chris Brundrett provide listeners with an update on topics they talked about in previous pods, as well as the latest developments in U.S. GAAP. Read More ...
GAAP Chats: Investments Held by Banks-Debt Securities
Apr 18, 2023In Episode #12 of GAAP Chats, hosts Mike Walworth and Chris Brundrett discuss the types of investments held by banks and how these investments are accounted for under U.S. GAAP in accordance with ASC 320. Read More ...
“Off with their heads!” Time to Kill the HTM Category under ASC 320
Mar 28, 2023This post makes the argument that banks are gaming the system regarding the accounting for held-to-maturity securities under ASC 320. Read More ...
GAAP Chats: Cracking down on Crypto
Mar 21, 2023In Episode #10 of GAAP Chats, Mike is joined by Bob Laffler to discuss staking, one of the two consensus mechanisms used by cryptocurrencies to verify their transactions, and how the SEC is cracking down on crypto exchanges offering staking-as-a-service to its customers. Read More ...