We’ve just launched our audit eLearning library! Reduce audit deficiencies and improve audit quality with audit training by GAAP Dynamics. Read More ...
What’s New?: IFRS Updates for 2023
Jun 27, 2023What has been going on in the IFRS world recently? Our 2023 IFRS Updates will tell you everything you need to know. Read More ...
Industry Baby: Industry-specific accounting and why it matters
Jun 20, 2023Why do industries need special accounting? And where do you find it? Let’s explore what U.S. GAAP has to say! Read More ...
Stand-Back: The New Assessment Requirement under SAS 145
Jun 06, 2023SAS 145 requires auditors to “stand-back” and assess material transactions, accounts, and disclosures that haven’t been deemed as significant. Read More ...
Investment properties under IAS 40: A sensible approach under IFRS
May 23, 2023IFRS 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 ...