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!ResourcesGAAP Chats Episode 7 (Referenced in the episode)Learn from PCAOB Inspection Reports - GAAP Dynamics eBookAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

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:2018 Blog on Going ConcernSEC - Bankruptcy: What happens when public companies go bankrupt?About GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

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. Resources:About GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

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.ResourcesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

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:SEC's Chief Accountant Statement (March 2022)About GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In 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.Resources:Register for our PCAOB Webinar NOW!About GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #14 of GAAP Chats, hosts Chris Brundrett and Bob Laffler provide listeners with insight into the latest developments in IFRS. Resources:Podcast Transcript NotesIFRS Foundation Work PlanRegister for our PCAOB Webinar NOW!About GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In 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. Resources:Podcast Transcript NotesRegister for our PCAOB Webinar NOW!About GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In 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. Resources:Podcast Transcript NotesASC 320 and 321 course collection on the RevolutionRegister for our PCAOB Webinar NOWAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #11 of GAAP Chats, hosts Chris Brundrett and Bob Laffler discuss the recent turmoil in the banking industry, specifically recent issues at Credit Suisse. What’s happening at Switzerland’s second largest 167 year old banking institution?Resources:Podcast Transcript NotesPlug the Flow BlogRegister for our PCAOB Webinar NOWAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #10 of GAAP Chats, hosts Mike Walworth and Bob Laffler 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.Resources:Podcast Transcript NotesCoinbase - What is Staking?GAAP Dynamics Investment Management USG and IFRS UpdatesRegister for our PCAOB Webinar NOWAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #9 of GAAP Chats, hosts Mike Walworth and Chris Brundrett discuss the 150-hour education requirement for CPAs. This comes as states are considering reducing the requirement to address the shortage of accountants entering the profession.Sign up for the Webinar now!Resources:Podcast Transcript NotesRegister for our PCAOB Webinar NOWAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #8 of GAAP Chats, hosts Mike Walworth and Chris Brundrett dig into some recent SEC and PCAOB enforcement actions so, hopefully, other CPAs can learn from others’ mistakes! Specifically, we’ll talk about an SEC enforcement action involving related party transactions and a PCAOB enforcement action involving a myriad of errors on three audit engagements.Resources:SEC Enforcement ReleasesPCAOB Enforcement ActionsPodcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #7 of GAAP Chats, hosts Mike Walworth and Chris Brundrett dig into the PCAOB, the self-proclaimed independent audit watchdog, and reveal insights from their review of the 2021 PCAOB inspection reports for the annually inspected firms.Resources:PCAOB Inspection ReportsPodcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #6 of GAAP Chats, hosts Mike Walworth and Chris Brundrett take on executive pay and the executive compensation provisions within the Dodd-Frank Act, two of which were recently implemented by the SEC.Resources:How your pay Stacks up with the CEO'sPodcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #5 of GAAP Chats, hosts Mike Walworth and Chris Brundrett welcome their first guest - Vicky Hale, Chief Learning Officer of GAAP Dynamics - to talk about current learning and development (L&D) trends for CPA firms.Podcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #4 of GAAP Chats, hosts Mike Walworth and Chris Brundrett explore the meteoric rise (and potentially the spectacular fall?) of Buy Now, Pay Later (BNPL) loans. In this episode we learn more about the buy now, pay later industry, including how it works, who uses it, its key players, and the accounting and regulatory issues facing entities that issue these types of loans.Resources:The Atlantic: The 'Buy Now. Pay Later' Bubble Is About To BursteLearning Course: Credit Losses: Introduction to the CECL ModelPodcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #3 of GAAP Chats, hosts Mike Walworth and Chris Brundrett talk about the spate of recent layoffs, especially in the tech industry, and the related accounting considerations.Resources:Blog: Accounting for restructuring charges under U.S. GAAPAccounting for Restructuring Provisions and Related Termination Benefits (U.S. GAAP)Provisions and Contingencies: IAS 37Podcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In Episode #2 of GAAP Chats, hosts Mike Walworth and Chris Brundrett provide listeners with an explanation of the top 5 issues associated with non-GAAP financial measures, as noted by the SEC in their comment letters to registrants.Resources:SEC: Compliance & Disclosure InterpretationsPodcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com

In our first episode of GAAP Chats, hosts Mike Walworth and Chris Brundrett provide listeners with an overview of non-GAAP financial measures, the number one issue noted by the SEC in their comment letters to registrants.Resources:SEC: Compliance & Disclosure InterpretationsPodcast Transcript NotesAbout GAAP DynamicsGAAP 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 today! Interested in what all GAAP Dynamics has to offer? Check out our website Check us out on:Linkedin YoutubeFacebookAnd email us with any of your own accounting questions, concerns, or horror stories at: support@gaapdynamics.com