GAAP Chats
GAAP Chats is the brand new podcast by the dynamic duo, Mike and Chris, from GAAP Dynamics. Like all of our accounting training, GAAP Chats is designed to make learning fun and engaging, and to ultimately "change the way you train." We'll dive into the latest CPA hot topics, news, standard updates, and more! New episodes are available throughout the month. Be sure to subscribe so that you never miss an upload!
Episodes
21 episodes
In the News - Lions and Tigers and Deficiency Rates, Oh My!
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 dis...
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Season 1
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Episode 20
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22:59
CPA Hot Topics - Going, Going, Gone! Exploring Going Concern Opinions and Bankruptcies
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 pr...
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Season 1
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Episode 19
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28:05
CPA Hot Topics - Latest Accounting Developments in the Financial Services Industry
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:
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Season 1
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Episode 18
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44:34
CPA Hot Topics - SPACs are Whack (Sorry Shaq)
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, i...
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Season 1
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Episode 17
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39:34
CPAs Gone Bad - A Penny for Your Thoughts (and an SEC Enforcement Action)
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 int...
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Season 1
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Episode 16
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29:41
CPA Hot Topics - What Can CPAs Learn from Donald Trump and Clarence Thomas?
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:
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Season 1
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Episode 15
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30:57
Bilingual CPA - Latest Developments in IFRS
In Episode #14 of GAAP Chats, hosts Chris Brundrett and Bob Laffler provide listeners with insight into the latest developments in IFRS. Resources:
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Season 1
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Episode 14
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39:20
Hot off the Presses - Updates from Previous Podcasts and Latest Developments in U.S. GAAP
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:
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Season 1
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Episode 13
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35:50
CPA Hot Topics - Investments Held by Banks: Accounting for Debt Securities (ASC 320)
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:
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Season 1
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Episode 12
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30:18
In the News - What’s Happening at Credit Suisse?
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 instituti...
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Season 1
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Episode 11
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28:43
In the News - SEC Summons the Kraken for its Crypto Staking Services
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-...
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Season 1
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Episode 10
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27:32
In the News - 150-hour Education Requirement for CPAs
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 professi...
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Season 1
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Episode 9
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36:54
CPAs Gone Bad - Discussion of Recent SEC and PCAOB Enforcement Actions
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 invo...
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Season 1
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Episode 8
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25:41
In the News - Insights from the 2021 PCAOB Inspection Reports
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...
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Season 1
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Episode 7
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22:27
In the News - Mo Money. Mo Problems. SEC Rules on Executive Pay
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:
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Season 1
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Episode 6
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25:02
CPA Hot Topics - Current L&D Trends for CPA Firms
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.
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Season 1
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Episode 5
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35:51
In the News - The 411 on Buy Now, Pay Later (BNPL) Loans
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, incl...
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Season 1
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Episode 4
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36:58
In the News - Accounting Considerations for Layoffs
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:
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Season 1
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Episode 3
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29:16
CPA Hot Topics - Top 5 Issues with Non-GAAP Financial Measures Explained
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.Resou...
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Season 1
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Episode 2
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21:29
CPA Hot Topics - Overview of Non-GAAP Financial Measures
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:<...
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Season 1
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Episode 1
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21:42