Jody Padar, New Vision CPA Group
A new movement is stirring within the CPA profession, led by a new tech- and social-savvy generation. Last week in a Chicago suburb, we met for a first-of-its-kind un-conference, organized by Jody Padar of New Vision CPA Group and titled I C Opportunities, which stands for Innovation + Collaboration = Opportunities. The meetup was fun, engaging, challenging and inspiring. To learn more, check out some of the notes, videos and compilations posted on social media here, here, here, here and here. Tweet me at @cpa_trendlines with hashtag #iccpa if you’d like to know more.
–– Rick Telberg
CPA Trendlines
Tom Ratcliffe
Also: Goodwill and NFP Fair Value. Listen free to the current podcast here.
by Dr. Tom Ratcliffe, Ph.D, CPA
Plain-English Accounting
Bi-Weekly Report Executive Summary:
- Going Concern Assessments: Alerts + Authoritative Guidance – Given the continuing challenges faced by many reporting entities due to economic conditions, both the AICPA and the IAASB have issued going concern alerts that should be considered by practitioners performing financial statement audits, and it probably is a good time to provide a refresher related to both the accounting and auditing technical literature requirements addressing going concern-related issues.
- Goodwill Impairment Issues: Addressing Some Practical Questions – Now that the new goodwill impairment guidance is in play, some questions have been raised as to how the guidance should be appropriately-considered and, when the optional guidance is utilized, how the guidance should be appropriately-implemented.
- NFP Entity Fair Value Measurements: Some AICPA Guidance – Given that not-for-profit entities frequently need to have fair value measurements and disclosures incorporated in their financial statements, the AICPA has released some guidance that should be helpful in fulfilling the accounting authoritative technical literature requirements.
Listen free to Dr. Tom Ratcliffe’s audio summary
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