Forbes Launches Westminster Dog Show But for CPAs

Posted on by Going Concern News Desk
incredible Afghan dog wearing a green eyeshade. The dog is an accountant on the side.

Who will take home Best in Show? I mean Best in State? It remains to be seen.

Forbes is now accepting nominations for its first Best-in-State CPAs list (not to be confused with America’s Top 200 CPAs) which, according to them, is “a recognition designed to highlight this year’s the most exceptional, practicing CPAs throughout America—the elite of the accounting profession.”

“Our aim is to identify the CPAs who have earned the respect of their peers and have demonstrated remarkable expertise in their specializations,” wrote designated accounting correspondent Steel Rose, CPA in the list’s announcement. “We are particularly interested in CPAs who have made their mark by dedicating themselves to serving the public interest.”

Anyone who personally knows — or is aware of — a CPA worthy of the list has until June 30 to nominate them for 2024 Best in State (Forbes can’t decide if they want to hyphenate this or not so we can’t either). Apparently you can nominate yourself as well though we suspect there won’t be too many of those given most accountants’ tendency toward modesty over showboating.

The form is simple:

By the end of the form they don’t even bother pretending anyone but the individual nominating themselves will be filling this out. So maybe there will be more of those than we initially thought.

Have at it, showboaters.

Forbes Seeks Nominations for its Inaugural “Best in State CPAs 2024” Recognition [Forbes]

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We’ve More or Less Got Converged Fair Value Accounting Standards

As CFO notes, “[T]he largest differences may lie in the differences between British and American English,” but these are the ones you’ve been waiting for.

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today issued new guidance on fair value measurement and disclosure requirements for International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP).

The guidance, set out in IFRS 13 Fair Value Measurement and an update to Topic 820 in the FASB’s Accounting Standards Codification® (formerly referred to as SFAS 157), completes a major project of the boards’ joint work to improve IFRSs and US GAAP and to bring about their convergence.

The harmonisation of fair value measurement and disclosure requirements internationally also forms an important element of the boards’ response to the global financial crisis.

Of course what’s most important is that wily Scotsman and knight of the double-entry roundtable Sir David Tweedie will be able to call it a career knowing that he saw this thing through. He sounds pretty pleased with the effort saying, “The finalisation of this project marks the completion of a major convergence project and is a fundamentally important element of our joint response to the global financial crisis. The result is clearer and more consistent guidance on measuring fair value, where its use is already required.” Hans, you can take it from here.

2 thoughts on “Forbes Launches Westminster Dog Show But for CPAs”

  1. First, the dog is wearing a green eyeshade — absolutely brilliant! Second, these awards could devolve into a popularity contest. There could be a lot of behind-the-scenes lobbying, assuming accountants actually give a rat’s ass about such glittering prizes.

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