NASBA Decides to Give CPA Exam Candidates an Extra Year to Pass the Exam BUT…
If you happen to pursuing the internet today and see the exciting headline about NASBA increasing the time you have to pass the CPA exam from 18 months to 30 months, there is a bit of critical information you need that you might miss if you don’t read the article: current exam candidates remain under […]
BDO USA Is Finally Trying to Do Something to Improve Its Horrible Audit Quality
While PCAOB inspection reports are only one indicator of how good or bad a public accounting firm’s audit quality is, it’s still pretty embarrassing when a firm gets a bad report card. Consecutive years of horrible inspection reports (2013 and 2014) is what drove KPMG executives to hatch a scheme to steal confidential audit inspection […]
Twitter’s Latest 10-Q Is a Perfect Example of Why No One Wants New Lease Accounting
We all know Twitter — like a lot of "successful" tech companies — isn't exactly making profits hand over fist despite decent revenue but did you know how bad their lease situation is? Spoiler alert: it's bad. In their latest 10-Q filed with the SEC a few days ago, we find the following: So total […]
Save the Date: PCAOB April Public Meeting on the Auditor’s Reporting Model Proposal
The PCAOB is preparing for its April 2-3 public meeting this week, and while I really wanted an excuse to spend two days in Washington trolling the PCAOB IRL, I decided catching the webcast from the comfort of my Lovesac in my pajamas was a much better decision. The panelists aren't much to write home […]
Here Are a Few New Regulations That May or May Not Affect Your CPA License Come January 1st
A new year is nearly upon us and with it comes not only the promise of a fresh start and possibly shedding a few pounds but — YAY! — new regulations! Here are just a few state-by-state to be aware of. Hopefully you are the type who keeps up on this stuff but if you're […]