Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Posts Tagged ‘FRF-SMEs

Want some free CPE course material? Not for credit, but for learning? Included is some material I wrote.

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Cover of course courtesy of CCH.

Cover of course courtesy of Wolters Kluwer/CCH.

CCH (Wolters Kluwer) makes the material for some of its courses available for no charge.

If you want CPE credit there is a fee for grading the exam and awarding credit. However, if your goal is learning the materials are available gratis.

(Cross-post from my other blog, Nonprofit Update.)

As I write this post, the following materials available:

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Written by Jim Ulvog

February 11, 2016, 7:50 am at 7:50 am

Posted in Audits

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10 most popular posts at CPA-Scribo

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Charles Hall has posted a list of the most popular posts at his blog, CPA-Scribo. I heartily recommend all of the following. Pick a few and dive in. You will learn a lot. I promise. Read the rest of this entry »

Written by Jim Ulvog

February 2, 2015, 8:11 am at 8:11 am

More good stuff for auditors – 11/10

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A few articles of interest to auditors. Uh oh – perhaps IFRS isn’t completely dead. A couple of ideas on social media.

11/6 – Wall Street Journal – New SEC Chief Accountant Weighing Switch to Global Accounting RulesRead the rest of this entry »

Written by Jim Ulvog

November 10, 2014, 9:20 am at 9:20 am

Posted in Accounting, Social media

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6 CPE courses on FRF for SMEs and 1 on PCC arriving soon

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I’ve written another batch of CPE courses for CCH.

Six one-hour modules delve into the Financial Reporting Framework for Small- and Medium-Sized Entities. That’s an entirely new reporting framework separate from GAAP that will allow for simplified reporting by smaller business entities.

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Written by Jim Ulvog

October 8, 2014, 7:28 am at 7:28 am

Posted in Accounting

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FAQs on FRF for SMEs

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At CPA-Scribo, Charles Hall, CPA, covers FRF for SME – The Lowdown.

In a Q&A format, he provides background on the new alternative to GAAP for small, owner-managed, closely held businesses.

Best part of the post is a listing of 16 key points of the new framework. Check out the post for some of the major ideas in FRF-SME.

Here are some highlights of the Q&A: Read the rest of this entry »

Written by Jim Ulvog

August 19, 2013, 8:46 am at 8:46 am

Posted in Accounting

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Where could FRF-SMEs possibly have value? A galaxy far, far removed from the one that swirls around the SEC.

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There is another teeming galaxy beyond that of the publicly traded SEC-supervised companies and their PCAOB inspected auditors.

Professor Tom Selling discusses the bickering between the AICPA and NASBA over FRF-SMEs in his post, The AICPA’s Financial Reporting Framework: How Low Should a Profession Go?  He concluded:

NASBA, in so many words, is telling the AICPA that the FRF is beneath the dignity and responsibilities of the CPA.

I’ve been wanting to talk about the FRF-SME framework and some of the comments floating around.  The post above, and my brief comment there, is the springboard to this:

What is beyond the SEC galaxy?

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Written by Jim Ulvog

July 16, 2013, 9:23 am at 9:23 am

Posted in Accounting, Pondering

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More background on FRF-SMEs, the ‘small GAAP’

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The webinar on the AICPA’s version of “small GAAP” mentioned earlier is rolled into a JofA article: A Quest for Relevance.

Check out the article for a summary of the new rules that can be used for small business accounting that avoid much of the extra complexity of GAAP.

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Written by Jim Ulvog

December 10, 2012, 7:16 am at 7:16 am

Posted in Accounting

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