Podcast overview
In this podcast, specialists from our Department of Professional Practice discuss FAQs from our recent webcast, and some practical trends and observations.
Applicability
- All entities
Relevant dates
- Effective immediately
Podcast contents
- 01:20 – Key considerations for accounting changes
- 02:35 – Change in accounting estimate that is inseparable from a change in accounting principle
- 04:10 – Trends in accounting changes and preferability letters
- 05:50 – Impracticability
- 07:30 – Error corrections
- 08:40 – Big R vs little r restatement
- 09:30 – Evaluating materiality of an error
- 11:55 – Restatement trends
- 12:45 – ICFR implications