Bridge the GAAP is a blog and podcast that presents conversational discussion about topics in accounting and auditing in an attempt to bridge the gap between theory and practice. In this episode we build a bridge that connects the following three topics: the Republican Presidential Debates, Auditing Standard AU-C 530, and the Heisenberg Uncerta ...…

Today the Bridge the GAAP – Accounting Podcast discusses recent volatility in securities markets. We’re going to discuss the topic by building a bridge that connects the dramatic drop in the Dow Jones Industrial Average earlier this past week, Accounting Standard ASC 830, and the Ghost in the Machine. We start off by discussing the dramatic sel ...…

Today the Bridge The GAAP – Accounting Podcast discusses challenges faced by rapidly advancing technology. We discuss the topic by building a bridge that connects a hacker ring in Ukraine, SEC Rule 10b-5, and the hacktivist community called "Anonymous." We start off by discussing a complaint filed by the SEC on August 10, 2015, that charged 32 ...…

Today the topic of our Bridge The GAAP – Accounting Podcast is logical relationships. We’re going to discuss the topic by building a bridge that connects the ideas of Forrest Gump (Tom Hanks), Auditing Standard AU-C 520, and synchronicity. We start off by discussing the Davie-Brown Index, which is a survey conducted by a marketing agency in ord ...…

Today the topic of our Bridge The GAAP – Accounting Podcast is faithful representation. We’re going to discuss the topic by building a bridge that connects the ideas of testing artificial intelligence, Topic 840 of the Accounting Standards Codification, and skyscrapers in Chicago. We start off by discussing Alan Turing's famous "Imitation Game, ...…

Today the topic of our Bridge The GAAP - Accounting Podcast is fair value. We’re going to discuss the concept fair value through the prism of several unusual commdoties in the South Pacific, including spinner dolphins' teeth. By doing so, we will answer shed light on the meaning of fair value and some of the questions raised by its consideratio ...…

Today the topic of our accounting podcast is a little unconventional. We're going to trace the concept of the fraud triangle back into an unusual case study involving a message from another world. By doing so, we will answer the question, What do an alien prophecy, Auditing Standard AU-C 240, and a billion-dollar Ponzi schemer all have in commo ...…

Today the topic of our accounting podcast is Auditing Standard AU-C 320, which discusses Materiality. We’ll answer such questions as, What is materiality? How is it determined? What has to be documented? To provide some context to our conversation, we’ll relate the discussion to AU-C 200, which discusses the overall objectives and conduct of an ...…

Today the topic of our podcast is Auditing Standard AU-C 315, which discusses the requirement that the auditor understand the entity being audited and its internal control and requires that the auditor identify risks at the financial statement level and at the relevant assertion level. We’ll answer such questions as, What should we understand a ...…

Today the topic is Auditing Standard AU-C 300, which discusses Audit Planning. We'll answer such questions as, Who is involved in planning an audit? What are they doing? What has to be documented? Bridge the GAAP is a podcast that presents conversational discussion about topics in accounting and auditing in an attempt to bridge the gap between ...…

This episode presents auditing standard AU-C 200, which discusses the objectives of an audit. The discussion will answer such questions as, What is an audit? What is meant by auditor independence? What is meant by GAAS? Bridge the GAAP is a podcast that presents conversational discussion about accounting and auditing in an attempt to bridge the ...…