About

CPA Hall Talk — A Blog for You?

 

If you are asking any of the questions below, you’re in the right place.

  • How can I find accounting and auditing information that is practical and not just theory?
  • Where can I find accounting and auditing information that is designed for small- to medium-sized accounting firms?
  • Is there a blog that provides technology tips for CPAs (those that enable me to get my work done on time)?
  • How can I become more efficient?

Have you noticed the pace of change in our industry? It seems FASB or GASB issues a new standard every two weeks. Then there are additions to audit and attestation standards, compilation and review guidance, and the Code of Conduct. And this is just the change in professional standards.

Then technology rears it’s pretty head: block chain, artificial intelligence, data analytics, new audit software. It feels like they are all pressing in upon us.

I think I hear Mr. Rogers asking, “Can you say ‘suffocation’?”

Oh, and you’ve got to keep up with the changes while you bill and collect fees, handle personnel issues, and market your firm. 

It’s daunting. If you’re like me, you sometimes want to hide in a hole. (Can I get a witness?)

In the midst of this storm, I am here for you, to encourage you and to inform you. I’m know I’m just one guy, but my heart’s desire is to help as many of you as I can.

Sample Posts

Here are sample posts from CPA Hall Talk:

CPA Hall Talk’s Mission

Mission: Enable CPAs to get their accounting and auditing work done timely and accurately.

Who is Charles Hall?

I am blogging from the perspective of a CPA who has been in public accounting since 1985. I previously owned my own firm (for six years), but, for the most part, I have worked for CPA firms in the range of 25 to 125 people.

I am the quality control partner for McNair, McLemore, Middlebrooks & Co., LLC where I provide technical support to approximately 100 professionals, most of whom are CPAs.

I have taught CPE classes since 1990 and do my best to make the complicated simple. I have spoken at conferences for the Georgia Society of CPAs, the Institute of Internal Auditors, the Georgia Government Finance Officers Association, the County Officials Association of Tennessee, the Carl Vinson Institute of Government, and the American Institute of Certified Public Accountants. I also provide continuing education classes to CPA firms.

I provide practice management consulting services to CPA firms.

Additionally, I perform internal inspections and peer reviews for other CPA firms.

In the past, I served as a member of the Georgia Society of CPAs’ Peer Review Committee and as chairman of the Governmental Accounting and Auditing Committee.

Since 2004, I have been a member of the Association of Certified Fraud Examiners. The fraud cases I have worked on range from a few thousand to two million. I am a consultant with the Carl Vinson Institute of Government at the University of Georgia and have written course material for the Institute.

I am the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. Also, I am a contributing author for PPC’s Guide to Cash, Tax, and Other Bases of Accounting and PPC’s Guide to Audits of Local Governments.

Contact Information

McNair, McLemore, Middlebrooks & Co., LLC

389 Mulberry Street
Macon, Georgia 31201
United States (US)
Phone: 478-746-6277
Email: chall@mmmcpa.com

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Legal Disclaimer

The information herein is provided to assist you. There is no guarantee that all information is correct. The user assumes all risks related to use of the material in this blog. Users should perform their own research to reach conclusions about all matters. The views in this blog do not necessarily represent those of McNair, McLemore, Middlebrooks, LLC.

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(6) comments

Robb July 9, 2015

Mr. Charles:

I love your blog. It is always relevant. I wanted to see what your opinion was of proper way to format the equity section of LLC OCBOA statements when entity election was Corporation? We have generally used a partnership style equity section but I became concerned as I prepare for peer review on my ocboa compilations.

Thanks for any input!

Reply
Charles Hall July 10, 2015

Robb, yes the LLC’s equity is presented like a partnership’s. I am not a tax guy at all, but you want to disclose the LLC equity using the categories in the tax return. GAAP calls for disclosure of the various types of LLC interest (if owners have different rights and privileges). GAAP also calls for the disclosure of the components of equity (e.g., undistributed earnings)–either on the face of the statements or in a note. Tax-basis statements should provide disclosures similar to those in GAAP. The LLC equity section starts with the title “Members equity.”

Reply
Robb Hurst November 5, 2015

Charles,

Love the new book. Very simple and gets right to the meat of the SSARS 21 issues. We have been doing tax basis financials for our monthly bookkeeping clients. Question has arisen with client that wants to show his accounts receivable and accounts payable on the financials. Technically he is on cash basis for tax return reporting so I am thinking we can no longer issue “tax basis” financials; however we are definitely not issuing GAAP basis.

Hoping you have seen this issue and can help with presentation.
Thanks for your hard work!

Robb Hurst

Reply
Charles Hall November 5, 2015

Robb, thanks for purchasing my book and I am glad you are finding it useful.

Interesting question. It is permissible to use a modified cash basis of accounting. If this basis is used, you may want to provide a selected note disclosure explaining the details of the modified cash basis (accruing receivables and payables). If the cash basis is used for your tax return, then the change to a modified cash basis should be easy.

Reply
trey barber July 27, 2017

Enjoy the site. Very insightful for newcomer to the field. I’m studying for CPA exam and was wondering if you had any input on certain classes, websites or if you had any material that would be useful. thanks, trey

Reply
Charles Hall July 27, 2017

Trey, I would definitely take a prep course. Something I did not do myself, but wish I had before I took the exam the first time. I’d use Becker.

Reply
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