79: A&A Update with Brad Muniz – 8/24/21

The latest 10-minute accounting and auditing episode includes updates on Financial Accounting Standards Board (FASB) and American Institute of CPAs (AICPA) issues, including:

• FASB approved the Private Company Council’s Practical Expedient to Measure Grant-Date Fair Value of Equity-Classified Share-Based Awards
• What CPA firms need to know about the AICPA proposed Statement on Quality Control Standards
• AICPA issued a technical question and answer on the Shuttered Venue Operators Grant and Restaurant Revitalization Fund Grant accounting by recipient
• Bitcoin basics for nonprofits: Accepting and valuing crypto asset gifts