Uniform Accounting as a Solution to Earnings Quality Erosion: The 2017 “State of the CPA Profession” Report and Seminar

The deterioration of earnings quality and the rise of Uniform Accounting (UAFRS) is a “Hot Topic” focus in the 2017 Annual Accounting and Auditing Clinic (TM) and State of the CPA Profession Report

CAMBRIDGE, MA / ACCESSWIRE / September 28, 2017 / The recently released Accounting and Auditing Clinic’s annual update on current developments in accounting and auditing was delivered by Ralph Nach, CPA, a renowned global expert in financial reporting. Nach is a former author (2001-2010) of the popular Wiley GAAP Guide, which has been used by many practitioners to assist in the practical application of complex accounting rules. In addition, Nach is a principal in Epstein + Nach LLC with Dr. Barry J. Epstein, also a former author of the Wiley GAAP and IFRS Guides.

As Nach commented in the update, “The proliferation of new, complex accounting standards, without a full rethinking of legacy standards, has contributed to a deterioration of earnings quality and increasing lack of financial statement comparability. Many thought leaders in the accounting profession concede that inherent inconsistencies in current accounting standards are distorting as-reported financial statement analysis.”

Nach continued, “Uniform Accounting provides a needed solution by removing many of the inconsistent financial reporting policies. It creates a ‘level playing field’ providing a far clearer view of the financial activity of a firm for investors, creditors, and other users of the financial statements.”

To learn more about Uniform Adjusted Financial Reporting Standards (UAFRS), and how it can help a company’s bottom line, please visit https://www.uniformaccounting.com.

Nach’s course provides in-depth, hands-on coverage of recent developments in accounting, auditing, and financial reporting. Strong emphasis is placed on the practical application of selected newly issued and/or effective authoritative pronouncements that affect practitioners who perform or supervise compilation, review, and/or audit engagements.

The State of the CPA Profession report is a key element of this annual accounting and auditing updates and clinics.

About Mr. Ralph Nach, CPA:

Mr. Ralph Nach, CPA, is the author, instructional designer, and facilitator of the popular annual Accounting and Auditing Clinic (TM) continuing professional education program. He is a member of the UAFRS Advisory Council for Uniform Accounting. He has served as author, co-author, contributing author, or technical editor of a number of widely-utilized technical reference works, including PPC’s Interactive Disclosure Library, PPC/Thomson Reuters, 2011; PPC’s Guide to Preparing Financial Statements, PPC/Thomson Reuters, 2010; Wiley GAAP (2001–2010), John Wiley & Sons; and The Handbook of Accounting and Auditing, Warren, Gorham & Lamont, 1999. He is also an investor in Valens Research, a firm spearheading Uniform Accounting. To learn more about Valens Research, please visit http://www.valens-research.com/.

About UAFRS, Uniform Adjusted Financial Reporting Standards:

UAFRS, Uniform Adjusted Financial Reporting Standards, also known as Uniform Accounting and Uniform Financial Reporting, represent an alternative set of standards for reviewing and analyzing financial statements aimed at creating more reliable and more comparable reports of corporate financial activity. UAFRS identifies more than 130 inconsistencies within GAAP and IFRS financial reporting that cause earnings, the balance sheet, and key financial metrics to be terribly distorted across peers and from year to year within single companies. UAFRS calls for repairing these distortions by adjusting the financials to adhere to one consistent set of accounting standards. This results in comparable and trend-analyzable Uniform EPS, Uniform Earnings, Uniform Assets, and other important metrics of corporate financial activity.

Media Inquiries:

For more information, please contact Kyle Yu at kyle.yu@valens-research.com

Valens Research
110 Cambridge Street
Cambridge, MA 02142
Tel. No.: +1 646-491-2601

Contact:

Kyle Yu
kyle.yu@valens-research.com
+1 646 491 2601

SOURCE: Valens Research

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