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• 
  @susanneocallaghan7506Күн бұрын

  Thank you, Charles. I love your videos!

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  @NagyShalaby-er3mtКүн бұрын

  Thank you sir ❤

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  @kimsadowski40586 күн бұрын

  Hi Charles. Do you have an example set of financials for this video that you could also talk about, as if these leases were all the company had on the books? I would like to see where they are in the Chart of Accounts, best case scenario, and I am sure order matters on the Balance Sheet. Yes, I do ask for the moon! Kindest, Kim

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  @CPAHallTalk5 күн бұрын

  Kim, I’m sorry, but I don’t. I made up these numbers without reference to a particular entity. The chart of accounts for finance and operating leases would include: (1) ROU asset, (2) ROU short term liability, (2) ROU long term liability, (3) interest expense, (4) ROU amortization, and (5) lease expense, (6) ROU accumulated amortization.

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  @kimsadowski40585 күн бұрын

  @@CPAHallTalk Thank you, Charles, for the lightning-fast detail!!!

• 
  @samuellatimer18307 күн бұрын

  Great video, Charles! As usual!! 😀

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  @CPAHallTalk7 күн бұрын

  Thanks, Sam!

• 
  @ryanmxntana12 күн бұрын

  Hey Charles how would i get in contact with you for a video inquiry

• 
  @ModelcarNick22 күн бұрын

  Very helpful, thanks!

• 
  @cj1325Ай бұрын

  Great work Charles!!!

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  @CPAHallTalk29 күн бұрын

  Thanks much. Looking forward to having this in people's hands.

• 
  @lktherd1Ай бұрын

  Thanks Charles. This will be so helpful to me and my clients ! God Bless !

• 
  @CPAHallTalkАй бұрын

  Thanks much. I appreciate your support!

• 
  @uhhcountingАй бұрын

  I wish I found your content earlier in my career, Sir. A similar thing happened to me: I was a staff 1 at a top 50 firm and the manager voluntold me to do inventory observation and just told me to read the audit program (I suspect the manager had no idea how to perform an inventory observation). I got pretty good at it because they kept assigning me to other inventory observations. This is not a good staff retention strategy.

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  @CPAHallTalkАй бұрын

  Sorry to hear you had a similar experience. Sadly, it’s common. Thanks for sharing your story.

• 
  @inder1049Ай бұрын

  Thank you Sir, it was well explained

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  @CPAHallTalkАй бұрын

  You are welcome.

• 
  @RJG253Ай бұрын

  Thank you so much for this.

• 
  @CPAHallTalkАй бұрын

  You are so welcome!

• 
  @DaRosaTaxandBusinessServicesАй бұрын

  Videos are great….Most courses on risk assessment are not understandable yet you make it easy to learn

• 
  @CPAHallTalkАй бұрын

  Glad you like them!

• 
  @ExcelHumor112Ай бұрын

  Thank you! Very informative

• 
  @CPAHallTalkАй бұрын

  You're welcome!

• 
  @orobleh77Ай бұрын

  Well and easily explained on Inherent risk

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  @CPAHallTalkАй бұрын

  Glad you found it helpful.

• 
  @chandhanas5042 ай бұрын

  This really helps and kudos for the real-life examples! Thank you!

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  @CPAHallTalkАй бұрын

  You're very welcome!

• 
  @juanbautistarueda582 ай бұрын

  excellent video, thank you for sharing your experience and advice!

• 
  @CPAHallTalkАй бұрын

  Glad you enjoyed it!

• 
  @JackieZhang-qi9fh2 ай бұрын

  Thank you for sharing your wisdom and experience in this video. I always thought that other people can make it to partner much easier than me and that can be depressing some times. Knowing that a great talent like you had to go through the hardship to get to where you are now gives me the hope that I am getting close to where I want to be and it is matter of time as long as I stick to my passion and don't give up. I love public accounting and enjoy the learning and feeling great when we finish the engagements and make happy clients. I enjoy watching your videos and reading your posts and even purchased the books you wrote. The way you explain accounting and auditing makes much more sense to me. Looking forward to more of your postings. God bless!

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  @CPAHallTalkАй бұрын

  Glad to do so, Jackie. Thanks.

• 
  @bibistella34362 ай бұрын

  Thank you @CPA HALL TALK

• 
  @CPAHallTalkАй бұрын

  Hope you are doing well, Bibi.

• 
  @marvelouss7192 ай бұрын

  Watching in Texas. What do you think is the most effective way to study audit to pass the CPA exam?

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  @CPAHallTalkАй бұрын

  Study and then try to recall by writing down what you are learning without looking at your study guide. Or discuss what you are learning with someone else, preferably someone studying for the exam.

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  @marvelouss719Ай бұрын

  @@CPAHallTalk Thank you so much. I have been studying auditing, including MCQs since 1pm, with very few breaks--9:35 pm Houston's time. A lot of information to retain.

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  @mcrijus16412 ай бұрын

  Thanks 👍

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  @neilcrawford37803 ай бұрын

  When the accrual is automatically reversed..does it leave a credit balance (neg) in FY22 expense account and that’s why it cancels out?

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  @JJ-rp2df3 ай бұрын

  Excellent thanks

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  @CPAHallTalkАй бұрын

  You are welcome

• 
  @shatzE33 ай бұрын

  as somoene who has been out of audit for a year - and is going back into it - Your videos are very useful in re-jogging all the memories and allowing me to prepare better for my next set of interviews.

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  @CPAHallTalkАй бұрын

  Great to hear!

• 
  @accountant1103 ай бұрын

  Hi Charles, I am a younger CPA in public audit that would eventually like to branch out with my own firm. Do you find small Audit firms to be profitable given the high amount of regulation and peer review required as opposed to a bookkeeping/Virtual CFO type, or even tax firm? Would like to know your thoughts on which is the better route to create a profitable business out of based on how you found success. Thanks!

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  @CPAHallTalkАй бұрын

  Small firms (like those with three or four people) generally are not as profitable as larger firms (say over 25 people). But either way, I think you can make a good living. Best wishes.

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  @shriidharkhaanapurkar27683 ай бұрын

  Do you play guitar? 🎸

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  @CPAHallTalkАй бұрын

  Yes, but not very well. :)

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  @sleep6304 ай бұрын

  Great info Charles!

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  @CPAHallTalkАй бұрын

  Thanks.

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  @ManOfEarthAndNature4 ай бұрын

  Man I love your videos. First thing you are a southerner which, being one, it just makes me feel connected. I realize that is ridiculous but it is true. Second you give so much intimate knowledge. Farhat is great for basics, and CPA (as are you) but the insight into information most people won't tell you can always be found in these talks. Honestly I wish there was more. Thanks man. Joining Big 4 in a few months and pretty freaking nervous.

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  @CPAHallTalk2 ай бұрын

  Thanks. I hope your new job goes well.

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  @user-jc7xm2xj5c4 ай бұрын

  Thank you for this information

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  @CPAHallTalkАй бұрын

  My pleasure

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  @akleshgoit66055 ай бұрын

  Hello! Thank you so much for uploading videos on audit topics.

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  @MrHansBattle5 ай бұрын

  Great explanation, thank you!

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  @CPAHallTalkАй бұрын

  Thanks.

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  @juliusiha44095 ай бұрын

  Very useful. Thank you.

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  @CPAHallTalkАй бұрын

  Thanks.

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  @Karl-wm7lt6 ай бұрын

  So substantive analytics have to have a predictive element to them?

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  @CPAHallTalkАй бұрын

  You need to establish your expectations before creating your analytics. I’m not sure I’d call it predictive, but you do need to have expectation before creating the analytics. That way, if the numbers don’t line up with your expectation, you’ll know something might not be right.

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  @mohammedajaha12476 ай бұрын

  Amazing conent thank you !

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  @CPAHallTalkАй бұрын

  Thanks, Mohammed.

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  @brandonbadeaux24846 ай бұрын

  This information is priceless, thank you! Would you recommend changing firms every couple of years to increase your salary? I’ve this is a good tactic. Is it worth it if you like your firm?

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  @CPAHallTalkАй бұрын

  I would change firms only if I don’t see a good future or if I’m not enjoying the culture. I generally would not change just to make more money. Making more money and not being happy is a bad combination.

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  @Corgidad22226 ай бұрын

  Great video.

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  @CPAHallTalkАй бұрын

  Thanks!

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  @Freesoul726 ай бұрын

  I started to learn accounting when I was turning to 50 years old two year ago in Finland in Finnish. All basic things. Thanks you for the terms in English I am learning here.

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  @relaxingnature72856 ай бұрын

  isa-advice-on-audit.blogspot.com/2023/01/materiality-in-planning-and-performing.html

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  @mdshamimulhasan83136 ай бұрын

  Dear Sir, Thank you for your lectures. I learned from this video how to assess inherent risks in auditing procedures. You have really made it easy for me to understand.

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  @CPAHallTalkАй бұрын

  Glad to hear.

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  @paatachubinidze92086 ай бұрын

  Is it possible to generate flowcharts in accordance provided information about factual processes ?

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  @CPAHallTalkАй бұрын

  Yes, it is.

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  @GnarshredProductions6 ай бұрын

  when you are talking about planning materiality being the financial statements as a whole what exactly do you mean? For example if overal materiality was $100,000 and total assets were overstated by $150,000 that would be materially mistated? What If both revenue and expenses were overstated by amounts over planning materiality but it didnt cause net income to be mistated by more than overall materiality? Or if both assets and liabilities were overstated by the same amount the net effect on owners equity would be nothing then would the financials still be considered materially mistated?

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  @jnkvngz29658 ай бұрын

  i appreciate your videos! kudos!

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  @CPAHallTalk7 ай бұрын

  Glad you like them!

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  @kamsam348 ай бұрын

  This is so incredibly helpful. Thank you for breaking it down.

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  @CPAHallTalk7 ай бұрын

  Glad it was helpful!

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  @faiqmarhoon96698 ай бұрын

  I am a fresh staff auditor and audited UL search a couple of times but never understood the logic behind it. There is NO word I can find to express my sincere gratitude for this great insightful video. I highly appreciated. Meanwhile, I have a question, the invoice date is not usually the date the service is provided; so, can we use the invoice date to decide whether the payable belongs to CY or subsequent year? Thank you.

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  @CPAHallTalk7 ай бұрын

  Technically, the liability is generated when the service is provided or the goods are received. Even so, many auditors use the invoice date.

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  @tiplow18 ай бұрын

  That was really well laid out and structured. Thank you so much

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  @CPAHallTalk7 ай бұрын

  Glad you enjoyed it!

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  @davidhowell5328 ай бұрын

  I truly appreciate your work. I was looking for relevant assertions over cash and your channel was the first place I looked. You did not disappoint. 😁

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  @CPAHallTalk7 ай бұрын

  Thank you, David! Glad this helped.

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  @davidhowell5328 ай бұрын

  Charles. What are the column heading in the preliminary analytical review spreadsheet that appears in your video?

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  @garyrosencpa8 ай бұрын

  Yes, I agree. When I went through school in 2008, the faculty at my school understood the need for students to have a solid grounding in the basics. And so they taught us that way. It was a big assignment where we had to manually perform the entire accounting cycle from beginning to end with paper and pencil for a fictitious company using journal entries. We had this assignment at the end of the intro to financial accounting class and then again repeated it at the beginning of the intermediate level financial accounting class. It stretched over both semesters. Once you have this solid understanding of debits and credits and which accounts they increase and which ones they decrease and how it all fits together to create the financial statements, you can pretty much take your career in any direction you want and learn any other type of accounting or software you want.

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  @CPAHallTalk8 ай бұрын

  Perfect, Gary. This is exactly what is needed. Few colleges do this. Thanks for sharing.

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  @davidhowell5328 ай бұрын

  So true! My embarrassing moment was when I realized I didn’t know how to use an adding machine. 😂

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  @CPAHallTalk8 ай бұрын

  That’s funny, David. But who would think to teach a college student how to use one?

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  @SteveAoudou8 ай бұрын

  Thank you so much for these videos

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  @CPAHallTalk7 ай бұрын

  You are so welcome!