In this episode, Brad and Frank discuss the ins and outs of personal financial statements: methods of presentation, estimated current value, investment in a closely held business, real estate, compilations and more.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Download Frank’s notes
• FASB ASC 274 – Personal Financial Statements
• AR-C Section 80 – Compilation Engagements
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group