Standard Practice

Standard Practice

By Meredith Mednick, CPA, CABusinessManagement
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Standard Practice episodes

  • UPDATE: PCAOB QC 1000: Amendments to A Firm's System of Quality Control

    On September 9, 2026, the PCAOB adopted amendments to QC 1000, three months before they take effect. This is a companion to episode two,  PCAOB QC 1000, A Firm's System of Quality Control, covering the recent changes. 

    Connect with Meredith
    LinkedIn:     https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    18 min
  • PCAOB QC 1000: A Firm's System of Quality Control

    Most firms don't have a quality problem; they have a documentation problem that keeps masquerading as one. This episode breaks down PCAOB QC 1000, the new standard that forces firms to move from checking boxes to actually knowing whether their quality control works, and what that shift means before the December 2026 effective date.

    Connect with Meredith

    LinkedIn: https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    46 min
  • IFRS 18: Presentation and Disclosure in Financial Statements

    IAS 1 is gone, and IFRS 18 doesn't just tweak the edges. It rewrites how entities present their statement of profit or loss, and it's going to change how you read financial statements for years to come.

    In this episode, Meredith Mednick, CPA, CA is joined by Blake Oliver, CPA. They break down what's actually new: a mandatory five-category framework for classifying every item of income and expense, fresh rules on aggregation and disaggregation, and new required subtotals in the P&L. They also cover what preparers need to have sorted before the standard kicks in for periods beginning on or after January 1, 2027.

    If you work with IFRS financial statements in any capacity, whether you're preparing them, auditing them, or just trying to make sense of them, this is the one to listen to before the transition clock runs out.

    Connect with Blake

    Website: https://earmarkcpe.com/
    LinkedIn: https://www.linkedin.com/in/blaketoliver

    Connect with Meredith

    LinkedIn: https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    52 min

About Standard Practice

From the publisher's feed

Standards aren't just boxes to check. This show digs into the audit, accounting, and tax rules that shape the profession and what they actually mean when you're the one applying them.