Contributor Bio

Zildjian Torres
Zildjian Torres
Zildjian Torres is a Supervisor from the Technical Accounting Group of Scrubbed. He has experience in preparing financial statements (i.e.,10-Q and 10-K reports) of SPACs. He also assists public and private companies in preparing technical memoranda and US GAAP financial statements (i.e., 10-Q and 10-K reports), including note disclosures and account reconciliations, and provides technical accounting consultation. Before joining Scrubbed, he had three years of professional experience with Sycip Gorres Velayo & Co. (SGV & Co.) handling financial statement audits, reviews, and agreed-upon procedures for public and private companies under real estate companies, aviation, and educational services industries.

Content

New Presentation and Disclosure Requirements on Contributed Nonfinancial Assets: Here’s What You Need to Know

Contributions are critical to NPOs, and in-kind items like products and services are also valuable. However, recent concerns about the overstatement of their value have led to changes in accounting standards. The ASU 2020-07 provides more transparent and credible presentations and disclosures of nonfinancial asset contributions.

Overcoming the Evolving Complexities of Going Public through SPACs

Learn key SPAC acquisition challenges and how to prepare for a smooth IPO process.