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The AICPA Professional Ethics Executive Committee (PEEC) proposes a significantly different interpretation of independence requirements related to CPA firms loaning staff to clients. Continue Reading
The forgivable portion of a Paycheck Protection Program loan should be accounted for by the lender as an interest-bearing loan until payment for that loan is received from the Small Business Administration, according to new guidance from AICPA. Continue Reading
The U.S. Small Business Administration and Treasury issued an interim final rule Monday addressing Paycheck Protection Program forgiveness issues related to owner-employee compensation and the eligibility of nonpayroll costs. Continue Reading
The Small Business Administration posted rules about how businesses who have been turned down for Paycheck Protection Program forgiveness loans can appeal, and how forgivable PPP loans interact with the SBA’s Economic Injury Disaster Loans. Continue Reading
SBA and Treasury issued two FAQs related to the Paycheck Protection Program (PPP) and three FAQs related to the PPP and Economic Injury Disaster Loans (EIDL). Continue Reading
The U.S. Small Business Administration (SBA), in consultation with Treasury, released guidance Tuesday answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program loans. Continue Reading
Blockchain technology can be used to improve risk management and create better controls for organizations, according to a new paper released Tuesday by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Continue Reading
Recently issued proposed regulations are generally good news for property owners with plans to make Sec. 1031 exchanges. Continue Reading
COVID-19 has affected not-for-profits in vastly different ways - here's what auditors need to know. Continue Reading
The AICPA Auditing Standards Board (ASB) modernizes private company auditing standards by recognizing the critical value technology and information bring in today's audit procedures. Continue Reading