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GASB Addresses Subscription-Based Tech Arrangements

GASB issued accounting and financial reporting guidance Friday for subscription-based information technology arrangements used by state and local governments.

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4 Key COVID-19 Audit Risks for 2020 Year Ends

Many auditors have begun to turn their sights to their next group of audits: clients with 2020 fiscal year ends.

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AICPA Issues Guidance For Forgivable PPP Loans

A nongovernmental entity may account for a Paycheck Protection Program (PPP) loan as a financial liability in accordance with FASB ASC Topic 470, Debt, or under other models, if certain conditions are met, according to new guidance for borrowers issued Wednesday by the AICPA.

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Secure Your Firm Post-COVID-19

Seemingly overnight, COVID-19 required CPA firms to operate entirely in virtual environments. Many firms rushed to adapt to whatever remote work tools were available without having time to consider all the associated security risks. This Digitally Speaking article will help your members make sure their firms are better secured.

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AICPA Is Giving Away Money For You to Take the CPA Exam

Before you get too excited over that headline, note this is a scholarship and not an announcement that the AIPCA has hired Jerome Powell to make their own personal money machine go brrr for CPA exam candidates.

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CFOs Turning To Flexible Staffing Options In COVID-19 Era

First things first: With deepest appreciation, a big thank you and heartfelt gratitude to the healthcare professionals and first responders fighting the Coronavirus Disease 2019 (COVID-19).

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How Companies Are becoming Creative With Accounting

COVID-19 is leading to new non-GAAP metrics—and could prompt companies to dump all sorts of costs into periods affected by the crisis

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PPP Forgiveness Changes Coming As Senate Passes House Bill

The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday night, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans.

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Do You Run A Small Business That Accepts Crypto?

Many US companies that deal with cryptocurrencies are privately held small businesses. Such businesses do not have to follow cumbersome GAAP crypto accounting rules that publicly traded companies have to follow.

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IASB Issues Amendment To IFRS Standard On Leases

The International Accounting Standards Board (Board) has today issued an amendment to IFRS 16 Leases to make it easier for lessees to account for covid-19-related rent concessions such as rent holidays and temporary rent reductions.

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