IFAC offers plan for transforming accounting practices amid coronavirus

The International Federation of Accountants has published a roadmap for transforming small and medium-sized accounting practices in the midst of the novel coronavirus pandemic and moving them into the future. Original Article Posted at : https://www.accountingtoday.com/news/ifac-offers-action-plan-for-transforming-accounting-practices-amid-coronavirus

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The PPP and beyond

The Paycheck Protection Program continues to evolve — and there are other ways to help business clients, according to Erik Asgeirsson of CPA.com and Mark Koziel of the AICPA. Original Article Posted at : https://www.accountingtoday.com/podcast/the-ppp-and-beyond

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Art of Accounting: Postpone the retreat but not the process

Many firms organize a summer retreat that they are now postponing or canceling. Whether they are held or not, I recommend not canceling the preparation process. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-postpone-the-retreat-but-not-the-process

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U.K. watchdog probes Ernst & Young audit of NMC Health

The U.K.’s Financial Reporting Council has opened an investigation into Ernst & Young LLP’s auditing of NMC Health Plc, the Middle Eastern hospital operator facing fraud allegations. Original Article Posted at : https://www.accountingtoday.com/articles/the-u-s-supreme-court-agreed-to-review-a-ruling-that-critics-say-would-give-the-treasury-department-and-internal-revenue-service-a-sweeping-shield-from-challenges-to-their-regulations

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Tax-avoidance case, suits against IRS get Supreme Court review

The U.S. Supreme Court agreed to review a ruling that critics say would give the Treasury Department and Internal Revenue Service a sweeping shield from challenges to their regulations. Original Article Posted at : https://www.accountingtoday.com/articles/tax-avoidance-case-suits-against-irs-get-supreme-court-review

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