Accounting
Coronavirus affecting plans at IAASB
The International Auditing and Assurance Standards Board released its 2020-2023 strategy and 2020-2021 work plan, while acknowledging that the COVID-19 pandemic could throw those plans out of whack. Original Article Posted at : https://www.accountingtoday.com/news/coronavirus-affecting-plans-at-iaasb
Read MoreHeads I Win, Tails I Win Too: Winners From The Tax Relief For Losses In The CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act grants massive tax relief for business losses, but most of the benefits will be reaped by…
Read MoreArt of Accounting: Deciding who to let go
In normal times, ideally no one should be let go unless they are just not good. In these times, being practical means some may need to go. How do you decide? Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-deciding-who-to-let-go
Read MoreEY must pay $10.8M to auditor who blew whistle on refiner
Ernst & Young must pay $10.8 million to an auditor who blew the whistle on wrongdoing at a Dubai gold refiner in another black eye for the U.K. accounting industry. Original Article Posted at : https://www.accountingtoday.com/articles/ey-must-pay-10-8m-to-auditor-who-blew-whistle-on-refiner
Read MoreRebooting for a new normal post-coronavirus
Small and midsized firms need to prepare for a world of reduced liquidity and lower organic growth. Original Article Posted at : https://www.accountingtoday.com/opinion/rebooting-for-a-new-normal-post-coronavirus
Read MoreSmall companies avoid internal controls attestations by taking on debt
The Securities and Exchange Commission recently voted to exempt many smaller public companies from the Sarbanes-Oxley requirement for auditor attestations of their internal controls over financial reporting, but many companies have been able to bypass those audits anyway. Original Article Posted at : https://www.accountingtoday.com/news/small-companies-avoid-internal-controls-attestations-by-taking-on-debt
Read MoreVeterans set to receive automatic coronavirus stimulus payments
The Treasury Department and the Internal Revenue Service are partnering with the U.S. Department of Veterans Affairs to deliver economic impact payments automatically to veterans and their beneficiaries, without filling out extra forms, in response to the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/veterans-set-to-receive-automatic-coronavirus-stimulus-payments
Read MoreReal estate assets and virtual valuations in the age of coronavirus
Doing valuations of commercial real estate in the midst of the pandemic is complicated when professionals can’t just hop on a plane. Original Article Posted at : https://www.accountingtoday.com/opinion/real-estate-assets-and-virtual-valuations-in-the-age-of-coronavirus
Read MoreAICPA announces 2019 Elijah Watt Sells Award winners
The American Institute of CPAs recognized 133 students across the country with the highest scores on the 2019 Uniform CPA Exam. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-announces-2019-elijah-watt-sells-award-recipients
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