Accounting
People & firms on the move: Crowe names first chief diversity officer
BKD promotes 32; Grant Thornton hires fraud risk senior manager; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-crowe-names-first-chief-diversity-officer
Read MoreCrowe appoints inaugural chief diversity officer
Chris Mitchell, a consulting principal within Crowe’s technology, media and telecommunications services group, will oversee inclusive practices at the Top 10 Firm. Original Article Posted at : https://www.accountingtoday.com/news/crowe-appoints-inaugural-chief-diversity-officer
Read MoreEU eyes pact with banks for financing companies hurt by coronavirus pandemic
Officials in Brussels may ask Europe’s financial industry to make a joint pledge to keep credit flowing to companies hurt by the coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/articles/eu-eyes-pact-with-banks-for-financing-companies-hurt-by-coronavirus-pandemic
Read MoreIASB proposes further IFRS Standards amendments regarding interest rate benchmark reform
The International Accounting Standards Board proposed amendments to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial statements. Original Article Posted at : https://www.accountingtoday.com/news/iasb-proposes-further-ifrs-standards-amendments-regarding-interest-rate-benchmark-reform
Read MoreThe CARES Act Boost In Unemployment Benefits Is Likely To Cost More Than Congress Projects. That’s a Feature, Not A Bug
The Coranavirus Aid, Relief, and Economic Security (CARES) Act expansion of Unemployment Insurance (UI) benefits is likely to cost far more than Congress’s original estimate…
Read MoreThese States Could Tax Your Recovery Rebates
Americans are receiving rebate checks as part of the federal government’s economic response to the COVID-19 crisis—but in a few states, at least some of those checks could be taxed. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, up to $1,200 rebates are provided for individuals ($2,400 for joint filers), with an additional…
Read MoreFASB proposes to delay accounting standards in response to coronavirus
The Financial Accounting Standards Board plans to propose that private companies and not-for-profit organizations get an extra year to implement the lease accounting standard while they deal with the pandemic, while also giving private franchisor companies an extra year to get ready for the revenue recognition standard. Original Article Posted at : https://www.accountingtoday.com/news/fasb-proposes-to-delay-accounting-standards-in-response-to-coronavirus
Read MoreNo, automation won’t kill the CPA
The prediction of job elimination via technology has been made eleven times throughout history. It still hasn’t happened. Original Article Posted at : https://www.accountingtoday.com/opinion/no-automation-wont-kill-the-cpa
Read MoreAICPA highlights tax filing shortcomings related to coronavirus relief
The American Institute of CPAs has posted a set of frequently asked questions and answers aimed at helping CPAs and their clients with tax filing and tax relief in response to the novel coronavirus pandemic, while pointing out the various shortcomings in the federal government’s response. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-highlights-tax-filing-shortcomings-related-to-coronavirus-relief
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