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The London market insurance and reinsurance sector is at-risk due to the Covid-19 coronavirus pandemic, causing Fitch Ratings to revise its outlook on this core marketplace to negative. Yesterday, we reported that Fitch had revised its outlooks for the global reinsurance market and U.S. Property & Casualty insurance to negative from stable, as the magnitude…
Read MoreThe insurance and perhaps reinsurance industry loss from European windstorm Ciara, also known as Sabine and Elsa, has been estimated at almost EUR 1.6 billion (close to US $1.7bn) by PERILS AG. The Zurich-based provider of catastrophe industry loss data, indices and services for the reinsurance industry said that the storm caused most of its…
Read MoreExisting general auditing standards can and should be complied with, despite difficulties. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-on-remote-audits-during-pandemic-get-creative-stay-skeptical
Read MoreHigh Rock Accounting provides clients with cash flow assistance and guidance. But what happens when a firm needs the same assistance? Original Article Posted at : https://www.accountingtoday.com/opinion/i-applied-for-small-business-association-covid-19-relief-heres-how-it-went
Read MoreIn “Why doctors should get political,” I focused on the need for doctors to voice their opinions in order to rally patients and inspire them to take control of their own health, but what about the responsibility we have to ourselves, our families, and our colleagues? Who will advocate for us as health care providers…
Read MoreThe Public Company Accounting Oversight Board is giving firms a pause until May 11, given the difficulties businesses are facing from COVID-19. Original Article Posted at : https://www.accountingtoday.com/news/pcaob-offers-audit-firms-45-days-of-relief-from-inspections-during-coronavirus-outbreak
Read MoreSince the coronavirus outbreak, reports of anxiety have increased, especially among physicians. Physicians face numerous stressors, including fears of contracting the coronavirus, concerns about potentially infecting loved ones, PPE shortages, testing delays, and frequently making quick decisions with limited information. Common symptoms of anxiety are increased worrying about one’s self and/or loved ones, difficulty sleeping,…
Read MoreNew York Governor Andrew Cuomo (D) has become an avid supporter of legalized recreational marijuana and has vowed to legalize it this year. This is the second year in a row Gov. Cuomo has included legalization in his budget. In 2019, the measure was eventually taken out of the budget, despite support among voters, as…
Read MoreMy wife and I have been paying $155 a month for a gym membership for years. I can count with my fingers how many times a year I don’t work out. I’ve also been a big advocate that it’s easier to make exercising part of your lifestyle if it’s an event. For these reasons I’ve…
Read MoreLawmakers are currently debating the size and structure of “recovery rebates” for individual taxpayers as part of a package addressing the current health and economic crisis. The exact mechanism and timing of these potential rebates, designed to provide a one-time income boost for individuals to weather the economic crisis, is at this point unknown. How…
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