April 1, 2020
Under the federal Paycheck Protection Program (PPP), small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans beginning Friday.
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March 18, 2020
The Office of Management and Budget has issued a memo extending the single audit deadline for certain entities due to the effects of COVID-19.
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October 16, 2019
FASB recently voted unanimously to delay effective dates for private companies and certain other entities for standards on accounting for leases, credit losses and hedging.
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July 10, 2019
The AICPA recently issued new professional standards for members who perform forensic accounting services engagements.
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June 18, 2019
FASB is considering giving accountants at privately held companies and nonprofit organizations an extra two years to implement standards, instead of the one year it sometimes extends them.
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May 2, 2019
The Governmental Accounting Standards Board recently issued guidance intended to clarify, explain, or elaborate on the implementation and application of certain GASB Statements.
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April 19, 2019
The IRS recently announced Revenue Procedure 2019-19 will modify and supersede Rev. Proc. 2018-52, 2018-42 I.R.B. 611, which sets forth the Employee Plans Compliance Resolution System (EPCRS).
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March 25, 2019
The Financial Accounting Standards Board recently issued a revised proposed Accounting Standards Update intended to improve the relevance of current income tax disclosure requirements to financial statement users.
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March 5, 2019
The Financial Accounting Standards Board recently issued an Accounting Standards Update that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated with adopting the new leases standard.
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February 14, 2019
FASB recently issued a proposed Accounting Standards Update and Invitation to Comment on the recognition and measurement of deferred revenue in business combinations.
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