Small 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.

Small companies avoid internal controls attestations by taking on debt


Veterans 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.

Veterans set to receive automatic coronavirus stimulus payments


Real 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.

Real estate assets and virtual valuations in the age of coronavirus


AICPA 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.

AICPA announces 2019 Elijah Watt Sells Award winners


TIGTA wants taxpayers to report coronavirus relief scams

In addition to resources and information on various pandemic-related frauds, taxpayers can email the services tips directly.

TIGTA wants taxpayers to report coronavirus relief scams


Americans agonize over $1,200 relief payments that won’t be enough

The Internal Revenue Service processed more than 80 million stimulus payments on April 10 in a centerpiece of a $2.2 trillion effort to shore up the battered U.S. economy.

Americans agonize over ,200 relief payments that won’t be enough


People & firms on the move: Grassi adds high-net-worth specialist partner

Whitley Penn launches strategic consulting services practice; Illinois CPA Society announces 2019 Excel Award winners; and more CPA news.

People & firms on the move: Grassi adds high-net-worth specialist partner


Organizations lose 5 percent of revenue to fraud every year

The typical case of fraud costs $8,300 per month, and the median duration of each fraud case was 14 months.

Organizations lose 5 percent of revenue to fraud every year


SSI recipients to receive automatic stimulus payments for coronavirus

People who receive Supplemental Security Income will automatically get economic impact payments from the federal government in response to the novel coronavirus pandemic.

SSI recipients to receive automatic stimulus payments for coronavirus


Coronavirus payments hit glitches

In some cases, problems with the IRS payments may be due to tax preparers.

Coronavirus payments hit glitches