FASB names new technical director and EITF chair

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force.

FASB names new technical director and EITF chair


R&D tax credits and the coronavirus

Research credits could look very different for some companies in 2020 compared to other years.

R&D tax credits and the coronavirus


The focus shifts to PPP forgiveness

The release of the SBA’s loan forgiveness application highlights the questions that remain around the Paycheck Protection Program.

The focus shifts to PPP forgiveness


In the blogs: It’s a date

Waiting for refunds; EIP debit cards; using state-level OICs; and other highlights from our favorite tax bloggers.

In the blogs: It’s a date


PCAOB eyes audits involving cryptocurrency

The Public Company Accounting Oversight Board released a document Tuesday with information for auditors and audit committees about audits involving cryptoassets, such as Bitcoin and other digital currencies.

PCAOB eyes audits involving cryptocurrency


NASBA proposes changes in CPA requirements

The National Association of State Boards of Accountancy has proposed a set of revisions to the Uniform Accountancy Act Model Rules for CPAs.

NASBA proposes changes in CPA requirements


Treasury, SBA post rules for PPP loan forgiveness

The Treasury Department and the Small Business Administration released an interim final rule after posting the loan forgiveness application.

Treasury, SBA post rules for PPP loan forgiveness


Lawsuit seeks PPP agent fees for accountants

The class action claims banks aren’t paying practitioners their fair share.

Lawsuit seeks PPP agent fees for accountants


IAASB offers guidance on auditor reporting during coronavirus

The International Auditing and Assurance Standards Board released guidance for auditors to consider when issuing audit reports amid the COVID-19 pandemic.

IAASB offers guidance on auditor reporting during coronavirus


Time for a change? The what and how of business entity conversion

Your clients’ businesses evolve over time — and the business environment in which they operate changes as well, especially at a time like this.

Time for a change? The what and how of business entity conversion