Coronavirus affecting plans at IAASB
The International Auditing and Assurance Standards Board released its 2020-2023 strategy and 2020-2021 work plan, while acknowledging that the COVID-19 pandemic could throw those plans out of whack.
Art of Accounting: Deciding who to let go
In normal times, ideally no one should be let go unless they are just not good. In these times, being practical means some may need to go. How do you decide?
EY must pay $10.8M to whistleblowing auditor
Ernst & Young must pay $10.8 million to an auditor who blew the whistle on wrongdoing at a Dubai gold refiner in another black eye for the U.K. accounting industry.
Rebooting for a new normal post-coronavirus
Small and midsized firms need to prepare for a world of reduced liquidity and lower organic growth.
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.
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.
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