News
The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by financial services companies.
The IRS is pushing deadlines and payment deadlines back to July 15 for some taxpayers.
The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.
SEC rolls back audit requirements for smaller companies’ internal controls
The Chicago-based firm will combine its consulting experiences with Llamasoft’s optimization technology to help its clients meet their supply chain objectives.
Grant Thornton partners with Llamasoft to offer AI-based supply chain optimization
The board’s ASU offers temporary optional guidance to help with the accounting for reference rate reform.
The American Institute of CPAs has debuted SOC for Supply Chain, a risk management reporting framework that CPAs can use to provide assurance services as they face risks in their supply chain ranging from coronavirus to trade to other threats.
Two former Puerto Rico officials, along with the head of an accounting firm and three others, were indicted over allegations of theft, money laundering and wire fraud, escalating federal investigations that have been swirling around the bankrupt U.S. territory.
Ex-Puerto Rico officials and BDO partner charged in corruption probe
The president said he would allow individuals and businesses to “defer tax payments without interest or penalties” and he urged Congress to cut payroll taxes.
Trump calls for deferral of tax payments from coronavirus victims
The states with the most tax-filing procrastinators are California and Nevada, while Las Vegas and Denver were the top cities for those who wait until the last minute, according to a new survey.
Biggest tax procrastinators found in California and Las Vegas
Former Vice President Joe Biden wants to raise taxes on the wealthy. Senator Bernie Sanders wants to send those levies off the charts.
