Diagnostics – a Check Audit Warning Light
Diagnostics – an Ounce of Prevention One night while driving home the ‘low tire pressure’ warning light appeared on my dashboard. When I accessed my…
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IFRS Foundation Publishes Educational Material on Going Concern
The IFRS Foundation has issued educational material to support companies in consistent application of going concern requirements under International Financial Reporting Standards (IFRS). The educational…
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Lenders with $1B or Less in Assets May Apply for First and Second Draw PPP Loans on Friday, 1/15
The SBA and Treasury announced that it will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in…
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Wolters Kluwer Releases New Knowledge-based Titles for its Award-winning Cloud-based CCH Axcess™ Knowledge Coach
Expanded library helps ensure high-quality audits, preparations, compilations, or reviews Today, Wolters Kluwer Tax & Accounting announced the addition of new knowledge-based titles to its…
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AICPA Issues TQAs for Third-Party Assessment Engagements
The American Institute of CPAs (AICPA) issued non-authoritative guidance in the form of Technical Questions & Answers (TQA) for CPA firms performing third-party assessment engagements.…
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Taxpayers Should Consider Benefits of Some Late MACRS Elections and Revocations
Taxpayers generally cannot make late MACRS depreciation elections and revocations without IRS consent. The IRS grants permission only in extraordinary circumstances after the taxpayer files…
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Turn 2021 tax changes into payoffs with predictive intelligence
As we start the year, much of the uncertainty that surrounded us last year will remain. In fact, many questions remain unanswered about 2021 tax…
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SBA and Treasury Announce Reopening of PPP and Provide Application Forms
Late Friday evening, January 8, the SBA and the Treasury announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for…
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Passing Peer Review Tips
Peer review can be a stressful experience for some firms. However, it is also an important way that the profession identifies problems and provides firms…
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Guidance for Second Round of PPP Released by SBA, Treasury
This week, the SBA and Treasury issued two interim final rules and a three-page document providing further guidance for the second round of PPP. The…
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