AICPA Accounting Guidance for PPP Lenders
The AICPA and its Depository Institutions Expert Panel (DIEP) has released several Technical Questions and Answers (TQAs) to help depository institutions, credit unions, credit card…
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Embracing, Leading and Surviving Change
A hot topic at Wolters Kluwer’s Audit Talks LIVE – Spring 2020 virtual conference change management. Specifically, we hosted a session on embracing, leading and…
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How to Embrace Analytics in the Audit
Earlier this month, Boomer Consulting, Inc. had the honor of sponsoring Wolters Kluwer’s Audit Talks LIVE – Spring 2020 virtual conference. The conference brought together…
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Adjusting to an extended tax season
Summertime. The time of year a tax accountant typically focuses on vacation – and relaxing after a long tax season. However, 2020 has been anything…
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Focus on Efficiency
The Three “C’s” Over the past few months firms have adjusted to a new way of doing business. With offices closed, we have learned to…
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FASB Approves New Standards and Proposes Effective Date Delay
FASB approves new standards and a proposes effective date delay. The two upcoming Accounting Standards Updates (ASUs) are: one that improves financial reporting associated with…
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Ready to better manage your audit workflows?
Understanding the problem “I can’t get a 360 view of where all the engagements are, and what is ready to go out the door.”“These status…
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FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards
The FASB issues an Accounting Standards Update (ASU) that offers limited effective date delays on revenue recognition and leases standards. It grants a one-year effective…
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CCH Axcess Knowledge Coach New Titles
In 2019, Wolters Kluwer Tax & Accounting expanded its award-winning, cloud-based, tax preparation, compliance and workflow management platform – CCH Axcess™. The addition was an…
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FASB Decides to Extend Effective Date of Revenue Recognition and Leases Standards for Certain Entities
The FASB met on Wednesday, May 20, 2020 and voted to extend the effective date of Topics 606, Revenue from Contracts with Customers, and 842,…
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