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Nonprofits, businesses receiving PPP could face surprise audits

Nonprofit and for-profit organizations that received Paycheck Protection Program loans could unexpectedly find themselves confronting the “single audit” requirement for the first time, even though PPP loans are supposedly exempt.

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AICPA proposes changes in quality management standards

The American Institute of CPAs is proposing to revise its quality management standards to take a more risk-based approach targeted at the types of engagements performed by the CPA firm.

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CalCPA chief picked as new IIA CEO

Anthony Pugliese will succeed the longtime leader of the Institute of Internal Auditors, Richard Chambers, at the end of March.

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