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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Feed SubscriptionAICPA 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.
Read More »AICPA CEO Melancon sees PPP opportunities ahead for accountants
CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon.
Read More »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.
Read More »People & firms on the move: Somerset CPAs names new president
QRGA elects next managing partner; Boomer Consulting adds two shareholders; and more CPA news.
Read More »New coronavirus stimulus package contains some big tax items
The latest round of coronavirus stimulus legislation introduced in Congress on Monday includes some major tax provisions and changes for accountants to watch out for in the New Year.
Read More »AICPA joins in calling for PPP expense forgiveness legislation
The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.
Read More »AICPA prods Congress to allow PPP expense deductibility
With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives.
Read More »AICPA disagrees with IRS commissioner Rettig on penalty relief
The American Institute of CPAs is firing back after a congressional hearing, asking for penalty relief for taxpayers dealing with the pandemic.
Read More »AICPA announces partnership with Institute of Chartered Accountants of Jamaica
The first-of-its-kind agreement will help the island nation create a pipeline of future-ready professionals.
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