CPA Never under estimate the value
Treasury on Monday provided details and allocations for state, local, territorial and tribal government pandemic relief totaling $350 billion that was established under the American Rescue Plan Act.
Source: JOA News
Read More here – Pandemic government relief: Details, allocations provided
Feelings of “intellectual fraud” could affect an estimated 70% of the U.S. population. For finance leaders, adopting a questioning style and making a specific plan can help.
Source: JOA News
Read More here – 3 ways to defeat imposter syndrome — and build executive presence
The AICPA is requesting that all licensed or registered CPA firms be exempted from forthcoming rules that require beneficial ownership information to be reported by small businesses to the Financial Crimes Enforcement Network (FinCEN).
Source: JOA News
Read More here – AICPA seeks exemption for CPA firms from expected beneficial ownership registry
The Restaurant Revitalization Fund received more than 186,000 applications from restaurants and other eligible businesses the first two days after its application window opened May 3.
Source: JOA News
Read More here – SBA unveils initial Restaurant Revitalization Fund results
As pandemic relief adds to funding that needs to be considered in a single audit, it’s important to remember that the rules in the Uniform Guidance still prevail.
Source: JOA News
Read More here – Single audit: Pandemic aid and major program determinations
Artificial intelligence and machine learning can drive more efficient operations and more effective growth for manufacturers. Here’s how the technology is being used to monitor for defects, schedule preventive maintenance and improve forecasting accuracy.
Source: JOA News
Read More here – AI presents opportunities for cost optimization in manufacturing
FASB issued a proposal that would expand the current single-layer hedging model and is intended to better align hedge accounting with an organization’s risk management strategy.
Source: JOA News
Read More here – FASB proposes hedge accounting changes
The SBA has informed lenders that it is no longer accepting new applications from most lenders for the Paycheck Protection Program because the $292 billion program’s general fund is nearly exhausted.
Source: JOA News
Read More here – SBA stops accepting new PPP applications from most lenders as general funds run out
Interest in special-purpose acquisition companies is growing among investors and regulators. The Center for Audit Quality has considerations for auditors and audit committees to keep in mind regarding SPACs.
Source: JOA News
Read More here – What auditors and audit committees need to know about SPACs
As firm leaders prepare for a post-pandemic work world, they should take care to plot a path that steers clear of potential pitfalls — four of which are explored in this article.
Source: JOA News
Read More here – 4 reopening mistakes employers must avoid
