Category Archives: Uncategorized

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AICPA seeks exemption for CPA firms from expected beneficial ownership registry

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


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SBA unveils initial Restaurant Revitalization Fund results

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


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Single audit: Pandemic aid and major program determinations

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


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AI presents opportunities for cost optimization in manufacturing

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


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FASB proposes hedge accounting changes

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


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SBA stops accepting new PPP applications from most lenders as general funds run out

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


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What auditors and audit committees need to know about SPACs

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


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4 reopening mistakes employers must avoid

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


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CPA Evolution Model Curriculum FAQs

Jan Taylor-Morris, academic in residence at the Association of International Certified Professional Accountants, representing AICPA & CIMA, gives answers to some of the most frequently asked questions about the CPA Evolution Model Curriculum launching this June.
Source: JOA News
Read More here – CPA Evolution Model Curriculum FAQs


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Tax returns are underrated financial planning tools

Tax time provides an excellent opportunity to create or update a financial strategy. By examining your tax returns, you can glean information that can help you build a financial plan.
Source: JOA News
Read More here – Tax returns are underrated financial planning tools