The institute released guidance on how to account for forgivable loans under the Small Business Administration’s Paycheck Protection Program.
Business executives who are also CPAs have sharply reduced their outlook for profits, sales, hiring and the overall economy over the next 12 months, because of the COVID-19 pandemic, according to a new survey by the American Institute of CPAs.
The COVID-19 pandemic has changed us in ways that are still undetermined.
The American Institute of CPAs’ Council elected Tracey Golden, an audit partner with Deloitte, as AICPA chair for a one-year term, during the governing group’s first-ever virtual Council meeting.
The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.
The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.
The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.
Leaders from the AICPA share details of firms’ struggles, and the work the profession is doing to mitigate the economic effect of the coronavirus.
The Paycheck Protection Program continues to evolve -- and there are other ways to help business clients, according to Erik Asgeirsson of CPA.com and Mark Koziel of the AICPA.
The American Institute of CPAs offered suggestions on how the federal government’s Paycheck Protection Program should deal with forgiving loans.