This year is expected to be the worst for the global economy since World War II, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.
The Institute of Certified Management Accountants also announced a change in the testing window schedule for 2020, due to COVID-19.
Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic.
Accountants and finance pros have led in formulating strategy, anticipating risk and determining the best course of action to move forward.
Small businesses are dealing with frustrating delays and changing guidance in applying for and receiving help from the Small Business Administration in its new Paycheck Protection Program.
The pandemic has prompted confidence among accountants to fall to its lowest levels on record in all regions of the world during the first quarter of the year.
Chief financial officers are playing a key role in helping their companies cope with the fallout from the coronavirus pandemic and the economic devastation it’s causing, according to officials from the Institute of Management Accountants.
Most CFOs polled by PwC expressed great concern for their business and 80 percent anticipate COVID-19 will decrease their revenue or profits this year.
The Commission is extending the filing periods covered under its previous reporting relief for companies due to the COV-19 pandemic.
Financial execs can provide critical reassurance and information through proactive communication.