Coronavirus

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Michael Cohn
April 8, 2020 4:44 PM

The Financial Accounting Standards Board plans to propose that private companies and nonprofits get an extra year to implement the lease accounting standard while also giving private franchisor companies an extra year for revenue recognition.

3 Min Read
Attendees walk past a signage for Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon.com Inc. Web Services chief executive officer Andy Jassy is leading a push into artificial intelligence to boost Amazon's cloud computing, which commands about 45 percent of the market for infrastructure as a service, where companies buy basic computing and storage power from the cloud. Photographer: David Paul Morris/Bloomberg
SBA
John Reosti
April 8, 2020 4:26 PM

The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week.

3 Min Read
AICPA CEO and president Barry Melancon addressing the 2018 Engage event
Michael Cohn
April 8, 2020 3:35 PM

The American Institute of CPAs has posted a set of frequently asked questions and answers aimed at helping CPAs and their clients with tax filing and tax relief in response to the novel coronavirus pandemic, while pointing out the various shortcomings in the federal government’s response.

3 Min Read
April 8, 2020 2:46 PM

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

3 Min Read
Ingrid Case
April 8, 2020 2:11 PM

Advisors — some inspired, some resistant — envision client contact in a post-coronavirus landscape.

4 Min Read
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CRA
Jesse Van Tol
April 8, 2020 1:59 PM

Community advocates would like to see changes to the 1977 Community Reinvestment Act, but say regulators should suspend such efforts until the coronavirus pandemic has passed.

4 Min Read
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Sean McCabe
April 8, 2020 1:40 PM

The charitable partner of the Illinois CPA Society is providing 16 laptops to local accounting students who are in need of technology at home following school closures.

1 Min Read
Joseph Otting, comptroller of the currency
CRA
Brendan Pedersen
April 8, 2020 12:41 PM

Lenders and community groups say it's a mistake for the banking agencies to move forward during a national crisis. But Comptroller of the Currency Joseph Otting says updated Community Reinvestment Act rules would speed relief to neighborhoods and small businesses.

6 Min Read
April 8, 2020 12:23 PM

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

6 Min Read
April 8, 2020 12:03 PM

Leading Democrats support Mitch McConnell's $250 billion for small businesses and want another $250 million for hospitals and state and local governments.

4 Min Read