Accounting
Top stories summarized by our editors
4/2/2020

Remote working has quickly become the new normal, writes Jim Pelletier, IIA vice president of standards and professional knowledge. "In this environment, business leaders must be aware of the impacts not just to their operations and bottom lines, but to their employees," he writes. Pelletier notes that with employees' common practices being disrupted so completely, there will inevitably be an impact not only to productivity, but also to their personal well-being.

4/2/2020

Deferral requests for significant accounting standards that are not yet effective are among topics the Financial Accounting Standards Board will discuss related to the coronavirus pandemic at a board meeting Wednesday.

4/2/2020

Auditors face many challenges as they work through the coronavirus pandemic. The AICPA Center for Plain English Accounting has posted guidance on handling those challenges.

4/2/2020

The economic stimulus package passed by Congress last week lets mortgage borrowers defer payments if they are suffering financial hardship. Federal Housing Finance Agency Director Mark Calabria wants borrowers to be honest about circumstances and says the process is "operating on the honor system."

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CNBC
4/2/2020

Businesses might offer employees early-retirement packages to shrink payrolls during difficult times. Here are some factors employees should consider to ensure the pros outweigh the cons.

4/2/2020

Here is a look at the amount uninsured and insured people can expect to pay if they are hospitalized because of the coronavirus, based on analysis by FAIR Health.

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CNBC
4/2/2020

The Internal Revenue Service has issued a form and draft instructions for employers to use to obtain advances of three tax credits enacted in response to the coronavirus pandemic: the employee retention credit, the qualified sick leave credit and the qualified family leave wages credit. All of them are offset against a business' payroll taxes.

4/2/2020

To ease the burden on employers during the coronavirus pandemic, the Internal Revenue Service is waiving additions to tax for employers' failure to deposit employment taxes when an employer is entitled to or expects entitlement to credits under three provisions enacted in response to the pandemic: the sick leave credit, the family leave credit and the employee retention credit.

4/2/2020

As the accounting profession continues to advance, particularly in the ways of new and emerging technologies, so, too, does the CPA Exam. Discover how the AICPA has committed to keeping the exam relevant to needs of a rapidly evolving profession.

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AICPA Insights
4/2/2020

A whistleblower with compliance duties has been awarded $450,000 from the Securities and Exchange Commission, becoming the third person with internal audit or compliance duties to receive such an award. Information from the whistleblower helped the SEC refocus an investigation that led to an enforcement action.