The Latest

Businesses adjust forecast AICPA economic outlook survey chart Coronavirus covid19
Ranica Arrowsmith
March 23, 2020 11:56 PM

Existing general auditing standards can and should be complied with, despite difficulties.

3 Min Read
Businesses adjust forecast AICPA economic outlook survey chart Coronavirus covid19
Melissa Diaz
March 23, 2020 10:33 PM

High Rock Accounting provides clients with cash flow assistance and guidance. But what happens when a firm needs the same assistance?

7 Min Read
PCAOB logo
Michael Cohn
March 23, 2020 6:47 PM

The Public Company Accounting Oversight Board is giving firms a pause until May 11, given the difficulties businesses are facing from COVID-19.

2 Min Read
Puerto Rico Governor Wanda Vazquez Garced
Robert Slavin
March 23, 2020 6:33 PM

The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12.

2 Min Read
Superstorm Sandy-NYSE-Hurricane-Bloomberg News
Todd Cipperman
March 23, 2020 5:34 PM

We've had many chances to learn, from the dot-com bust to the 2008 financial crisis. But the storm is perhaps most applicable to our current situation.

4 Min Read
Andrew Coen
March 23, 2020 5:28 PM

The economic dislocations brought by COVID-19 led Fitch Ratings to drop the Long Island county to BBB-plus.

2 Min Read
March 23, 2020 5:20 PM

Eric Holcomb said the state will consider using bond authority to move forward with capital projects that were to have been funded on a pay-go basis.

2 Min Read
Sen. Sherrod Brown, Ohio Democrat, is co-sponsoring legislation that would call for a four-month moratorium on all negative credit reporting.
Kevin Wack
March 23, 2020 4:50 PM

Congressional Democrats want forceful action to prevent damage to millions of Americans' credit scores during the COVID-19 pandemic. But the credit bureaus argue that the tools needed to protect consumers are already in place.

3 Min Read
AICPA CEO and president Barry Melancon addressing the 2018 Engage event
Danielle Lee
March 23, 2020 4:36 PM

The coalition proposed the federal government set up and fund a central payroll account for small-business payroll processors to use to direct funds to small businesses to keep paying employees.

3 Min Read
FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut
Michael Cohn
March 23, 2020 4:32 PM

The Financial Accounting Standards Board has come under pressure to relax its credit losses standard as banks and other financial institutions see the value of their assets plunging from the sell-off in the capital markets amid the coronavirus pandemic.

6 Min Read