Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.
The coronavirus has caught a number of states off guard, threatening their revenue and impairing their ability to meet obligations that have grown as a result of the epidemic.
Organizations and firms are donating N95 masks, providing resources at no cost and taking steps to protect employees and practices nationwide from the spreading pandemic.
Attom ranked 483 counties across the country based on 4Q foreclosure notices, local wages and other factors.
The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.
GASB is considering postponing the effective dates of eight statements and five implementation guides.
How FAs and firms are adapting to a radically different business environment.
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.
The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.
Establish a communication plan now, so your firm can come out of this crisis stronger than ever. Here are three key steps to follow.