Audit & Accounting

Throughout most of its decades-long history, research credit audits have exposed areas of misunderstanding and, in many circumstances, led to major disagreements with the IRS.

AICPA executives Mark Koziel and Carl Peterson shares strategies, tactics and resources for CPAs trying to make their way through the COVID-19 pandemic.

Three firms share very different approaches to handling clients’ books.

The $2.2 trillion package passed by the Senate includes a provision that would allow banks the temporary option to postpone compliance with the credit losses standard.

The Governmental Accounting Standards Board is considering delaying the effective dates of its standards and implementation guides because of the novel coronavirus pandemic.

Practitioners share ways to respond to clients who think the postponed deadline means they’re not busy.

The Commission is extending the filing periods covered under its previous reporting relief for companies due to the COV-19 pandemic.

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

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

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.