AICPA

The U.S. Small Business Administration is taking steps to remove some of the hangups in the Paycheck Protection Program after complaints from the American Institute of CPAs and others.

Nonprofit and for-profit organizations that received Paycheck Protection Program loans could unexpectedly find themselves confronting the “single audit” requirement for the first time, even though PPP loans are supposedly exempt.

The American Institute of CPAs is proposing to revise its quality management standards to take a more risk-based approach targeted at the types of engagements performed by the CPA firm.

The American Institute of CPAs is asking the Small Business Administration to fix some problems that businesses are encountering when applying for loans from the Paycheck Protection Program.

The annual program provides up to $10,000 and an internship to 10 diverse accounting students pursuing the CPA license.

As Black History Month begins, a number of prominent accounting organizations — including the AICPA, Illinois CPA Society, and the National Association of Black Accountants — have joined together in announcing a new yearlong diversity program.

The Association of International Certified Professional Accountants has also acquired MACPA’s Business Learning Institute.

AICPA CEO Barry Melancon gave an annual presentation for the Accountants Club of America that discussed accountants and small business clients.

CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon.

Topel Forman appoints new managing partner; Armanino promotes record number of partners; and more CPA news.