AICPA

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.

A recent webcast urged businesses to focus on potential upsides and customer/employee engagement amid the coronavirus outbreak.

Updates on industry events impacted by coronavirus pandemic

The annual accounting and finance event in Las Vegas has been delayed until an unspecified time "later this year" due to the ongoing coronavirus outbreak.

Bipartisan legislation would extend the deadline after guidance from the Treasury Department fell short.

NASBA and the AICPA announced the decision after test administrator Prometric closed its test centers across the United States and Canada for 30 days.

The American Institute of CPAs’s Financial Reporting Committee released working drafts of two pieces of implementation guidance for the Financial Accounting Standards Board’s long-duration insurance contracts standard.

The American Institute of CPAs has debuted SOC for Supply Chain, a risk management reporting framework that CPAs can use to provide assurance services as they face risks in their supply chain ranging from coronavirus to trade to other threats.

The president said he would allow individuals and businesses to “defer tax payments without interest or penalties” and he urged Congress to cut payroll taxes.

The American Institute of CPAs updated its auditor reporting standards to conform them with recently issued auditing standards.