Coronavirus

Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.

Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic.

Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.

Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm's fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

Tax practitioners share the questions they’re getting asked most, and how they’re answering.

The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most Americans with a new round of $1,200 checks

The CPA’s first line of defense is to protect e-tailers and brick-and-mortar shops.

A lack of modern lease accounting capabilities makes it difficult for many businesses with large lease portfolios to regain control, improve liquidity and plan for the future.

More than half expect to be back to a more normal work environment in less than six months, according to a new survey.

Lax eligibility requirements are raising new questions about which firms should get access to public money.

The COVID-19 pandemic has forced workers across the U.S. to stay home. KPMG offers a robust plan for bringing staff back to the workplace when the time comes.

The firm has implemented inter.x in-house, but it is also available to clients to manage dealings between financial entities of a business, which account for 30 to 40 percent of the global economy.

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

Divorce and COVID-19 each bring various tax considerations.

In this environment where information is fluid and everything is changing on a daily basis, accountants must stay out in front of clients’ needs.

Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise.

As the world grapples with the escalating impact of the pandemic, a stark realization is now sweeping over accounting and finance teams — they’re the ones who have to figure out how countless uncertainties fit into their reporting and GAAP.

As businesses and employers make the sudden shift to agile working from home, how does this change their approach to maintaining their accounts?