The Public Company Accounting Oversight Board is giving firms a pause until May 11, given the difficulties businesses are facing from COVID-19.
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March 24, 2020
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PCAOB offers 45 days of relief from inspections during coronavirus outbreak
By Michael Cohn      2 min read
The Public Company Accounting Oversight Board is giving firms a pause until May 11, given the difficulties businesses are facing from COVID-19.
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Complete coverage of the coronavirus impact
Accounting Today has launched a comprehensive feed of our coronavirus coverage, with analysis of its impact and how the profession is responding.
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AICPA coalition urges feds to channel coronavirus funds to small biz through payroll processors
By Danielle Lee      3 min read
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.
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Supreme Court overturns rule on who owns corporate tax refunds
By Roger Russell      4 min read
The decision means companies and subsidiaries will want to establish clear tax allocation agreements.
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FASB may need to revise CECL to deal with coronavirus fallout
By Michael Cohn      6 min read
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.
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Between new regulations, advanced software, and client demands, the audit is being reshaped as never before.
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Employers can use payroll tax credits for paid leave for coronavirus
By Michael Cohn      5 min read
Two new refundable credits are aimed at immediately and fully reimbursing employers, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees.
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'Challenges create opportunities'
By Daniel Hood
CohnReznick's newly installed CEO, David Kessler, shares the challenges facing his Top 100 Firm and the profession at large — as well as how the firm has reacted to the coronavirus.
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Art of Accounting: Tax season in the new reality
By Edward Mendlowitz      3 min read
What we did yesterday is no longer relevant during the coronavirus pandemic, and we need to adapt and quickly. Here are some issues to consider.
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Look for the opportunities amid COVID-19: AICPA
By Sean McCabe      3 min read
A recent webcast urged businesses to focus on potential upsides and customer/employee engagement amid the coronavirus outbreak.
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PwC donates $2.85M to coronavirus-related efforts
By Sean McCabe      2 min read
The Big Four firm's Charitable Foundation will split its donation among Feeding America, Direct Relief and local nonprofits.
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AICPA on remote audits during the pandemic: Get creative, stay skeptical
By Ranica Arrowsmith      3 min read
Existing general auditing standards can and should be complied with, despite difficulties.
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