The spread of the novel coronavirus presents serious concerns and challenges for many around the world. To help, below we’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos from the Journal of Accountancy. You can also read the latest news on advocacy and tax relief, the CARES Act, and the Paycheck Protection Program.
The Association, the global voice of the American Institute of CPAs and the Chartered Institute of Management Accountants, is continually monitoring the impact of the coronavirus (COVID-19) on members, staff, exam candidates, students, and the profession. Visit this page on AICPA.org for updates and details about where to find the information you need.
COVID-19 news and resources
Bring the remote work trend into your accounting classroom
Use this trend as a springboard into discussing the impact of technology on accounting.
Managing perceptions as a public-sector accountant
This article discusses ways those in public-sector finance can handle public perceptions of spending on things like travel and overtime without compromising on the work they need to do.
SBA to require PPP loan necessity form from large borrowers
Businesses and not-for-profits that received $2 million or more in PPP loans must complete one of two new loan necessity questionnaires the SBA is sending to lenders for distribution to borrowers.
Companies rethink the office, but they’re not ready to say goodbye
Most plan to keep their current real estate, but they are reimagining what that space could look like.
9 tips for successful auditing of revenue recognition
A new standard and the disruption caused by the coronavirus pandemic make auditing revenue recognition difficult. These tips can help.
IRS announces help with tax debt
The IRS said it was revising its procedures to help taxpayers who cannot pay their taxes because of the pandemic. The new program is called the Taxpayer Relief Initiative.
Developing a strategic audit plan
This article outlines steps CPAs should consider when developing strategic audit plans for their own clients.
Tech tips for remote work
Maximize comfort and productivity with an optimized internet connection and a decluttered digital desktop.
Deducting losses in the CARES Act’s window
For a limited time, taxpayers have flexibility for using net operating losses.
COVID-19 and withdrawals from retirement plans
Taxpayers under financial duress caused by the pandemic can avoid penalties.