CPAs and the historic Paycheck Protection Program
It’s a good time to reflect on the CPA profession’s role in making this historic business relief program a success and to consider what comes next, especially in four key areas.
Management accounting
AICPA, CAQ support SEC’s exploration of climate change disclosures
The AICPA and the Center for Audit Quality sent letters to the SEC supporting its exploration of disclosures related to climate change and environmental, social and governance issues.
Internal audit has pivotal role in ESG reporting
Reporting on environmental, social and governance information is becoming increasingly important. Internal audit’s independent advisory and assurance work can help organizations get it right.
SBA reports first 50 Shuttered Venue Operator Grants
The US Small Business Administration reported its first set of grants from the $16.25 billion Shuttered Venue Operator Grants program.
Reasons for rising economic optimism; how to ‘be your own agent’
CPA decision-makers are projecting sharp increases in revenue and profit in the coming year. Why? Hear more in this week’s podcast.
Rising optimism outweighs concerns about labor shortages, inflation
U.S. finance decision-makers are mainly positive for the coming year for their businesses and the domestic economy, according to a quarterly survey.
5 trends to watch during the pandemic recovery
Inflation fears, labor shortages and real estate issues all are top-of-mind as the US appears to be emerging from the COVID-19 pandemic. Former CNBC Chief Economist Marci Rossell provided AICPA Council members with advice Wednesday on what to expect in the weeks and months ahead.
Accounting profession continues to zero in on DEI issues
After a year of heightened focus on diversity, equity and inclusion issues, leaders of the accounting profession are continuing in their commitment to make strides in this area. Accountability and transparency related to these issues will be pivotal in the coming years.
Supporting AAPI talent in May and beyond
A diversity, equity, and inclusion consultant explains why DEI should more often be referred to as DEIB. She also offers tips for organizations and individuals to support employees of Asian heritage.
Restaurant Revitalization Fund to stop accepting applications Monday
Restaurants and other eating establishments have until Monday, May 24, at 8 p.m. ET to submit applications to the Restaurant Revitalization Fund (RRF), the SBA announced.
Tips for lease accounting amid financial uncertainty
Many private companies and not-for-profits are adopting new lease accounting standards, and public companies that have adopted the guidance are applying it amid a pandemic-fueled surge in lease renegotiations.
Restaurant Revitalization Fund faces huge funding shortfall
Restaurants and other hard-hit providers of on-site food and beverage have flooded the Restaurant Revitalization Fund (RRF) with $65 billion in grant requests, more than double the amount of money allocated to the program.
SBA sending first $2 billion in Restaurant Revitalization Fund payments
A week after opening the Restaurant Revitalization Fund, the US Small Business Administration is sending out a first round of payments totaling $2 billion to more than 16,000 restaurants and other eligible food and beverage providers.
Excel depreciation advice; risk management lessons learned
Hear more on calculation of depreciation in Excel from a Technology Q&A author, and hear from a risk management expert on what organizations have learned in the past year.
SBA unveils initial Restaurant Revitalization Fund results
The Restaurant Revitalization Fund received more than 186,000 applications from restaurants and other eligible businesses the first two days after its application window opened May 3.
AI presents opportunities for cost optimization in manufacturing
Artificial intelligence and machine learning can drive more efficient operations and more effective growth for manufacturers. Here’s how the technology is being used to monitor for defects, schedule preventive maintenance and improve forecasting accuracy.
SBA stops accepting new PPP applications from most lenders as general funds run out
The SBA has informed lenders that it is no longer accepting new applications from most lenders for the Paycheck Protection Program because the $292 billion program’s general fund is nearly exhausted.
What auditors and audit committees need to know about SPACs
Interest in special-purpose acquisition companies is growing among investors and regulators. The Center for Audit Quality has considerations for auditors and audit committees to keep in mind regarding SPACs.
Government financial planning in a time of uncertainty
Flexibility and the right KPIs can help organizations navigate challenging times.
Tom Hood on leadership and adapting to a role stretch
The Association’s Tom Hood is one of the featured speakers at next week’s CFO Conference. He shares previews on his sessions, leadership lessons, and more in this quick interview.
