Employee benefit plan sponsors and their auditing firms need to begin preparing for the adoption of Statement on Auditing Standards No. 136 (SAS 136), Forming an Opinion and Reporting on Financial...
On June 16, 2021, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) related to the Leases standard (Topic 842). The proposed ASU would improve...
Privacy in the age of modern technology is a major concern for individuals and, moreover, is the focus of laws and regulations directed at organizations that use personal data. The fast-moving...
We find ourselves years into the implementation of Title 2 Code of Federal Regulations (CFR) 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards...
COVID-19, the economy, and political shifts have resulted in tumultuous times for many nonprofits. Organizational resilience depends heavily on securing funding, and organizations are seeking out...
HHS Issues Revised Notice of Reporting Requirements and Reporting Timeline for Recipients of Provider Relief Fund Payments The Provider Relief Fund (PRF) Reporting Portal is now open. Providers...
As state and local governments look for new ways to stimulate their economies, incentivize employment and keep businesses afloat, the pressure for states to generate additional tax revenue...
The Federal Reserve announced a new tool to help community banks implement Current Expected Credit Losses (CECL) accounting standard. Earlier this morning, the Federal Reserve announced plans to...
Here come the child tax credit payments: What you need to know The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million...
Preparing for Potential Tax Increases Under the Biden Administration The Biden Administration’s American Families Plan and other tax proposals may complicate the tax landscape for high-income...