Stimulus Checks, Vaccines Fuel Executive Optimism
An AICPA survey finds "a resurgent sense of optimism about the economy overall, despite the deep pain that remains in key sectors and industries."
Execs Fear Harm Without Further Economic Aid
But even amid the current surge in COVID-19 cases, an AICPA survey found executives had an improved outlook on the U.S. economy.
PPP “Loan Necessity” Form Causes a Stir
A questionnaire asking borrowers to justify their $2 million-plus Paycheck Protection Program loans is confusing and burdensome, says the AICPA.
PCAOB to Consider Revising Audit Evidence Rule
The board will assess whether it should change its standard to reflect the growing use of technology-based auditing tools.
Business Optimism Rebounds From Virus Shock
"We’re digging out of a very deep hole of pessimism. Comparisons are still tracking with the years immediately following the Great Recession."
AICPA Calls for Federal Loans Backed by Accounts Receivables
The recommended lending facility would provide loans to small businesses that pledge their future receivables.
Payroll Processors, CPAs Call for Small-Business Support
“Small businesses need to make payroll now — the clock is ticking.”
Private Equity & Venture Capital Valuations Draw Scrutiny
Regulators and standard setters have increasingly turned up the heat on PE and VC managers over the past several years.
FASB Gives Private Companies Breathing Room on Lease Accounting
FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
AICPA Urges Delay of Lease Accounting Rules
FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Execs’ Optimism About Economy Drops to 34%
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.