The novel coronavirus (COVID-19) pandemic has adversely affected the global economy. Companies of all sizes in all industries are faced with closures of specific locations or complete shutdowns; employee layoffs,
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27. Among other economic relief measures, the new law allows large public banks to temporarily
Efforts to contain the spread of the novel coronavirus (COVID-19) have led to suspension of many economic activities, putting unprecedented strain on businesses. The Securities and Exchange Commission (SEC) recently
Thanks to the Internet and social media, we are bombarded daily with all kinds of information. As a result, most people prefer clear, concise snippets of data over lengthy text.
The Coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. You also may be worried about how it will affect your business
Traditionally, audit procedures for private companies tend to focus on the balance sheet. That is, auditors evaluate whether the book values of the company’s assets are overstated and its liabilities
Accounts receivables are classified under current assets on the balance sheet if you expect to collect them within a year or within the operating cycle, whichever is longer. However, unless
The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and non-profits), it is important to know the possible effects on
Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents and comparing trends from prior years, they may reach out
Roughly half of chief financial officers (CFO) believe an economic recession will hit by the end of 2020, and about three-quarters expect a recession by mid-2021, according to the 2019
