The pandemic has developed high stakes for internal auditors to adapt to changing rules and cyberattacks are becoming increasingly more sophisticated.
Case Study – Borgwarner
The SEC stated that Borgwarner is a motor vehicle parts manufacturer in Michigan materially misstated financial statements by failing to account for
IRS Regulations and Other Guidance on Business Interest Expense Limitation
A business interest expense is the cost of interest on a business loan used to maintain business operations or pay for business expense. Read Sec.
Coronavirus Impact on State and Local Tax Landscape
Sales and use tax consequences impacts remote employees and the nation’s battle to cease the spread of coronavirus cases. The federal statutory
Judgement guidance for CPA to navigate pandemic-related challenges
Lease Concessions • Lessor or lessee can elect to apply or not apply guidance to
Summary of Tax Rules for Liquidating Companies
Liquidations occurs when a company is closing because it cannot pay its bills or the value of the business assets is less than its liabilities. For
Secure These Four Accountancy Skills
The AICPA launched the CPA Evolution Initiative which includes skills needed for accountants.
Biotech Properties Draw Billions of Dollars as Other Real Estate Languishes
Covid-19 is clobbering hotels, shopping centers and senior housing communities. But the pandemic is providing an extra boost to landlords
FASB ASC Topic 606 Framework for Auditing Contracts, Revenue Recognition
Public and private companies that enter contacts with customers to transfer goods or services or non-financial assets should carefully follow FASB ASC