A new AICPA report provides nonauthoritative guidance addressing frequently asked audit and accounting questions related to the coronavirus pandemic. The report, Audit Matters and Auditor Reporting Issues Related to COVID‐19, has been compiled to aid (1) practitioners performing audit engagement during these uncertain times; and (2) preparers of financial statements. The guidance does not apply […]
Archives for 2020
How to find CIF Number of SBI in Passbook?
CIF Number or CIF Code is a widely used terminology in banking. So what is CIF Number and what is the use of CIF Number? In this post, we will discuss CIF number in detail. We will also look at the process to find CIF number in SBI Passbook and Chequebook. In this article, you […]
Using Economic Injury Disaster Loans (EIDLs) And Payroll Tax Breaks To Supplement (Or Replace) Paycheck Protection Program Loans
Executive Summary Last month, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress, introducing a $2 trillion emergency fiscal stimulus package to provide relief to individuals, businesses, healthcare providers, and government entities from the economic damage resulting from the Coronavirus pandemic. While many advisors have become intimately familiar with the $349 […]
Vedantu raises $12.5 million from Legend Capital, Omidyar
Education technology platform Vedantu has raised Rs 96 crore (about $12.5 million) as part of its Series C1 round, led by Chinese venture capital firm Legend Capital, with participation from Omidyar’s Ohana Holdings LLC. The investment follows a $42 million fund infusion led by Tiger Global Management in August last year, followed by a $24 […]
Coronavirus lockdown hurts small online sellers
Illustration: Rahul Awasthi Surat-based Aarti Sharma (name changed), who sells garments through a social media platform and typically earns Rs 10,000 on average each month, has not shipped any order in the last three weeks. Five of the orders that she had shipped are stuck at warehouses in Mumbai and Calcutta, while two others are […]
WhatsApp Axes COVID-19 Mass Message Forwarding
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
Oyo to furlough employees in US, other markets
Oyo Hotels & Homes said it will place an undisclosed number of employees on furlough and temporary leaves, highlighting the struggles of the company amid the Covid-19 pandemic. The decision will largely affect employees working in the United States and “select other markets”, it said in an official statement. The company did not disclose the […]
Alibaba invests $50 million in BigBasket’s bridge round
Illustration: Rahul Awasthi E-grocer BigBasket is learnt to have picked up $50 million from its existing investor Alibaba as part of a bridge round, two people in the know said, at a time when the online grocery market is seeing unprecedented demand during a nationwide lockdown due the Covid-19 crisis. A bridge round is an […]
AICPA posts 20 FAQs on tax filing relief
Based on member feedback, the AICPA has identified seven key areas in need of immediate tax relief and has posted 20 FAQs on the latest developments in taxpayer relief during the COVID-19 pandemic. The AICPA has been advocating for more comprehensive relief from Treasury and the IRS and also continues to urge the agencies to […]
Novavax to start human trial for novel coronavirus vaccine
(Reuters) – Novavax Inc (NVAX.O) said on Wednesday it had identified a novel coronavirus vaccine candidate and would start human trials in mid-May. The Maryland-based late-stage biotechnology company said its Matrix-M adjuvant would be used with the vaccine candidate – NVX-CoV2373 – to enhance immune responses. Adjuvants are mainly used to enable a vaccine to […]