The Paycheck Protection Program (PPP), created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, authorized loans to certain businesses affected by the COVID-19 pandemic. If businesses use their PPP loans for certain qualified business expenses, then some or all of the loan may be forgiven, subject to certain tests. […]
Archives for December 2020
As Modern Mobile Enables Remote Work, It Also Demands Security
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The Future of ESG Is … Accounting? – Harvard Business Review
Executive Summary Companies, investors and consumers alike are frustrated by a lake of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board (IASB) in setting financial reporting requirements for most […]
The Future of ESG Is … Accounting? – Harvard Business Review
Companies, investors and consumers alike are frustrated by a lake of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board (IASB) in setting financial reporting requirements for most companies in […]
Kitces & Carl Ep 48: Why Goals-Based Planning Doesn’t Work And The Possibilities-Based Planning Alternative
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Practitioners provide new transparency through critical audit matters
Auditors’ reports on public company financial statements are providing users with a better understanding of company financial information as a result of newly required reporting on critical audit matters, according to a new report by the Center for Audit Quality (CAQ). The CAQ, which is affiliated with the AICPA, found that the early trends associated […]
U.S. tops ‘unfathomable’ milestone of 100,000 Covid hospitalizations: ‘We’re all on edge’
Medical staff members prepare to perform a percutaneous tracheostomy procedure on a patient in the COVID-19 intensive care unit (ICU) during Thanksgiving at the United Memorial Medical Center on November 26, 2020 in Houston, Texas. Go Nakamura | Getty Images More than 100,000 people are currently in hospitals across the U.S. sick with Covid-19, as […]
LPL will buy Waddell & Reed’s wealth management business for $300M
LPL Financial plans to acquire Waddell & Reed’s wealth management business for $300 million. The purchase is part of a larger deal for Macquarie Group, Australia’s largest investment bank, to acquire Waddell & Reed for $1.7 billion to expand its presence in U.S. asset management. Following completion of the deal, Macquarie will sell the wealth […]
Biden tech advisor: Hold social media companies accountable for what their users post
U.S. Vice President Joseph Biden arrives for a meeting with his Chief of Staff Bruce Reed (L) June 22, 2011 on Capitol Hill in Washington, DC. Win McNamee | Getty Images A law protecting the tech industry from being held liable for their users’ posts is on shaky ground as President-elect Joe Biden prepares to […]
Bill forcing Chinese firms to meet U.S. accounting standards passes Congress – CNBC
The U.S. House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country’s auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office. The measure passed the House by unanimous voice vote, after passing the Senate unanimously […]