The AICPA Auditing Standards Board (ASB) has extended the comment deadline on its quality management exposure draft to Aug. 31 from June 11. In February, the ASB issued the ED of three interrelated proposed standards that are designed to bring important changes to the way firms manage quality in their accounting and auditing practices. The […]
How hiring practices have shifted as a result of the pandemic
A year after the start of the coronavirus pandemic, many companies are more comfortable with remote work — so much so that some are changing their hiring practices to recruit workers who live hundreds or thousands of miles away. Eliminating geographic boundaries in hiring can be a great way to find in-demand skilled workers, experts […]
Which bank offers ★ Highest Interest on Savings Account in India ★
As of today most big banks like SBI, ICICI Bank, Union Bank of India, Punjab National Bank (PNB) offer less than 3% interest on savings account. Until October 2011, all banks had to offer minimum interest of 4%. However Reserve Bank of India deregulated the interest offered on Savings Account by banks in October 2011 with […]
AICPA recommendations on Q1 estimates and 2020 Form 709 extensions
The AICPA on Thursday released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals. The postponement, announced by the IRS in March (see Notice 2021-21), applies to any individual who files a federal individual income tax return on Form 1040, 1040-SR, 1040-NR, 1040-PR, 1040-SS, or […]
Shuttered Venue Operators Grant program closes for repairs on its opening day
The ODA based its audit plan for SVOG on the risk levels shown in the table above, the OIG’s report said. The ODA plan mandates audits of all $10 million grants and also requires recipients of grants with multiple payments to submit documentation showing how they spent the funds prior to receiving the next installment. […]
Best FCNR Deposit Rates for US Dollars ★ April 2021
FCNR Deposit (Foreign Currency Non Resident) account is a fixed deposit account offered by banks in India to non resident Indians (NRIs) and is operated in foreign currency. These are quite popular investments for NRIs because of the higher interest rate offered by banks in India as compared to their country of residence. For e.g. […]
Cloud technologies necessary to ride wave of economic growth for accounting practices – AccountantsDaily
Over the past 12 months, accounting practices have been on a tremendous journey, navigating their way through the uncharted territory of a global pandemic, while managing unprecedented complexity and risk in an ever-changing regulatory environment. Accountants worked tirelessly, with many taking on the role of counsellor, not only providing advice in a volatile and ever-changing […]
Increase Efficiency With a Routine Supplier Evaluation
As a business owner, you likely evaluate your employees’ performance from time to time. But, your employees aren’t the only ones you should be assessing. If you have suppliers you go to for inventory and materials, you need to evaluate their performance, too. To learn more about supplier evaluation and how to evaluate a supplier, […]
10.20% Muthoot Fincorp NCD ★ April 2021 ★ Review
Muthoot Fincorp Ltd, has come out with public issue of non-convertible debentures (NCD) – Muthoot Fincorp NCD offering up to 10.20% interest rate and opens for subscription from April 7, 2021. This post is about Muthoot Fincorp NCD Review. Muthoot Fincorp Ltd is a non-deposit taking NBFC (non-banking finance company). The NBFC is focused on […]
How a Transfer Student Excelled in Accounting and Launched Career Success | Chapman Newsroom – Chapman University: Happenings
As a transfer student, Argelia Diaz Orozco wasn’t sure how quickly she’d be able to step into the momentum and life of Chapman University and her program of choice – the Bachelor of Science in Accounting. She needn’t have worried. An orientation program for transfer students answered her questions. In addition, the career office staff […]