NSAC Happenings and Latest News - Page 51
Homeland Security Warns Over "Wormable" Windows 10 Bug
Homeland Security’s cybersecurity advisory unit is warning Windows 10 users to make sure that their systems are fully patched, after exploit code for a “wormable” bug was published online last week. The code takes advantage of a security vulnerability patched by?Microsoft??back?in March. The bug caused confusion and concern after details of the “critical”-rated bug were?initially published but quickly ...
Read MoreCOSO Provides New Guidance on Risk Appetite
Risk appetite plays an important role in organizational success and should be considered carefully by leaders as they make strategic decisions. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published?new guidance?on risk appetite focusing on how organizations can promote risk appetite as a key factor in decision-making. “Risk appetite is a fundamental part of setting strategy and ...
Read MoreAICPA Releases Info on Accointing for Forgivable PPP Loans
The American Institute of CPAs has released some guidance on how to account for forgivable loans under the Small Business Administration’s Paycheck Protection Program. The PPP was included as part of the CARES Act that Congress passed at the end of March and provides SBA-backed loans to businesses to help them deal with the fallout from the COVID-19 pandemic and encourage them to retain their employees. The loans are ...
Read MoreFASB Defers Effective Dates of the New Revenue and Leases Standards for Certain Entities
The FASB deferred by one year the effective date of the new revenue standard for entities that have not yet issued (or made available for issuance) financial statements reflecting the adoption of the standard. The FASB also deferred by one year the effective date of the new leases standard for private companies, private not-for-profit (NFP) entities and public NFPs that have not yet issued (or made available for issuance) financial statements ...
Read More10 Tips for Working from Home
A crisis is often an accelerator, and businesses are learning that people can be productive working from home. Unfortunately, most companies were not ready for “stay at home orders.” In a recent survey, over 80 percent of companies said that their remote workers were performing better than anticipated. Sadly, many businesses and firms were not prepared and learned that mindsets, skill sets and toolsets are essential when it comes to ...
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