NSAC Happenings and Latest News - Page 55
8 Questions Employers Should Ask About Coronavirus
The coronavirus outbreak that originated in Wuhan, China has spread to at least 65 countries and has sickened more than 89,000 people, with more than 3,000 deaths. Governments have shut borders and imposed quarantines, and companies have imposed travel bans. The human and economic impacts on businesses have been stark. This epidemic is a wake-up call for companies to carefully review the strategies, policies, and procedures they ...
Read MoreThe Leader's Guide To Managing COVID-19 Panic
While it's not yet clear the extent to which COVID-19 will take its toll on our collective epidemiological, social, and economic health, it’s becoming very clear that people are frightened and businesses are preparing for down-side scenarios. If you are a business leader asking the tough questions about how resilient your business is, I suggest we start with a more foundationally important question: How resilient are your ...
Read More35 Questions for Coronavirus Planning
It’s reasonable to be concerned about the spread of the coronavirus worldwide. But it’s not the time to panic, especially for organizations, said Jennifer Elder, CPA/CFF, CGMA, a consultant and author. Business leaders should be proactive in putting emergency plans in place: for employee well-being, business continuity, remote working, and other areas. “It’s not just about you and your business,” Elder, the ...
Read MoreIRS Provides Guidance for April 15 Filing Delay
The IRS officially announced that, because of the ongoing coronavirus pandemic, tax returns due April 15 will not have to be filed until July 15 this year. Notice 2020-18 was released hours after Treasury Secretary Steven Mnuchin had broken the news in a tweet. The AICPA expressed its thanks to Treasury and the IRS for the filing extension and to its members and the state CPA societies for their outreach to federal legislators and ...
Read MorePutting Financial Revisions and Restatements in Perspective
The state of the capital markets, and ultimately, corporate reporting, impacts every person in unique and significant ways — as consumers and investors. And no one cares more about the integrity and quality of corporate reporting more than the public company auditing profession, recognizing that financial revisions and restatements are indicators of audit quality. For nearly two decades, the story told by those indicators has been ...
Read More