
Accounting and Auditing Update
Over the last four months

Audit Planning Considerations as COVID-19 Pandemic Continues
As auditors begin to plan for 2021 year-end audits in year two of the pandemic, and global economic and health issues continue to evolve, there are numerous factors

Engagement Letters for Single Audit and Yellow Book Engagements
The 2021 edition of the AICPA’s Audit Guide, Government Auditing Standards and Single Audits (GAS/SA Audit Guide).

FASB Seeks Feedback on Future Standard Setting
The FASB staff issued an Invitation to Comment (ITC) on June 24, 2021, to request feedback about its future standard-setting agenda.

AICPA Guidance for PPP Lenders
The CARES Act, as amended, established the Paycheck Protection Program (PPP), which provided loans to help small businesses.