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Accounting and Auditing Update

Over the last four months

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.

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AICPA Guidance for PPP Lenders

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

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AICPA Issues Guidance on Performing Third-party Assessment Engagements

The AICPA issued new non-authoritative guidance in January 2021 for CPA firms that perform third-party assessment engagements

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Using Data Analytics to Transform Audits

Technology continues to advance rapidly, but audit procedures are in many ways the same as they’ve always been. New technologies can create opportunities for auditors to improve audit quality and efficiency.

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2021 Past Issues

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