Aug 11, 2020 | Audit, HNWI, Tax
Last month, the commissioner of the Large Business and International division of the Internal Revenue Service (IRS) announced plans to increase audits on high net worth individuals. The examinations are expected to target several hundred individuals with assets or...
Jul 6, 2020 | Audit, Center for Public Company Excellence, Public & Investor Backed
On June 23, 2020, the Securities and Exchange Commission (“SEC”) issued additional guidance on disclosures that companies should consider with respect to the impact of COVID-19. As companies are making changes in response to business disruptions and economic downturn...
May 22, 2020 | Audit, Nonprofit, Nonprofit organizations
In recognition of the extraordinary business climate resulting from the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) is providing relief from implementation of two major accounting standards for private companies and not-for-profit (NFP)...