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The New Auditor’s Report is Coming! The New Auditor’s Report is Coming!

There is a new auditor’s report coming for the 2021 engagements! Here are some highlights: The order of the paragraphs has been rearranged with the report leading with the Opinion. […]

Internal Control Communications Build the Relationship and Trust with a Client

Auditors are required to gain an understanding of the internal control environment at the client (which is not an audit of internal controls) in order to identify and assess the […]

Bottom Line it For Me – What do I need to know about LIBOR going away?

When is this really happening? For most loans and interest rate swaps you have some time. By the end of 2021, only the one-week and two-month USD London Interbank Offered […]

Nearly A Year After the CARES Act, should Plans still CARE?

2020 was a very unique year that presented many new challenges. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed to provide fast […]

AICPA Communicates with SBA on Errors and Communication and Anxiety!

Small businesses are facing challenges during this most recent round of applications for Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans. As members of the AICPA, we are […]

Important Factors When Contesting 2021/22 Tentative Assessed Property Value

Contributing: Shirley Hu, CPA and Allesan Palumbo, CPA As property owners and operators prepare applications to contest their 2021/22 Tentative Assessed Property Value with the New York City (NYC) Tax […]