November 2020 - Journal of Accountancy

Firms can maximize the benefits of continuing education by creating a process that directs staff to take courses that best meet their own needs and the needs of the firm.

Guidance exists on numerous specific financial reporting issues related to lease concessions, various forms of government assistance, and loan restructurings. Here’s how you can find it.

In an effort to boost audit quality, the AICPA Peer Review Program is monitoring for instances where firms misunderstand the risk assessment standards. Data suggests that auditors need to devote more attention to assessing the risk of material misstatement and designing appropriate procedures.

CPAs must follow proper policies and procedures to avoid state audits and steep penalties caused by noncompliance with unclaimed property regulations.

For a limited time, taxpayers have flexibility for using net operating losses.

Here are the rules for the treatment of negative QBI and some planning ideas for mitigating its effect on the QBI deduction.