After receiving over 2000 letters related to the Main Street Lending Program, the Federal Reserve and Department of Treasury announced significant improvements to the program.

What an extraordinary time to be recognizing Internal Audit Awareness Month. Changes have been rapidly taking place, yet one thing has remained unchanged: Internal Audit’s mission to protect and..

The past months have proven that this is an unprecedented time for the way we conduct business in a global economy. As economic conditions remain uncertain, companies are looking for strategies to..

In times of economic uncertainty (such as the one created by COVID-19), one of your organization’s most important considerations is undoubtedly cash and, by extension, accounts receivable. If cash..

As lenders got their transmission websites up and running, the Paycheck Protection Program (PPP) went from a trickle to a flood of applications. While initial funding was fully committed, new..

During periods of uncertainty, executive leadership should exercise caution when considering investments and overall financial health. This is why now, more than ever, organizations have become..

One of the challenges facing organizations during this pandemic is the completion of standard close procedures and audit preparation with a fragmented team. In general, it is not uncommon for..

A pandemic is not only a health crisis, but also brings with it an enormous economic disruption that society must manage through. Apart from healthcare, central banks and the government play a..

When faced with economic disruption, organizations may look to business functions that are usually considered cost centers, including cybersecurity, as an opportunity for cost reduction. Whether..

The Federal Government continues to refine this program to ensure funds find their way to small businesses to cover payroll costs over the next two months. 

Most people know the basics by now but here is a recap. Under Title I of the CARES Act, small businesses can get a loan from an SBA lender in the amount of 2.5 times their monthly payroll, up to..

When it comes to accounting and financial operations for small- and medium-sized businesses, running a SaaS business model can be a challenge — which is amplified if you don’t have the right..

As lenders are continuing to deal with the high volume of loans under the Small Business Association’s (SBA) Paycheck Protection Program (PPP), they must also now look at how to plan for the..

When emerging from a financial crisis, executives must consider the ability of a scaled-back organization to execute strategic growth. They will ponder how to transition the business from plateau..

How is it possible to estimate expected credit losses over the contractual life of financial assets in an environment that drastically changes day-by-day? In the three months since CECL became..

On April 10, 2020, the Financial Accounting Standards Board (FASB) released a Staff Q&A to provide guidance surrounding the accounting for lease concessions granted by landlords as a result of the..

COVID-19 is creating a dramatic impact on the United States healthcare system and likely will continue to do so for a significant part of the year. Its spread has created unique challenges for..

“Did you hear that the government is giving out free loans that don’t need to be repaid? Sign me up – twice.”