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New EBP Auditing Standards Deferred Due to COVID-19

The COVID-19 outbreak may offer one hidden benefit as we enter the Employee Benefit Plan (EBP) audit season: we’ll have plenty of time to learn about

Planning for Reference Rate Reform

The FASB recently issued ASU 2020-04 to provide accounting relief from the impact of reference rate reform. Reference rate reform is the expected cessation

Part I: Accounting and Financial Reporting Implications of the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27 to address economic instability brought on by the pandemic.
Audit, SOC, Technology
Troy Fine | 4.17.2020

Amazon Web Services (AWS) Best Practices For a Successful SOC 2 Examination

For Software as a Service (SaaS) companies operating in Amazon Web Services’ (AWS) cloud environment, there are a number of AWS best practices that

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PCAOB Releases Staff Spotlight Reminding Audit Firms of Responsibilities During COVID-19 Crisis

Amid the evolving challenges and looming economic impacts of the COVID-19 pandemic, the PCAOB Staff released a Spotlight document reminding auditors of

FASB Votes to Propose Delay of New Revenue Recognition Standards for Franchisors and Lease Standards for All Non-Public Companies and Not-for-Profit Public Business Entities

Acknowledging the disruption caused by the COVID-19 pandemic and the strain it has put on the resources of many organizations, the FASB voted on April

SEC Releases COVID-19 Disclosure Obligations Staff Guidance

As companies continue to face the challenges and economic effects of the COVID-19 pandemic, the SEC Division of Corporation Finance released Topic No.

Talking to Your Bank During These Uncertain Times: What You Should Know

In the midst of the COVID-19 crisis, most businesses are looking closely at cash flows, revised financial models and where to find additional capital.

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SOC 2 + HITRUST vs. HITRUST Certified CSF reports - the Fundamentals

The System and Organization Control (SOC) 2 Type II report is performed for service companies by CPA firms to attest to the design and operating effectiveness

OMB Relief for Recipients of Federal Financial Assistance Due to COVID-19

The Office of Management of Budget (OMB) has issued additional relief to recipients and applicants of federal financial assistance due to the impact of

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