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Audit
Alexander Smith | 12.14.2020

PCAOB Critical Audit Matter Interim Report (Release No. 2020-002)

Learn more about the Critical Audit Matter Interim Report released by PCAOB and implications for SEC filers

The CPA Evolution

With numerous advancements in technology, as well as expansion of the Internal Revenue Code and modifications to auditing standards, the accounting profession

Reflections from the Recent Employee Benefit Plan Season

Learn more about our thoughts on this recent October 15 deadline and reflections on how the employee benefit plan season was different.

OMB Issues Final 2020 Compliance Supplement

Learn more about the 2020 Compliance Supplement provided by the Office of Management and Budget.
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FASB Proposes Changes to the Definitions of Financial Statement Elements

On July 16, the Financial Accounting Standards Board (FASB) issued exposure draft Concepts Statement No. 8, Conceptual Framework for Financial Reporting,

Schneider Downs’ Construction Practice Ranked Once Again

Last year, Construction Executive (CE) unveiled its inaugural ranking of the Top 50 construction accounting firms. In August, CE released its second annual

New FISAP Instructions Under the CARES Act

On August 3, 2020, the Fiscal Operations Report for 2019-20 and the Application to Participate for 2021-22 (FISAP) instructions became available. The reporting

New EBP Auditing Standards Deferred Due to COVID-19

Learn more about new employee benefit plan auditing standards that are being deferred due to COVID-19.
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Planning for Reference Rate Reform

Learn more about the recently issued ASU 2020-04 the FASB released to provide relief from the impact of reference rate reform and what this means for you.

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.
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