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Audit & Assurance

September 2020 Audit & Assurance Newsletter

New PPP forgiveness guidance addresses owner-employee compensation, rent-related costs

The U.S. Small Business Administration (SBA) and Treasury recently issued an interim final rule addressing Paycheck Protection Program (PPP) forgiveness issues related to owner-employee compensation and the eligibility of nonpayroll costs. read more     – Journal of Accountancy

FASB addresses valuation of private company share-based awards

FASB recently issued a proposal that is designed to make it easier for private companies to determine the fair value of a share-option award on its grant date or modification date. read more     – Journal of Accountancy

More flexibility for agreed-upon procedures

Agreed-upon procedures provide practitioners with an important opportunity to use their skills and training to help clients with engagements that differ from both audits and consulting engagements. read more     – Journal of Accountancy

Consistency sought in sustainability, corporate reporting through global effort

The movement toward a unified global approach to sustainability accounting standards and comprehensive corporate reporting took a step forward Friday with the support of leading global organizations. read more     – Journal of Accountancy

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