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James L. Noteman, CPA

Recognizing Revenue and Expenses: What Counts in 2020 vs. 2021

December 2, 2020

As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for..

Why is It Important to Meet Face-to-Face with Your Auditor?

October 13, 2020

Remote audit procedures can help streamline the audit process and protect the parties from health..

ARE COVID-19-RELATED LOAN MODIFICATIONS SUBJECT TO TDRs?

September 24, 2020

Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from..

3 Assumptions About Late Financial Statements

September 17, 2020

Many companies are struggling as a result of shutdowns and restructurings during the COVID-19..

Is an Audit the Right Option for Your Business Today?

September 3, 2020

The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements..

Reporting Embedded Leases for Private Companies and Nonprofits

August 18, 2020

In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major..

THREE CHALLENGES OF REMOTE AUDITING DURING COVID-19

August 12, 2020

Many people are currently working from home to help prevent the spread of the novel coronavirus..

How to Account for Cloud Computing Arrangements

August 4, 2020

The costs to set up cloud computing services can be significant, and many companies would prefer..

COVID-19 Crisis Could Warrant Interim Impairment Testing

July 21, 2020

Some companies are expected to report impairment losses in fiscal year 2020 because of the COVID-19..

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