Centri News & Insights

06/08/2020

SBA Releases PPP Loan Changes

On June 5, 2020, President Donald Trump signed the Paycheck Protection Program...

06/02/2020

Outsourced Accounting Considerations

As the economy slowly recovers from COVID-19, small businesses will face a...

05/27/2020

FASB Approves Deferral of Leasing and Revenue Standards for Certain Private Companies

At its May 20, 2020 meeting, the FASB voted to approve the...

05/26/2020

ICFR Considerations for Smaller Reporting Companies for Management

In March 2020, the Securities Exchange Commission (SEC) amended its rules to...

05/20/2020

Internal Control Implications on Going Concern Analysis

In accordance with ASC 205-40, at each annual and interim reporting period,...

05/20/2020

SBA Releases PPP Loan Forgiveness Application

On May 15, 2020, the Small Business Administration (SBA) released the Paycheck...

04/26/2020

COVID-19 Impacts on Going Concern Assessments

In accordance with ASC 205-40, in preparing financial statements for each annual...

04/24/2020

Additional Funding to the Paycheck Protection Program

On April 24th, President Trump signed the $484 billion Paycheck Protection Program...

04/14/2020

Changes to Lease Accounting Due to the Coronavirus Disease (COVID-19)

The Financial Accounting Standards Board (FASB) has been actively involved in evaluating...

04/14/2020

The Importance of High-Quality Financial Reporting & Disclosure in the Age of COVID-19

Considerations Companies, investors, analysts and regulators are all closely monitoring the financial...

04/09/2020

Understanding the CARES Act and SBA Loan Program

As we all continue to navigate a world impacted by COVID-19, it...

04/03/2020

Accounting, Reporting and Other Internal Control Considerations Resulting from the Coronavirus Outbreak

The 2019 Novel Coronavirus infection (‘coronavirus’) or ‘COVID-19’ outbreak poses a serious...