The Securities and Exchange Commission’s increasing scrutiny of special purpose acquisition companies and guidance on how to account for warrants are slowing deal activity for firms.
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Audit & Accounting
April 26, 2021
Upcoming Events April 26, 2021
SEC warnings on SPACs dampen deals, boost accounting services
By Michael Cohn      7 min read
The Securities and Exchange Commission’s increasing scrutiny of special purpose acquisition companies and guidance on how to account for warrants are slowing deal activity for firms.
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Ex-Deloitte auditor faces disciplinary action over Steinhoff
By Janice Kew     2 min read
A former audit partner is facing disciplinary action in the Netherlands for an improper audit prior to the South African retailer’s near collapse more than three years ago.
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PCAOB strikes deals with Belgian and French audit overseers
By Michael Cohn     3 min read
The pacts expand the audit firm inspector's reach across Europe.
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ASC 842 – it’s time to get ready
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IRS offers safe harbor for claiming PPP loan deductions
By Michael Cohn     3 min read
The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.
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Bill offers tax credits to businesses owned by women, POC
By Michael Cohn     4 min read
The legislation aims to reduce inequality by giving more entrepreneurs access to capital through tax incentives.
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