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The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.
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AICPA introduces SOC for Supply Chain reporting framework →
| | By Michael Cohn 2 min read
| | The American Institute of CPAs has debuted SOC for Supply Chain, a risk management reporting framework that CPAs can use to provide assurance services as they face risks in their supply chain ranging from coronavirus to trade to other threats. | |
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Ex-Puerto Rico officials and BDO partner charged in corruption probe →
| | By Michael Deibert and Michelle Kaske 3 min read
| | Two former Puerto Rico officials, along with the head of an accounting firm and three others, were indicted over allegations of theft, money laundering and wire fraud, escalating federal investigations that have been swirling around the bankrupt U.S. territory. | |
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