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As the Opportunity Zones program’s needs evolve, new US legislation is underway to meet the program’s intended results and unleash the full potential for economic development that the Opportunity Zone Program can provide to communities.

Accounting pronouncements issued as of March 31, 2022.

Read this to know what to do and where to file.

To effectively use and control data, businesses need effective data governance. The journey to effective data governance requires each business to identify its unique considerations, roles and rules that inform its principles of value and security.

In July 2019, the AICPA’s Auditing Standards Board published Statement on Auditing Standards 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, which was originally effective for audits of financial statements issued by employee benefit plans subject to ERISA of 1974 for periods ending on or after Dec. 15, 2020.

Strategies for Deploying Model Risk Management.

In the recent events between Ukraine and Russia, the government and private organizations observed an increase in cybersecurity attacks that has been mostly used to target organizations in Ukraine and that may spread to other countries.

As organizations streamline and adapt, the once-distant promise of business automation is delivering real results and defining tomorrow’s top competitors.

It’s been more than 2 years since the enactment of the Incentives Code in Puerto Rico, approved on July 1, 2019 (“Act” or “Code”).

When you’re trying to stay a step ahead of ransomware attackers, adjusting your organization’s cybersecurity profile can start to seem like an endless game of whack-a-mole.

Real property tax debtors have been granted an amnesty to pay certain debts on or before June 30, 2022, at a discount.

The FASB recently issued ASU 2021-09, Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities, which allows lessees that are not public business entities to apply the existing risk-free discount rate expedient by class of underlying asset rather than to all leases.

After leaping back strongly from the darkest days of the pandemic, the global mid-market could only manage a small additional step forward in the second half of 2021.

When you can quickly forecast liquidity and be agile, you will help your organization see its runway during a crisis - a critical area to understand - and anticipate when you might run out of cash.

The FASB recently issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which aims to provide increased transparency by requiring business entities to disclose information about certain types of government assistance they receive in the notes to the financial statements. ASU 2021-10 also adds a new Topic—ASC 832, Government Assistance—to the FASB’s Codification.

The Puerto Rico Workers’ Compensation Insurance Policy (CFSE by its Spanish acronym) establishes the payment of the preliminary premium in two semesters. It is the employers’ responsibility to comply with the payments within the dates established in order to maintain the validity of the current policy.