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Audit Article FASB eliminates TDR accounting for lenders while enhancing disclosures 20 May 2022
In response to feedback received as part of its post-implementation review of ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of
Tax Article Updates for the Opportunity Zones program are on the horizon 12 May 2022
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
Tax Alert Sales and Use Tax Exemption on articles for the preparation for the hurricane season 11 May 2022
On May 6, 2022, the Governor of Puerto Rico signed Act 20, 2022. Act 20, 2022 provides an exemption from the Sales and Use Tax (SUT) during the last weekend
Audit Article Effective dates of FASB ASUs 21 Apr 2022
Accounting pronouncements issued as of March 31, 2022.
Tax Article Are you looking to start a business in Puerto Rico? 18 Apr 2022
Read this to know what to do and where to file.
Advisory Article Upgrade your data governance 18 Apr 2022
To effectively use and control data, businesses need effective data governance. The journey to effective data governance requires each business to identify its
Audit Article AICPA standard on employee benefit plans now effective 29 Mar 2022
In July 2019, the AICPA’s Auditing Standards Board published Statement on Auditing Standards 136, Forming an Opinion and Reporting on Financial Statements of
Tax Article Key Tax Credits Available on the 2021 Puerto Rico Individual Income Tax Return 22 Mar 2022
There have been significant changes regarding the tax credits available for taxpayers for tax year 2021.
Advisory Article Who will mind the models? 18 Mar 2022
Strategies for Deploying Model Risk Management.
Advisory Alert Increase preparedness for Cybersecurity attacks 10 Mar 2022
In the recent events between Ukraine and Russia, the government and private organizations observed an increase in cybersecurity attacks that has been mostly
Unlock Unlock Puerto Rico 21 Feb 2022
If you are looking for alternatives to expand your current operations or investment opportunities, now is the time to bring Puerto Rico at the front and
Audit Article Navigating ASC 606 and 340-40 14 Feb 2022
In May 2014, the FASB and the IASB published their largely converged standards on revenue recognition—ASU 2014-09 and IFRS 15, both titled Revenue from
Advisory Article The smart approach to intelligent automation 14 Feb 2022
As organizations streamline and adapt, the once-distant promise of business automation is delivering real results and defining tomorrow’s top competitors.
Tax Article A second look at the Incentives Code 11 Feb 2022
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”).
Advisory Article How internal audit can fortify cybersecurity 25 Jan 2022
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
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