by MCCITStaff | Jun 30, 2020 | Business Planning, News
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can promote “risk appetite” as part of decision-making. It’s especially relevant in today’s uncertain marketplace. Digesting the New Guidance...
by MCCITStaff | Jun 25, 2020 | Nonprofit
There are many ways for a nonprofit organization to lose its tax-exempt status — including participating in lobbying and campaign activities, receiving excessive unrelated business income and allowing board members to financially benefit from their positions. But the...
by MCCITStaff | Jun 23, 2020 | Business Planning, News
Some companies are expected to report impairment losses in fiscal year 2020 because of the COVID-19 crisis. Depending on the nature of your operations and assets, the pandemic could be considered a “triggering event” that warrants interim impairment testing. Examples...
