It has become increasingly common to hear investors and stakeholders request environmental, social and governance (ESG) information from companies to assist them in assessing a company’s performance. Many large companies have responded by delivering this information to stakeholders for further consideration. In 2020, 92% of the S&P 500 companies and 70% of the Russell 1000...

We have breathed life back into our client peer group database, including current year information and some past years. The database tracks 26 key ratios and 18 different gross margins (as ¢ per unit or % of sales) for commodities and products sold. We have several ways to build out your peer group, including states,...

In July 2019, the AICPA issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Report on Financial Statements of Employee Benefit Plans Subject to ERISA, which prescribed certain new performance requirements for financial statement audits of ERISA employee benefit plans and changed the form and content of the related auditor’s report. This...

On June 5, 2020, President Trump signed into law the PPP Flexibility Act of 2020. This amends the PPP giving borrowers more freedom or flexibility in spending the PPP funds and retaining the possibility of full forgiveness. Some key takeaways are as follows: + Forgiveness period was increased to 24 weeks, up from 8 weeks,...

You have received your loan proceeds under the Paycheck Protection Program (PPP)…what’s next?  The information below is based on what we know today, but we also expect further clarity and guidance in the weeks to come.  Your covered period begins on the date you receive your funds and lasts for the 8 weeks following.  At...

Reverse-mentoring isn’t a new concept, nor is it widespread, though many companies could benefit from such a program. Pioneered at General Electric some two decades ago, the basic concept is that younger employees have a lot to teach older ones about work-related matters. In some corners of the business world, the idea is broadened to encompass...