Issues related to CPA involvement with PPP loans

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Issues related to CPA involvement with PPP loans

Kristy Illuzzi Jim Brackens CPA, CGMA

2 years ago · 9 min read

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Center for Plain English Accounting, the AICPA’s National A&A Resource Center. Special Report April 22, 2020

The CPEA has received several questions regarding CPAs assisting clients with applications, including working as Agents under the definition of the CARES Act and the Paycheck Protection Program (PPP), which provides forgivable loans to help small businesses cover fees including payroll, mortgage expenses, rent, and utilities.

We know there is frustration around providing services to small business clients as they apply for PPP loans

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Topics

Accounting & Financial Reporting

Audit & Assurance

Small Business Resiliency

Subtopics

COVID-19: Accounting & Reporting

COVID-19: Audit & Assurance

Relief Programs

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