This article originally appeared in PR Underground.
2021 audit season will most likely be the most challenging ever.
Between ongoing client needs, newly formed remote working teams, and additional workplace safety measure, prioritizing PPP loans, managing audit fee pressure, cybersecurity concerns and new tax regulations, CPAs have a lot to work through this tax filing season.
As if this wasn't enough, the implementation of ASC 842 for non-public clients with fiscal years starting after December 15, 2021 kicks into gear.
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