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September 2021

When It Comes to the Debt Forgiveness Rules, Is All Really Forgiven? (Part 1)

As creditors respond to the recent economic downturn with debt forgiveness, there are tax implications that should be considered. Learn more about commercial debt obligation and the impact it may have on certain organizations.

Why Your Company Needs Organizational Controls to Address Pandemic-Related Vulnerabilities

Organizations have adjusted their workforce to accomodate a remote workforce and other pandemic-related changes, and as a result a number of oversight activities that are essential for proper functioning have fallen by the wayside.  Learn about the organizational controls your company should consider to limit your exposure to new threats or compounding existing vulnerabilities.

Amendments to Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement

Changes to the financial instrument section in ASPE that relates to mandatorily redeemable shares issued in a tax planning arrangement (ROMRS) can potentially have a dramatic impact on the balance sheet. Learn more about the changes you should be aware of now, instead of at the end of an audit engagement.