Manufacturing activity increases for third consecutive monthThe manufacturing sector continued to dig itself out of its deep hole in July, lifted by a continued surge in new orders and production.
NAIC INT 20-08 revisions: Limited-time exception and enhanced disclosures for COVID-19
INT 20-08 provides insurance carriers a limited-time exception — and requires enhanced disclosures — for discretionary payments to policyholders for COVID-19-specific issues. Here’s what you should know about the updated guidance.
PPP loans: What financial institutions need to know related to accountingIf you gave out PPP loans, you may be wondering how to account for them. While FASB hasn’t issued guidance, the AICPA released technical Q&As to help guide you. We break them down here.
Q2 GDP declined by 32.9%The speed at which the economy shut down in March and the magnitude of the drop was breathtaking in real time. The record-shattering decline of 33% is no less shocking on the surface, its impact mitigated only because it was expected.
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