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Heads Up — Accounting and reporting considerations for forgivable loans received by business entities under the CARES Act’s paycheck protection program

Published on: 15 May 2020

This Heads Up discusses accounting and reporting considerations for business entities that receive Paycheck Protection Program loans that may be forgivable under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

This issue was updated on May 15, 2020, to reflect additional guidance issued by the Small Business Administration and discussions with the SEC staff associated with the CARES Act.


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