AICPA’s testimony before Congress
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AICPA’s testimony before Congress

1 month ago · 6 min watch

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Watch as the AICPA’s vice president for Firm Services, Lisa Simpson, CPA, CGMA, testifies before the U.S. House of Representatives Committee on Small Business. Simpson raises numerous concerns with the program, including:

  • Extending the application deadline by at least 60 days

  • Application validation errors and hold codes that are difficult to decipher and resolve

  • Delayed SBA guidance

  • Changes in the maximum loan amount for Schedule C filers

In response to a question, Simpson commented that the problems lenders and borrowers

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