AICPA Issues Technical Q&A Related to the Paycheck Protection Program
August 31, 2020
The AICPA has issued Technical Q&A Section 2130.45, “Accounting for Loan Repayment or
Forgiveness by the SBA,” which provides guidance on the accounting for a “portion of
a loan that is eligible for forgiveness during the settlement process, including the
time period subsequent to the lender’s determination that the borrower is eligible
for forgiveness and through the receipt of payment from the SBA.”