The American Institute of CPA’s (AICPA) released Technical Questions and Answers (TQA) on June 30 to address common accounting issues for Paycheck Protection Program (PPP) lenders. These TQA’s provide nonauthoritative guidance for areas such as:

  • Recognition of interest income
  • Classification of loan advances
  • Treatment of loan origination fees

The TQA’s will be available on the AICPA website as new questions arise. AICPA Recently Issued Technical Questions and Answers

Please see our other content regarding COVID-19’s impact on community banking.

COVID-19 and Your Bank’s Credit Administration

Financial Reporting Update



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