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Stacey Monson

Stacey Monson
Stacey has more than 12 years of public accounting experience providing audit, accounting, and financial advisory services to closely held businesses and their owners. She serves clients in a variety of industries including commercial real estate, hospitality, manufacturing, oil refining, professional services, start-up organizations, nonprofit organizations, and employee benefit plans. Stacey is actively involved with her clients through the completion of the engagement as well as throughout the year. She also plays a fundamental role on Sweeney Conrad’s committee for employee retention and creating a positive work environment, and is involved in employee recruiting.

Recent Posts

Accounting for Paycheck Protection Program Loans and Forgiveness

Posted by Stacey Monson on Jun 30, 2020 1:53:11 PM

The American Institute for Certified Public Accountants (AICPA) recently issued a Technical Question and Answer (TQ&A) that provides guidance on accounting for loans issued under the Paycheck Protection Program (PPP).

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Topics: Audit & Assurance, News, COVID-19

Accounting for Lease Concessions Amidst COVID-19

Posted by Stacey Monson on Jun 16, 2020 6:36:47 PM

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The COVID-19 pandemic has forced the temporary closure, or a reduction of operating hours, of office buildings, shopping centers, restaurants, and other businesses. As a result, many lessors have, or will be, providing lease concessions to tenants who have faced economic disruption due to the COVID-19 pandemic. Lease concessions may vary in form, but payment forgiveness and deferral of payments are expected to be the most common types of concessions granted. As a result of lease agreements not containing provisions for rent concessions specific to COVID-19, in early April, the Financial Accounting Standards Board (FASB) issued a question-and-answer document (Q&A) addressing questions on the impact of the COVID-19 pandemic on lease concessions.

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Topics: Audit & Assurance, News, COVID-19

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