Construction Executive published the 15^th annual construction accounting special section. This special edition includes the list of Top 50 Construction Accounting Firms™ as well as a series of articles on construction accounting. I am pleased to share with you that McCarthy & Company is included on the list of Top 50 Construction Accounting Firms for the second consecutive year. McCarthy & Company was ranked number 39 overall and fourth for the percentage of revenue from construction clients.

In addition, my article Accounting and Financial Statement Considerations in the Era of COVID-19 was one of five articles chosen to be published in the construction accounting special section. In the article I explain that the full magnitude of disruption from the COVID-19 pandemic is yet to be seen. Construction contractors will feel the impact for years to come. While the COVID-19 situation remains fluid, contractors need to be aware of how it could impact their accounting methods and financial statements. Accounting, disclosure and internal control considerations must be addressed by management. Contractors should use their best judgment on accurately reporting information and taking advantage of deadline extensions. Read more starting on page 64.

Please visit our COVID-19 Resource Page for more alerts.

Feel free to contact any member of our team at (610) 828-1900 (PA) or (732) 341-3893 (NJ) with questions. Rich Higgins, CPA, managing principal – New Jersey office can be contacted at Richard.Higgins@MCC-CPAs.com. I can be reached at Marty.McCarthy@MCC-CPAs.com. As always, we are happy to help.