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Committee Descriptions

Operations Division
014 Members Benefits (+) – This committee represents the members’ interests with respect to member benefits programs. It reviews proposals submitted for new membership insurance, benefits and affinity programs and selects those that will provide value-added coverage and savings for members. It analyzes brokers’ performance in the provision of insurance products for membership.
015 Membership (+) - The committee is responsible for identifying and coordinating the Society’s efforts toward increasing and retaining membership, and to assure that services are provided by the Society, which will maximize member involvement. Those who should join are members dedicated to improving the Society and furthering the goals of the committee.
907 Peer Review (+) – This committee’s mission is to implement the peer review program established by the Peer Review Board of the American Institute of Certified Public Accountants (“PRP”) in New York State.
017 Professional Ethics (+) This committee is a standing committee of the Society created under Article XI of the Bylaws. Its authority and jurisdiction are defined in Article XII of the Bylaws. It investigates complaints involving the Code of Professional Conduct and Bylaws and, where appropriate, applicable New York State Regulations, and promotes ethical behavior and standards.
961 Professional Liability Insurance (+) – The committee reviews and analyzes the Professional Liability Insurance (PLI) market in New York and oversees the Society’s endorsed PLI program.
090 Quality Enhancement Policy (+) - This is a standing senior policy committee of the Society whose purpose is to recommend to the Executive Committee and the Board of Directors strategic policy positions and membership requirements related to peer review, ethics, pre-certification education and continuing professional education. It also recommends policies and integration strategies for ethics and quality control standards relative to all areas of practice and across all activities of the NYSSCPA and FAE. Membership on the committee is maintained such that a broad base of the Society is represented and includes members of the public who serve in an advisory capacity.
Accounting and Auditing Division
500 Accounting and Auditing Oversight Committee ^ - The audit and accounting division serves the NYSSCPA as the body that studies and researches all pronouncements regarding auditing and accounting. It coordinates activities with respect to the PCAOB and the division responds to all exposure drafts, which impact New York CPAs. The division also studies emerging issues, provides conferences on relevant subjects, and serves as advisors to members and staff. In this division you will find individual CPAs with specific talent and experience in all areas of auditing and accounting.
T501 Accounting and Review Services – A technical committee that is a resource to NYSSCPA members regarding accounting and reporting issues as they pertain to compilation and review services for non-public entities. Those who should join are members who have an interest in or desire to increase their knowledge in accounting and review services.
T505 Auditing Standards and Procedures – The Auditing Standards and Procedures Committee is responsible for commenting on AICPA Auditing Standards Board Exposure Drafts and answering other auditing inquiries from other authoritative bodies. This committee is also responsible for developing educational programs on general auditing topics, encouraging members to write auditing articles for The CPA Journal, answering inquiries on auditing from members and performing any other audit related task as requested by the NYSSCPA. This committee is comprised of CPAs’ mostly from small to medium sized firms with some national firm representation. The members have the opportunity to use the committee as a “sounding board” for auditing issues they encounter in their own practices. They also have the opportunity to participate in standard setting through the committee’s responses to Exposure Drafts, meetings with the ASB Emerging Issues Task Force and emerging focus on the PCAOB.
T511 Financial Accounting Standards – The committee is responsible for preparing response letters for the Society to proposals from the Financial Accounting Standards Board (FASB), Accounting Standards Executive Committee (AcSEC) of the AICPA and the International Accounting Standards Board (IASB). The committee encourages discussion of current accounting developments through discussion of technical inquiries, joint activities with industry committees and meetings with representatives from the FASB, AcSEC and potentially the PCAOB. Membership is open to all NYSSCPA members who express interest in the committee and are willing to spend the time necessary to answer inquiries, respond to Exposure Drafts and help develop and conduct education programs.
T 513 Government Accounting and AuditingThe objective of this committee is to identify and respond to issues related to government accounting and auditing. This committee also prepares and reviews articles on technical subjects relating to government accounting and auditing that may be used for publications or reference by the Society such as The CPA Journal and the Trusted Professional. The committee also maintains advisory services to the Society’s members by responding to individually written, telephone and internet inquiries not requiring research. This committee also maintains liaison between the Society and both governmental and non-governmental organizations related to government accounting and auditing.
T 537 International Accounting and Auditing The objective of this committee is to have a more informed membership, and contribute our voice to the formulation of international standards and policy. This committee focuses on the accounting by and auditing and regulation of foreign entities whose financial statements are used in the US (these entities include the foreign subsidiaries or affiliates of a US entity); the accounting and reporting on financial statements prepared for use in other countries; and the process of harmonization and convergence of accounting and auditing standards around the globe.
T525 SEC Practice – This committee focuses on securities regulation and the accounting, disclosure and reporting required of all registrants in every industry, and on activities of the PCAOB. The committee holds an annual SEC-FASB Conference, an annual SEC-PCAOB Conference and other technical sessions, reviews significant SEC enforcement actions, and responds to SEC proposals that directly affect accountants in public practice and private industry. Those who should join are members who have experience or are involved with SEC accounting and auditing, want to be up-to-date with SEC and professional practice matters, and want to actively participate in committee meetings and Society affairs.
T 608 Technology Assurance The Technology Assurance Committee is a group of CPA's interested in technology assurance that work for professional service firms, private industry, academia and government, and includes sole practitioners. The committee identifies and discusses technology assurance issues related to services that CPA's provide to their clients and employers. It presents a series of seminars open to Society members and the general public on important issues affecting technology assurance, maintains a page on the Society’s web site with information about the committee and its members, featured articles, seminars, web site of the month, and other information. It submits relevant articles to the Society's publications and provides comment on accounting or auditing standards dealing with technology issues. Members who join the committee can expect to increase their reputational capital by being recognized as technology assurance leaders and increase their human capital by expanding their theoretical and practical knowledge.
Consulting Services Division
600 Consulting Services Oversight Committee ^ - The oversight committee forwards critical feedback and /or requests for assistance from the Society as needed and ensures that its subordinate committees fulfill the requirements of their Committee Action Plans. It provides critical information that may affect members serving on the respective committees, receives frequent updates from its committees at its bimonthly meetings and provides guidance or assistance to committee chairpersons as needed.
609 Anti-Money Laundering and Terrorist Financing - This committee is comprised of professionals focused on providing subject area expertise relating to anti-money laundering and terrorist financing. It builds strategic relationships with members, academics, prosecutors, law enforcement agencies and other professional organizations that may be involved in this area of practice, analyzes current trends and prepares topographical studies, contributes to the body of professional literature, sponsors an annual conference, provides a forum for addressing members’ issues in this area and serves as a resource to and coordinates with other committees potentially affected by these issues, such as the Auditing Standards, Banking and Relations with the Legal Community Committees.
T 516 Bankruptcy and Financial Reorganization – The committee serves to recognize and respond to the needs of the members of the Society in all areas of accounting, auditing, taxation and consulting, in the specialized areas of bankruptcy, restructuring and workouts. It provides technical guidance to members through seminars, meetings, articles and programs, and maintains a member advisory service by answering written and telephonic inquiries not requiring research. It also reviews articles on technical subjects and governmental regulations, reviews and develops positions on exposure drafts issued on matters relating to the areas within the scope of the committee and maintains a liaison between the Society and industry, government and other organizations.
T 607 Business Valuation – The committee serves as a resource for information on the current and evolving techniques and methodologies available for various business valuation purposes. It sponsors a conference and other educational programs, holds technical presentations, addresses proposed accounting rules and has a technical response subcommittee to assist members with business valuation issues.
T 606 Information Technology – This committee focuses on the management of information technologies as related to real world solutions for business processes. It provides a forum for members to discuss the application of new and existing information technologies to businesses and the profession.
T 533 Litigation Services - The mission of the committee is to educate and advise NYSSCPA members on litigation services, fraud and forensic accounting. The educational effort is achieved through conferences and articles. The committee meets monthly in an effort to identify current issues in fraud and litigation services. These current issues are discussed and presented by leaders in the field and frequently become the topics for articles and conferences. The leaders are attorneys and litigation product specialists. Areas covered include internet fraud, IP litigation, NASD arbitrations, expert witness training and litigation databases.
T 801 Mediation and Arbitration – The committee administers the Society's mediation and arbitration program, which assists in the resolution of disputes between or among members. It also encourages members to become qualified alternative dispute resolution ("ADR") neutrals in business disputes and advocates public acceptance of CPAs as qualified ADR neutrals. The committee promotes among members the utilization of mediation and arbitration techniques for dispute resolutions.
Development of the Profession Division
4000 Development of the Profession Oversight Committee ^ - The committee monitors and coordinates activities of the Development of the Profession Division and serves as a forum whereby the committees of the division can seek guidance, support and assistance in achieving their goals in areas such as preparatory education, recruiting, practice management, human resource concerns and other areas that foster the development of the profession.
985 Higher Education – The committee acts as a liaison between the Society, practitioners, colleges which prepare students for careers in accounting, and the New York State Education Department. The committee serves its constituents by (1) providing a forum for the discussion of curricular and professional issues in accounting education, and (2) making recommendations for change to the Society's leadership.
2003 Large and Medium-Sized Firms Practice Management – The committee provides a forum to discuss and exchange information on issues facing large and medium sized firms in today’s environment. Meetings include regularly scheduled technical presentations on topics of interest to professionals associated with large and mid-size practices.
2005 Small Firms Practice Management – The committee provides a forum to discuss the unique issues facing smaller firms in today’s environment. Meetings include guest speakers on topics relevant to small firm practice management.
Industry Division
Industry Oversight Committee (^ 3000) - The oversight committee provides guidance on matters relating to members who are not in public accounting, including industry, government and education; and to the specialist industry committees of the Society, which include both practicing and non-practicing members. It identifies the needs of members in industry and ensures the Society will provide such members with the services and information required to expand their skills in a dynamic business environment. The committees in the division sponsor conferences and seminars to support specific industries and also hold sessions that qualify for CPE, to which all members in industry are invited.
T056 Agri-Business - rovides a forum for members who work in or have an interest in the agri-business area. The committee identifies reviews and disseminates information with regard to FDA compliance, competitive markets, risk management, diversification and other topics of concern. Committee is a resource to members regarding developing accounting, financial reporting and related business issues for the industry.
T 504 Apparel and Textile – To provide a forum to help members in industry and public practice regarding current and emerging issues affecting the apparel and textile industries. Invites industry related speakers to discuss relevant and emerging topics at monthly committee meetings and sponsors an evening technical session on industry-related topics. The committee provides membership a consulting service by answering industry related accounting, auditing and tax inquiries not requiring research. The committee is designed for practitioners serving the apparel and textile industry in public accounting, finance and corporate capacities.
T 506 Banking – This committee is a resource of the NYSSCPA membership regarding developing accounting, financial reporting and related business issues for the banking industry. Those who should join are members of the Society in the banking industry as well as those in private practices that audit or provide advisory services to the industry. In addition, CPA’s from various regulatory agencies are drawn to this committee.
T 536 Chief Financial Officers – The mission of the committee is to provide and develop a forum for NYSSCPA members who are senior financial executives in industry (CFO’s, Controllers, VP’s of Finance), where they can meet and exchange ideas and knowledge. The committee holds regular meetings that offer the opportunity to network and exchange ideas and hear speakers cover topics that are relevant to senior financial executives in industry. It also represents and promotes the views of senior financial executives in industry to the leadership of the Society. The committee develops an annual conference and other events with the dual purpose of providing useful CPE to senior financial executives while creating awareness of the committee and its benefits to members in industry.
312 Community Business, Cooperation with – The committee’s mission is to increase the visibility of the CPA professional and to offer insight to the public on the diverse impact the CPA can have on small businesses. The committee will accomplish this through a series of outreach programs including seminars, media placements and the Internet.
T 507 Construction Contractors – The mission of this committee is to be a resource to members in private and public practice through educational programs, committee membership participation and networking activities. This committee provides a forum for information exchange, legislative agendas and has outside speakers at committee meetings. The committee responds to industry exposure drafts, technical inquiries and holds an annual construction conference. Committee members should have basic knowledge and interest in the construction industry encompassing accounting, tax, auditing, and consulting.
T 508 Entertainment and Sports – This committee is a resource to the NYSSCPA members regarding emerging and on-going accounting, tax, business issues and trends relevant to the entertainment and sports industries. The committee provides a forum for members representing talent to exchange ideas and information. Provides a liaison between members and the Internal Revenue Service (the special task forces and divisions that exist to deal with taxpayers in our affected industries.) Monitors federal and state legislation relating to the tax laws that affect the businesses of entertainment and sports. Organizes an annual conference and technical seminars, comments on relevant exposure drafts, and field’s technical questions from members and the press. Members who have expertise in or who desire to expand their knowledge in the area of entertainment and sports should join.
T 514 Health Care – This committee is a resource to NYSSCPA members regarding emerging accounting, reporting, reimbursement and tax issues for the healthcare industry. The committee addresses technical questions from members, provides liaison with government agencies - in particular the NYS Department of Health and Social Services - and monitors federal and state legislation relating to healthcare accounting and reporting matters. Those who should join are members of all categories who have expertise in or who desire to increase their knowledge in the healthcare industry. Committee members author articles for The CPA Journal and The Trusted Professional, coordinate annual conferences, provide input to those who make policy decisions regarding regulations, accounting principles and reporting matters.
T 515 Hospitality – The committee produces seminars to update the Society members on current practices, issues and trends in the hospitality industry and provide members with a chance to network with other hospitality professionals. It promotes interaction and idea sharing between members of the committee and Society members interested in hospitality and the committee answers members’ technical inquiries regarding the hospitality industry.
T3002 Investment Management – This committee is for those who work in or are interested in the area of investment management, including financial institutions and products, focusing on non-tax aspects such as accounting, analysis, operations and regulation. It reviews and discusses the accounting and operational implications for originators, intermediaries, and end users of new and existing financial products that would include debt, equity, and derivative financial instruments. The committee examines developments in areas of hedge funds, risk management of financial assets and liabilities, valuations, credit analysis and operations. It also comments on relevant legislative and regulatory proposals, sponsors an annual conference, addresses technical questions from members, liaisons with government agencies and writes articles for the CPA Journal.
3001 Legal Community, Relations with the - The committee is composed mostly of Society members who are also graduates of law school. It establishes formal relationships with the New York State Bar Association and the Association of the Bar of the City of New York and provides for member interaction with the NYSBA Steering Committee on Commerce and Industry. The committee also comments on legislative proposals, recommends positions on multidisciplinary issues to the NYSSCPA Board and Executive Committee, assists members of the legal community, including the judiciary, to better understand the roles of the accountant and auditor and the services offered by the CPA profession, interacts with the National Conference of Lawyers and CPAs and assists NYSSCPA chapters in arranging networking events with lawyers.
T 520 Not-for-Profit Organizations – The mission of this committee is to be a resource to the membership of the Society for accounting issues affecting not-for-profit organizations; to provide leadership in implementing and understanding new standards and interpretations through education; and to serve as liaison between the Society and industry, government and other related organizations. The committee serves as a means to address and resolve compliance issues with the Charities Bureau, prepares and reviews articles on subjects related to not-for-profit issues and provides a means to respond to exposure drafts related to not-for-profit accounting.
T 521 Public Schools – The committee’s mission is to recognize the Society’s professional policy role and their call to the profession to adhere to the highest ethical standards, while demonstrating commitment to public and social responsibility. The goal is to use a proactive and coordinated approach to address public schools accounting and auditing issues, including the delivery of continuing education and the development of technical standards that enhances the quality of service the public receives, while meeting our obligation to serve the public and the profession at the highest possible level. The committee’s method of delivery fosters a working partnership between the Society and other state and local agencies responsible for setting policy and regulation, for addressing practical implementation, and providing continuing education in all related practice areas.
T 522 Publishing and Printing – The committee serves as technical resource for publishing related topics and issues for members as well as other interested parties and it sponsors an annual publishing conference. The committee has been comprised of professionals from magazine, book and newspaper publishers and auditors with expertise in all three industries. The committee has also moved into areas of multimedia and new media.
T 523 Real Estate – The committee initiates the identification of emerging professional issues and prepares, reviews and responds to articles and exposure drafts that cover matters related to the real estate industry. It develops the program for the annual real estate conference and maintains a consulting service for members by responding to inquiries not requiring research.
T3004 Risk Management and Business Insurance – This committee is for those who have an interest in or are involved with risk management and insurance for their organization. The committee maintains a risk management and insurance interest and networking group, supports risk management as an area of responsibility and career path for CPAs and others, facilitates an exchange of risk management ideas and know-how, develops learning opportunities and communications to all NYSSCPA members concerning risk management knowledge and establishes closer ties with risk management professionals and risk management organizations, such as the Risk and Insurance Management Society (RIMS). Generally, members in industry - CFOs, Treasurers, Controllers, Corporate Risk Managers - who are involved with or have a strong interest in the risk management and insurance function of their organization should join.
T 527 Stockbrokerage – This committee’s goal is to be a resource of NYSSCPA members regarding developing accounting, financial reporting and related issues for our industry. The committee provides technical, educational and networking activities, monitors new accounting rules or legislation related to the industry and interacts with regulatory bodies such as the Securities and Exchange Commission, New York Stock Exchange and NASDAQ. Those who should join are members who have expertise in or who desire to increase their knowledge in the stockbrokerage industry.
Tax Division
Tax Division Oversight Committee (* 400) – The objective of this oversight committee is to guide the supporting committees in this division and to ensure that they provide integrated coverage of all areas of taxation for the benefit of the members of the Society. It assists committees on direction and helps them to increase participation and satisfy their members’ needs. It also provides guidance to committees on emerging tax issues and in preparing Society comments on proposed legislation.
T 403 Closely Held and S Corporations – The committee provides a discussion forum and dissemination of information to members with respect to specific sections of Internal Revenue Code and related state laws dealing with closely held and S corporations.
T 402 Consolidated Returns, Affiliated and Corporations – The overall objective of the committee is to be responsible for all developments relating to the filing of consolidated returns for related, affiliated and controlled groups of corporations. It broadens the knowledge of the members of the committee and the Society and to addresses technical issues/developments in the consolidated return area on behalf of the Society. The committee sponsors an annual CPE presentation on consolidated return issues, and conducts annual joint technical sessions with other technical committees, such as the Mergers and Acquisitions Committee. It prepares and encourages articles for The CPA Journal and The Trusted Professional and provides guidance to the Society on consolidated return requirements and tax policy matters, and responds to member questions.
T 424 Employee Benefits – Provides a discussion forum for dissemination of information to members with respect to specific sections of Internal Revenue Code and related state laws dealing with employee benefits. The committee also sponsors an annual conference.
T 407 Estate Planning – This committee provides a discussion forum for dissemination of information to members with respect to specific sections of Internal Revenue Code and related state laws dealing with the transfer tax laws and the planning techniques and strategies available today. The Estate Planning committee consists of CPAs who may also be attorneys, CLU’s, ChFC’s, or PFS’s, who practice at the forefront of estate planning in the U.S. today. The mission is to continue to educate ourselves, our clients and the general public about the transfer tax laws and latest planning techniques and strategies available today.
T 408 Exempt Organizations – The committee provides a forum for members to analyze, discuss and comment on federal and state tax and regulatory laws as they affect tax exempt organizations, including public charities, trade associations, private foundations and other charitable trusts. The committee develops formal educational programs for Society members and maintains a member advisory service by answering individually written and telephone inquiries from members. It also prepares and reviews articles on technical subjects related to exempt organizations, reviews proposed legislation and regulations in the exempt organization field, so that the Society may make appropriate comment to federal and state tax policy makers, and maintains liaison between the Society and federal and state governmental organizations.
T 409 Income of Estates and Trusts – This committee serves as a resource to the NYSSCPA members regarding emerging estate and gift and income taxes and fiduciary accounting. The committee provides technical, educational (conferences and seminars) and networking activities for the members of the Society. The committee monitors federal and state legislation relating to transfer and income tax matters, provides the opportunity to comment upon exposure drafts for new standards, pronouncements and reimbursement issues as well as implementation and interpretative guidance. All categories of members who have expertise in or who desire to increase their knowledge in the trusts and estates field should join.
T 410 Internal Revenue Service, Relations with – The committee works closely with IRS District and Service Center offices and attempts to identify ways to simplify and reduce the tax compliance burden. Various meetings are held with IRS representatives to explore issues and matters. It staffs a member hotline to answer IRS Practice & Procedure questions and publishes IRS procedural articles for The CPA Journal and an IRS directory listing key IRS office locations, personnel and their respective phone numbers. Members who are tax professionals in public or private practice, government or education who have an interest in and are involved with Internal Revenue Service matters are likely to find serving on this committee an interesting, enlightening and rewarding experience.
T 411 International Taxation – The committee serves as a resource to NYSSCPA members regarding cross border tax issues. Provides technical assistance, educational programs and networking activities. Monitors Federal and State legislation and regulations relating to cross border tax issues including reporting obligations. Provides a format for commenting on pending tax laws and regulations affecting cross border tax issues. Committee provides opportunity to grow in knowledge in the international tax area.
T 404 Mergers and Acquisitions – The objective of this committee is to provide a dynamic forum in which Society members can discuss and analyze emerging transactional tax issues as they relate to mergers and acquisitions. Society members or associate members that are interested in establishing or enhancing their knowledge and network base in the challenging realm of transactional tax consultation should join this committee. Prior professional or education experience in this field in not required.
T 413 New York, Multistate and Local Taxation – The committee fosters a relationship with the Commissioners and officials of various tax departments, and maintains an open line of communications. It provides technical assistance and disseminates information to the members through education programs, answering telephone questions and writing articles. The committee also proposes and reviews legislative and regulatory changes in the current tax laws and procedures to simplify State, City and local taxation.
T 415 Partnerships and LLCs – The committee explores, analyzes and educates members on issues affecting partnership and limited liability companies, and their partners and members, including tax law changes, planning strategies, compliance issues and client problems. The committee is open to all practitioners interested in broadening their knowledge base and meeting experienced professionals in the partnership area. In addition, the committee answers technical questions from members by e-mail communications among committee members and sponsors evening technical seminars.
T 605 Personal Financial Planning – A professional forum where members of the committee exchange ideas about current personal financial planning (PFP) issues that they are facing such as issues of a technical nature, concerns with licensing and ethical matters. The committee sponsors two full day annual conferences and publishes in The CPA Journal. Members of the Society who provide PFP services to their clients should consider joining along with those who are considering developing a PFP practice or an investment advisory practice.
T 425 Taxation of Financial Instruments and Transactions– The committee reviews and discusses the tax implications of new and existing financial products that would include debt, equity, and derivative securities. It examines developments as they affect taxation of financial products such as legislative, regulatory and administrative developments and judicial cases. The committee sponsors education programs, monitors legislation, liaisons with government agencies, holds guest speaker sessions and writes articles for The CPA Journal.
T 421 Taxation of Individuals – The committee provides current information to its members with respect to tax law changes, compliance procedures and planning alternatives as they relate to the taxation of individuals. It sponsors education programs, holds technical presentations at meetings, writes articles for The CPA Journal and assists members of the Society with technical inquiries.

Legend:

T Technical Committee
* Prior Committee Service Required
^ Prior Committee Chair Service Required
+ Additional prerequisites apply


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