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RECENT ENTRIES

  • Regulatory Roundup 3/17/2010
  • Regulatory Roundup 3/16/2010
  • IRS Goes After Man for 4 Cent Debt
  • NYT: Will Junk Bonds Be the 2012 Armageddon?
  • Regulatory Roundup 3/15/2010
  • NYSSCPA Prez to Talk Audit Quality With Utica Nonprofit Leaders
  • Report: Lehman Used Accounting to Disguise Dire Straits
  • Regulatory Roundup 3/12/2010
  • Cuomo Recuses Self from Paterson Probe
  • State Comptroller's Staff Educated on Accounting Reform

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Regulatory Roundup 3/17/2010

Submitted by Melissa Lajara on Wed, 03/17/2010 - 15:14
  • Regulatory Activities

Regulatory agency actions and updates for March 17, 2010:

[Full Story]
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Regulatory Roundup 3/16/2010

Submitted by Melissa Lajara on Tue, 03/16/2010 - 16:05
  • Regulatory Activities

Regulatory agency actions and updates for March 16, 2010:

IRS

  • The agency wants you to avoid the "Dirty Dozen" tax scams.
  • The IRS is asking for ideas for its Industry Issue Resolution Program.

New York State Department of Taxation and Finance

[Full Story]
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IRS Goes After Man for 4 Cent Debt

Submitted by Chris Gaetano on Tue, 03/16/2010 - 10:00
  • Accountability
  • IRS
  • Tax Reform
  • Taxes

The IRS dispatched two agents to a Sacramento car wash in order to collect four cents in unpaid taxes that the business had owed since 2006. Well, that and the $202.31 in penalties, fees and interest that the four cent debt had generated.

[Full Story]
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NYT: Will Junk Bonds Be the 2012 Armageddon?

Submitted by Melissa Lajara on Tue, 03/16/2010 - 09:13
  • Financial Crisis

You know it's bad news when the New York Times is calling junk bonds "among the perils that would lead to worldwide disaster" in 2012, in an article that asks: did the Mayans know this when they set the end-date of their long-count calendar?

[Full Story]
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Regulatory Roundup 3/15/2010

Submitted by Melissa Lajara on Mon, 03/15/2010 - 15:46
  • Regulatory Activities

Regulatory agency actions and updates for March 15, 2010:

[Full Story]
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NYSSCPA Prez to Talk Audit Quality With Utica Nonprofit Leaders

Submitted by Melissa Lajara on Mon, 03/15/2010 - 15:14
  • Auditing
  • NYSSCPA News

NYSSCPA President David J. Moynihan will speak on the importance of quality audits before the Mohawk Valley Nonprofit Leaders Group later this month, during a program in which he will also highlight ways to improve the audit process. 

[Full Story]
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Report: Lehman Used Accounting to Disguise Dire Straits

Submitted by Melissa Lajara on Sun, 03/14/2010 - 17:17
  • Accountability
  • Financial Crisis

The results of a $38 million investigation -- contained in a 2,200 page report -- are in, and according to lead investigator Anton R. Valukas, Lehman Brothers Holdings was in trouble long before bankruptcy sealed the bank's fate.

[Full Story]
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Regulatory Roundup 3/12/2010

Submitted by Melissa Lajara on Fri, 03/12/2010 - 17:12
  • FASB
  • New York State
  • Regulatory Activities

Regulatory agency actions and updates for March 12, 2010:

[Full Story]
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Cuomo Recuses Self from Paterson Probe

Submitted by Chris Gaetano on Fri, 03/12/2010 - 14:55
  • Accountability
  • Ethics
  • New York State

New York Attorney General Andrew M. Cuomo recused himself from an ongoing investigation into Gov. David A. Paterson’s alleged ethics violations, appointing retired judge Judith S. Kaye to continue the inquiry in his stead.

[Full Story]
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State Comptroller's Staff Educated on Accounting Reform

Submitted by Melissa Lajara on Fri, 03/12/2010 - 13:24
  • New York State
  • NYSSCPA News

NYSSCPA Counsel Dennis O'Leary and Director of Industry Programs Dominic Yung detail the provisions of the accounting reform law before the staff of the New York state comptroller in New York City.Staff of the New York State Comptroller's Office got an opportunity to learn about the requirements of the state's new accounting reform law in a special training session held at the agency's lower Manhattan offices o

[Full Story]
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