The corruption trial of former State Senate Majority Leader Joseph L. Bruno kicked off this week, with both sides making opening statements that "presented vastly differing views" of his conduct, the New York Times reported.

New York State Attorney General Andrew M. Cuomo has filed a federal antitrust lawsuit against Intel Corporation, the world’s largest maker of computer microprocessors. The suit charges that Intel violated state and federal anti-monopoly laws by engaging in a worldwide, systematic campaign of illegal conduct in order to maintain its monopoly power and prices in the market for microprocessors.

The Republican Party in New Jersey and Virginia won handily over their Democratic opponents in last night’s elections while losing a House seat in a surprise upset. In New York City, meanwhile, Mayor Michael Bloomberg retained control of the city in a hard fought election battle, winning by a margin far slimmer than had been anticipated by the media.

New York State’s 23rd District

Dow Jones newswires interviewed Lou Grumet, NYSSCPA executive director, following the announcement that Bernard Madoff’s auditor David Friehling pleaded guilty.

It's official, according to several news sources: The long-time outside accountant to Bernard Madoff has pleaded guilty to securities fraud.

It’s one thing for the Securities and Exchange Commission (SEC) to be criticized by its own inspector general or the news media -- it’s kind of what they’re there for, after all. You live, you learn, you reorganize.

With year-end approaching (only 60 days to go!), taxes are the talk of the town -- and who is the media looking to for advice?

NYSSCPA members, of course!

FOX Business News talked to both Scott Cheslowitz and Alan Straus in two separate segments focused on taxes, both available on the Web.

Bernard Madoff's longtime auditor, David G. Friehling, is expected to plead guilty next week in a cooperation deal.

Prosecutors reportedly wrote a letter to U.S. District Judge Alvin K. Hellerstein that Friehling was expected to plead guilty at a conference on Tuesday and said that victims of Madoff's multibillion-dollar fraud are being notified.

They said Friehling will enter the plea to revised charges that accuse him of securities fraud, investment adviser fraud, making false filings with the Securities and Exchange Commission (SEC) and obstructing or impeding the administration of the Internal Revenue laws.

David A. Lifson, past Society president and chair of its Tax Reform Committee, has received the 2009 Arthur J. Dixon Memorial Award from the Tax Division of the American Institute of Certified Public Accountants (AICPA), the accounting profession's highest award in the area of taxation. The annual award memorializes Arthur J. Dixon, a CPA with an outstanding record of service to the tax profession and to the AICPA Tax Division.

The IRS' Information Reporting Program Advisory Committee (IRPAC) has released the advisory group’s 2009 recommendations on a wide range of tax administration issues.