CPAs in Industry
'NBA CPA' Inspires Aspiring Accountants
If it was a movie, they could call it "Return of the CFO."
New NYSSCPA Committee for Family Advisors
Dealing with family can be tough. Especially when it’s not your family—but, rather, when you’re the CPA charged with managing its wealth.
But a new NYSSCPA committee will serve as a sounding board for CPAs in this practice area, according to Mark B. Rubin the Family Office Committee, now part of the NYSSCPA's industry division.
Obama Meets With Community Bankers to Urge Lending
Community bankers got their first exclusive meeting last night with President Barack Obama, in which he reiterated his push for bankers to do more lending to small businesses.
Among the attendees was the NYSSCPA's own Paul P. Mello, a member of the Society's Syracuse Chapter.
SED Relaxes Registration Requirements for Most Retired CPAs on Non- and For-Profit Boards
Most retired or inactive CPAs who serve on non- and for-profit boards of directors will not have to register with the State Education Department or earn continuing professional education, according to a new interpretation of state accountancy regulations released by the SED Dec. 14.
However, these CPAs must seek inactive status from the SED and make certain disclosures to their boards and third parties.
Member Makes Headlines in Fraud Case
NYSSCPA member Brian Aryai has played a key role in federal and state investigations into Bovis Lend Lease, the construction company that was investigated after two firefighters died responding to a fire at the Duetsche Bank Building in August 2007, according to the New York Times.
Finding Freedom From Foreclosure
Getting a loan and keeping it current is very difficult these days. As a result, many individuals and companies struck by default or foreclosure—and, in turn, their CPAs—are facing difficult conversations with lenders.
The Value of Sports
If you’re a Yankees fan, the high cost of tickets in the Bronx Bombers’ new stadium may have you scratching your head and missing more than a few home games... even though the owners decided to slash some of the highest prices.
But there’s some rhyme and reason behind the team’s $90 nosebleed-section seats -- the cheapest available -- said valuation expert Dr. Peter L. Lohrey, and at a meeting of the Entertainment and Sports Committee this morning, he explained the factors considered in the valuation of a sports franchise.
A Toast for Women Interested in PFP
Women CPAs with an interest in personal financial planning are invited to join the NYSSCPA’s Personal Financial Planning Committee and Smith Barney for an evening of cocktails and hors d’ oeuvres on May 14. The evening’s speakers will discuss expanding the services you offer to clients by incorporating personal financial planning into your career.
Job Tip #4: Interview Do's and Don'ts
True or false: You don’t need to delve into your past experiences on a job interview because it’s all written down right there on your resume.
False. Your resume may be near and dear to your own heart, but consider that your interviewer probably glanced over it in just a few minutes. How many times have you hurriedly read something and only absorbed about one-quarter of it? In fact, you shouldn’t assume your interviewer read your resume at all, according to Michael Rosenblatt, president of Quest Organization. Instead, be prepared to discuss each previous position in detail during a job interview, including your reasons for leaving, and highlight skills and experience relevant to the job you are applying for. Rosenblatt and other presenters shared this and other job tips during a recent Banking Committee event, "Accounting Opportunities in Financial Services: Outlook and Strategies for the New Year." You can view the webcast below.
Other job interview do’s and don’ts:
A New Requirement For Auditors of Broker-Dealers
It's registration time for auditors of nonpublic broker-dealers.
Until recently, by order of the Securities and Exchange Commission, registration with the Public Company Accounting Oversight Board was not a requirement. But now, the expiration of the SEC order means financial statements of nonpublic broker-dealers for fiscal years ending after Dec. 31, 2008 must be certified by a registered public accounting firm.
New York Accountancy Reform and You
Accountancy reform has officially come to New York state.
The new law, signed by Gov. David A. Paterson on Jan. 27, makes sweeping changes to the state's regulations for the accounting profession, including bringing a larger number of CPAs under the state's regulatory structure and requiring CPAs working in industry to complete continuing professional education courses.
Job Tip #3: Batten Down the Hatches!
Work is no place for wallflowers. You should strive to be visible and proactive at your current job, according to Bruce Friedman, associate director of recruiting at KPMG LLP. Friedman and other presenters shared tips for making yourself indispensable at your current job, along with strategies for finding a new one, at a recent NYSSCPA Banking Committee event.
Accountancy Reform: Wine & Cheese CPE Event
You’ve read about the new accountancy reform law on CPA.BLOG, or perhaps you’ve seen it written up in the Compliance Reporter, WebCPA, AccountingWeb or another publication. Now you can get the full story on what you might need to do differently in terms of your CPE, peer review and firm registration. CPAs in industry will be particularly affected by the new law.
The NYSSCPA’s CFO Committee has scheduled a wine and cheese event at the NYSSCPA offices (3 Park Ave. at 34th Street, 19th Floor) on Feb. 23 from 5:30 to 7:30 p.m. You can also sign up for the webcast here. (You must register for the event by 4 p.m. on Feb. 20. Click here for full registration details.)
Job Tip #2: Tap the Power of LinkedIn
Don’t underestimate the power of the online network when it comes to building your career. LinkedIn is a powerful career tool, and if you’re not using it to the fullest extent possible, you should be, according to Bruce Friedman, associate director, recruiting at KPMG LLP.
Friedman and other presenters shared tips for CPAs in the job marketplace on Jan. 28 at the seminar “Accounting Opportunities in Financial Services: Outlook and Strategies for the New Year,” organized by the NYSSCPA Banking Committee. View the webcast here, or read coverage of the event in the Trusted Professional.
Advancing Accountancy One Coin at a Time
Ernest A. Almonte, both chairman of the AICPA and auditor general for the state of Rhode Island, came to the FAE's Nonprofit Conference today to bring inspiration to CPAs working in the industry. But first, he honored someone he finds inspiring: NYSSCPA Executive Director Lou Grumet.
Before his luncheon address, Almonte presented Grumet with a specially engraved coin. “As I travel across the country, I give it to CPAs and to people like Lou who work to advance the profession,” he said.