CPAs in Industry

If it was a movie, they could call it "Return of the CFO."

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.

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.

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.

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.

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.

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.

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.

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: 

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.