NYSSCPA News

Three NYSSCPA members are now serving on the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB). Anthony S. Kendall was newly appointed to the panel, where he joins Immediate Past President Sharon Sabba Fierstein and Wayne A. Kolins, who was reappointed.

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

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.

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.

It’s tax season and two of the Society’s tax stars will be featured during a one-hour web interview Friday with FOX Business News anchor Tracy Byrnes.

So you think you're gonna retire, huh? Live out your Golden Years in style? Don't be so sure.

There's a new crisis on the horizon, and it's threatening to spoil millions of Americans' opportunity to stop working in the last years of their lives.

Speakers at a NYSSCPA breakfast briefing last week warned that if things stay the way they are now, the looming retirement of the baby boomer generation will wipe out the nation's reserves, resulting in most Americans "outliving their assets" and being forced to either work or drastically reduce their standards of living when they can no longer hold a job.

A solution would require systemic reform, the speakers said. But there are things a CPA can do to help clients (and themselves!) plan for a more profitable future.

Curious? If you missed last week's discussion, a full webcast is now available online. Or you can watch coverage of the event by Money Matters, a program on TV news station NY1. Also look for a related story in the Trusted Professional and the weekly NYSSCPA E-Zine!

Pop quiz: When is a New York CPA eligible for exemption from the state's accounting reform law requirement to register with the state and take CPE?

A) If the CPA does not perform audits or create financial statements relied upon by the public.

B) If the CPA does not work at a public accounting firm.

C) If the CPA has entered another field and no longer uses the CPA designation, skills or competencies.

D) All of these answers.
 

The economic crisis revealed that Americans urgently need to save for retirement, but many just aren’t doing it. Speakers at a NYSSCPA Breakfast Briefing Oct. 8 will discuss the government’s proposed solution to that problem and other plans—some controversial—that are intended to nudge Americans in the right direction. (Click here to sign up for the free breakfast briefing. Click here for the webcast.)

The headquarters of the NYSSCPA got some silver screen action yesterday, as Will Ferrell and Mark "Marky Mark" Wahlberg filmed their new cop movie, "The Other Guys."

Financial reporters from Bloomberg News, BNA, CFO Magazine, Compliance Week, Reuters and WebCPA were among those who turned out for yesterday’s SEC Conference. Several of them have already written about SEC chief accountant James L. Kroeker’s address.