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  • NYSSCPA to FASB: More Clarification Needed on Proposed Investment Company Accounting Guidelines

    By:
    Lois Whitehead
    |
    Feb 16, 2012
    The New York State Society of Certified Public Accountants (NYSSCPA) expressed its support of two Financial Accounting Standards Board (FASB) proposed Accounting Standards Updates (ASU), but wants to see more clarification written into one of the proposals before the guidelines are implemented.
  • NY CPAs Support Cuomo’s Stated Commitment to Fiscal Responsibility

    By:
    Lois Whitehead
    |
    Jan 26, 2012
    The New York State Society of Certified Public Accountants would like to commend Governor Cuomo on the overriding principals that were applied to formulate his proposed 2012-2013 Executive Budget. When revenues are decreasing, as they are in New York State, it is essential to keep operating costs down—this is a basic premise of budgeting and financial planning that all CPAs adhere to. While the NYSSCPA neither supports nor opposes the methods in which Cuomo aims to reduce the state’s operating costs, what we applaud as CPAs is his stated commitment to do so.