Jan. 3, 2002
Vol. 1, No. 49

Dear Subscriber,

In a news conference this morning, the AICPA announced the defeat of the controversial Global Credential Initiative. The vote ends two years of lobbying both for and against the proposal, and in the end the members decided its fate.

Also, the new mayor takes over in New York City and vows no new taxes, while the IRS gets handcuffed on busting up tax shelters.

The staff of the NYSSCPA E-zine will continue to cover and report on these topics that are important to New York area CPAs. Further, members of the Society and FAE also stand ready to help with questions on CPE and FAE courses, conferences and seminars.

Thank you for your continued
support.

Sincerely,

NYSSCPA.org Web Site Staff

Contact the NYSSCPA

Newsbrief Roundup



Upcoming Projects for NYSSCPA E-zine Subscribers!

* The Transit Authority is looking to hire firms to provide staff for its community service program, which is involved in the prosecution and sentencing of people arrested for minor quality-of-life offenses. Proposals are due Jan. 7. Contact (718) 694-4211.

* The Long Island Power Authority is looking for a treasury management system and implementation services for its treasury department. Proposals are due Jan. 7. Contact: (516) 222-7700.

* The state Office of General Services is looking for statewide expense reduction services to identify refunds and credits from billings and audits. Proposals are due Jan. 29. Contact: (518) 402-5909.

News Stories
January 2002

Guest Editorials

By Alan E. Weiner and Richard Glickman

The CPA Journal last May asked readers to talk about why they became CPAs and whether they'd do it again. The challenge yielded interesting stories and perspectives. This month we're pleased to give you two of them.


 

E-zine Member Center

Subscribe

Unsubscribe

NYSSCPA.org

Contact the NYSSCPA

Global Credential Initiative Defeated

The controversial Global Credential Initiative, also known as XYZ and IISBP, was defeated today by a 63 percent to 37 percent margin. Of the 330,000 AICPA members, 41 percent -- or 134,000 -- voted on the issue.

Click here to read more.

Global Credential Resources:

The Wall Street Journal: Investors Be Wary of Big Write-Offs

NEW YORK - Wall Street stock analysts usually tell investors to ignore large write-offs because they provide little insight about future performance. Now, amid the biggest wave of write-offs in history, mounting bankruptcies, and the collapse of Enron, it may be time to revisit that wisdom, reports The Wall Street Journal.

Just Out of the Gate, New Mayor Begins Testing Political Waters

NEW YORK - Only a few days in office and New York City's new mayor and political novice Michael Bloomberg already has found himself on the hot seat.

New Tax Breaks for 2002

NEW YORK - Here's a New Year's resolution you might actually be able to keep in 2002: save money on taxes.

Court Decision Handcuffs IRS on Tax Shelters

NEW ORLEANS -- A federal appeals court ruling involving Compaq Computer could make it harder for the Internal Revenue Service to eliminate many corporate tax shelters, The New York Times reported Thursday.

Upcoming Society/FAE Events

2002 Conferences
1/7/02 - Real Estate Conference (New York City)
1/8/02 - SEC/FASB Conference (New York City)
1/9/02 - Tri-State Tax Conference (New York City)
1/10/02 - International Taxation Conference (New York City)
1/17/02 - Nonprofit Conference (Rochester)
1/24/02 - Nonprofit Conference (New York City)

2/4/02 - Disaster Recovery Conference: Day One (New York City)
2/5/02 - Disaster Recovery Conference: Day Two (New York City)

More conference information

CPE Courses
1/23/02 - Professional Credentialing
2/21/02 - CPA2BIZ
4/26/02 - Broadband
5/23/02 - Linux

*To view our complete list of seminar offerings, visit our online course catalog.

Home | About Us | Continuing Education | Future CPAs | Government Affairs | Professional Resources | Publications | Sound Advice | Tax Resources
Chapters | Committees | Member Center | Events Calendar | Classifieds | Careers | E-zine Subscriptions | The Trusted Professional | The CPA Journal



Search | Site Map | Become a Member | Jobs | Press Room | Contact Us | Feedback

©1997 - 2009 New York State Society of Certified Public Accountants. Legal Notices