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April 23, 2009 |
A
Service of NYSSCPA.org |
Vol.
9, No. 16 |
Dear Subscriber
This week in the E-zine: New York State Comptroller Thomas P. DiNapoli bans the use of placement agents in securing pension deals; Society members react to Ponzi scheme tax guidance released by the IRS; the CFO Committee learns how bank lending has changed; a Society member is honored with the Outstanding CPA in Government Award; and we preview FAE’s upcoming Accounting & Auditing Conference.
The NYSSCPA E-zine staff will continue to cover and report on these topics that are important to New York area CPAs. Further, staff 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 interest.
Sincerely,
NYSSCPA.org Web Site Staff
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Newsbrief Roundup |
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CFO’s Suicide Delays Debt Offering The NYSSCPA’s First Legislative Battle |
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The Impact of PCAOB Auditing Standard 5 on Audit Fees By Wei Jiang and Jia Wu Several provisions
of the Sarbanes-Oxley Act of 2002 (SOX) have led to tightened
audit regulations and considerable increases in audit fees. For
example, SOX section 103 requires audit workpaper retention for
a minimum of |
| E-zine
Member Center
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DiNapoli Bans Placement Agent Influence in Pension Deals
NEW YORK -- Audit quality is a major concern in troubled economic times, and there are new standards that will affect all firms that do accounting and auditing.
IRS Offers ‘Generous’ Guidance for Madoff Victims
NEW YORK -- Help has arrived, though only days before the first filing deadline for the 2008 tax year. On April 3, the IRS released a revenue ruling and a revenue procedure to provide guidance on how Ponzi scheme victims should treat losses for tax purposes.
Bank EVP Talks to CFO Committee About Modern Credit Market
NEW YORK -- Despite perceptions otherwise, banks still have credit they’re willing to extend, said a speaker at a recent NYSSCPA Chief Financial Officers Committee meeting. How it’s being extended, and to whom, however, is a different story.
Brian Roulin Named Outstanding CPA in Government
NEW YORK -- In the 17 years that Brian Roulin has been working in government, he’s guided municipal finances through good times and bad and has done everything from restructuring multi-million dollar debts to completely reorganizing city accounting and financing divisions. Despite this, he was shocked when he learned he was the winner of the Outstanding CPA in Government Award.
Accounting & Auditing Conf. to Focus on Troubled Economy
NEW YORK -- Audit quality is a major concern in troubled economic times, and the AICPA has responded with a new standard that will affect all firms that do accounting and auditing.
| Upcoming Society/FAE Events | |
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2009 Conferences 5/4/09 -
Phase 2: Post Election Tax Planning |
Technical Sessions 4/30/09-
Don't Believe Everything You Hear... The Private Equity
Market Has
Not Shut Down!
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