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April 3, 2008 |
A
Service of NYSSCPA.org
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Vol.
8, No. 14
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Dear Subscriber
This week in the E-zine: U.S. Fed Reserve Chairman Ben Bernanke concedes recession is ‘possible’; an accountancy reform bill is introduced in the New York State Senate for the ninth consecutive year; the U.S. Treasury’s Advisory Committee preliminary report suggests bailout possibilities for large firms; and we preview the upcoming CPA Tech Expo and Broker/Dealer 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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In Senate, Bipartisan Support for Housing Deal Bernanke Concedes on Recession Likelihood Paulson Proposes Financial Overhaul |
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| Unrest
in Government Accounting Since 1984, the Governmental Accounting Standards Board (GASB) has provided standards and guidance for accounting and financial reporting to state and local government entities. GASB was given the task of creating a comprehensive set of standards and developing a new reporting model for the government accounting profession. Some, including the Government Finance Officers Association (GFOA; www.gfoa.org), have proposed that GASB’s mission may be complete and its ongoing operation should be reevaluated. |
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E-zine
Member Center
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Recession Possible, Says Bernanke
WASHINGTON -- Federal Reserve Chairman Ben Bernanke, in his most pessimistic and blunt assessment to date, said Wednesday that a "recession is possible" for the U.S. economy, CNN Money reported.
State Senate Introduces Accountancy Reform Bill
NEW YORK -- For the ninth consecutive year, an accountancy reform bill that would make sweeping changes to the CPA profession in New York state has been introduced in the State Senate.
Treasury Audit Advisory Committee Releases Draft Report
WASHINGTON D.C. -- Forget the Bear Stearns bailout. A governmental advisory committee may soon recommend putting in place a mechanism for a Big Four firm bailout —if necessary.
Big Industry Hitters Headline CPA Tech Expo
NEW YORK -- The CPA Tech Expo just got bigger. Tracy Byrnes of the Fox Business Network and IRS Special Agent Mike Minto have recently signed on as speakers to the 2008 CPA Business Tech Expo on May 14 and 15 in New York City.
State Public Safety Chief to Speak at Broker/Dealer Conference
NEW YORK -- The state’s senior security and law enforcer Michael Balboni will address financial professionals at FAE’s upcoming Broker/Dealer Conference on May 14.
| Upcoming Society/FAE Events | |
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2008 Conferences 5/8/08
- Government
Accounting & Auditing (NYC) |
Technical Sessions 4/24/08
IRS
Business Valuation Red Flags
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