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September 4, 2008 |
A
Service of NYSSCPA.org
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Vol.
8, No. 36
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Dear Subscriber
This week in the E-zine: The SEC rolls out its proposed roadmap for international convergence of accounting standards and announces the completion of IDEA, its new XBRL-based database; several investment banks agree to settlements over controversial auction-rate securities; the Society's Banking Committee examines the credit crisis a year later; and we preview FAE's upcoming 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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| Jailed Ex-CEO Implicates Others in Cover-Up Despite Lower Oil Prices, Little Relief for Consumers Justice Department Guidelines Due on Corporate Prosecution |
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Staff
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| Restoring
Trust in an Independent Watchdog Thomas P. DiNapoli was sworn in as New York State Comptroller on February 7, 2007. As the state’s chief fiscal officer, he is responsible for operating the state’s retirement systems and overseeing the state’s pension fund. |
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E-zine
Member Center
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NEW YORK -- More than a week after the Securities and Exchange Commission (SEC) announced that it was proposing a “roadmap” on how the Commission may mandate all American companies to file their financial statements in International Financial Reporting Standards (IFRS) by 2016, CPAs are still waiting to see what it says.
SEC’s IDEA Will Replace Edgar Filing System
WASHINGTON -- Kilobytes and megabytes could soon be called the filing cabinets of the Internet age.
Settlements Reached Over Auction Rate Securities
WASHINGTON -- The Securities and Exchange Commission (SEC) Division of Enforcement has announced that a preliminary settlement in principle has been reached with the investment bank Merrill Lynch that would enable investors who purchased auction rate securities (ARS) from the firm to receive a total of up to $7 billion to restore their losses and liquidity.
Banking Committee Reviews Credit Crisis One Year Later
NEW YORK -- Credit crunch. Sub-prime. Foreclosure. These words have now become part of daily conversations. Hardly a day goes by without another headline on the financial crisis that started last August.
Get 'Behind the Scenes' of Auditing at Conference
NEW YORK -- Ever wonder what goes on behind the scenes at major supervisory bodies like the Securities and Exchange Commission (SEC) and the United States Treasury Department?
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