Minutes of:

New York State Society of Certified Public Accountants Board of Directors’ Conference Call

Date & Time:

Tuesday, February 17, 2011, 11:45 a.m. to 11:55 a.m.

Location:

NYSSCPA Offices, 3 Park Avenue, 18th Floor, New York, New York

Presiding Officer:

Margaret A. Wood, President

Board Members Present via Teleconference:

Richard E. Piluso, President-elect
Scott M. Adair, Vice President
David R. Herman, Vice President
Martha A. Jaeckle, Vice President
Gail M. Kinsella, Vice President
Joseph M. Falbo, Jr., Secretary/Treasurer
John Barone
Cynthia D. Barry
S. David Belsky
Ian J. Benjamin
Robert W. Berliner
Anthony Cassella
Sherry L. DelleBovi
Adrian P. Fitzsimons
Jennifer R. George
Rosemarie A. Giovinazzo-Barnickel
Mitchell L. Gusler

John B. Huttlinger, Jr.
J. Michael Kirkland
Michele Levine
Pei-Cen Lin
Heather Losi
Anthony J. Maltese
Barbara A. Marino
Avery E. Neumark
Robert R. Ritz
Erin Scanlon
Robert E. Sohr
George I. Victor
Charles J. Weintraub
Jesse J. Wheeler
F. Michael Zovistoski
Joanne S. Barry, Executive Director

Staff Present:

Bradley Pryba

B11 - B - 0
Call to Order

After attendance was taken, President Margaret (Peggy) A. Wood established that a quorum was present and called the meeting to order at 11:45 a.m.

B11 - B - 1
Approval of the Auditor

Ms. Wood asked Mr. Cohen to present the report of the Audit Committee.
Mr. Cohen reported that an RFP had been sent out for auditors and that 15 responses were received. He noted that firms were evaluated based upon a comprehensive service matrix and peer reviews. Five firms were interviewed in the second round, and post-interview diligence was performed as well. Upon completion of the interview and due diligence process, the Audit Committee unanimously selected Friedman LLP, based upon their promise that the Director handling the account will be on-site for at least two years. Mr. Cohen thanked the committee, and Mr. Payano, for their hard work and professionalism.
Mr. Berliner asked questions regarding the fee schedule and the annual increase of fees. Ms. Wood and Ms. Levine both responded that this type of fee arrangement was typical.

Ms. Giovinazzo-Barnickel moved to appoint Friedman LLP as auditor for a one-year contract with three one-year renewals with the fees as set forth in the fee schedule, Mr. Weintraub seconded the motion. After discussion, the motion passed. Mr. Belsky and Mr. Neumark abstained.

Mr. Falbo, Ms. Wood and Mr. Piluso all expressed their thanks to Mr. Cohen, and the entire Audit Committee, for their efforts and professionalism.

There being no further business before the Board, Ms. Kinsella moved to adjourn the meeting, and Ms. Levine seconded the motion. After discussion, the motion passed without objection.