Latest Articles

  • Feds Launch Inside Trading Probe of Equifax Execs

    By:
    Chris Gaetano
    |
    Sep 19, 2017
    The U.S. Justice Department is investigating top officials at credit reporting firm Equifax over suspicions of insider trading prior to news of a massive data breach going public.  
  • TIGTA: Lack of Staff, Funding Has Decreased Criminal Investigation Activity

    By:
    Chris Gaetano
    |
    Sep 19, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) said that, over the years, that reductions in staffing and funding have led to a decrease in the number and size of criminal investigation field offices in the U.S., which in turn has led to a decline in the number of cases initiated and completed. 
  • Regulatory Roundup: Sept. 13-19

    By:
    Chris Gaetano
    |
    Sep 19, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
  • Tens of Thousands of Euros Found Clogging Swiss Drains

    By:
    Chris Gaetano
    |
    Sep 18, 2017
    Authorities have been pulling tens of thousands of euros worth of notes from drains in the vicinity of the Geneva branch of Swiss bank UBS. 
  • Study: CEOs Use Non-GAAP Earnings Metrics to Boost Pay

    By:
    Chris Gaetano
    |
    Sep 18, 2017
    A recent study from MIT has found that when companies makes large positive adjustments to non-GAAP earnings, their CEOs make 23 percent more than their expected annual compensation would be if GAAP numbers were used. This is despite such firms having weak contemporaneous and future operating performance relative to other firms. 
  • South Dakota Court Decision Tees Up Supreme Court Case on Internet Sales Tax

    By:
    Chris Gaetano
    |
    Sep 15, 2017
    The South Dakota Supreme Court ruled against a law that compelled online retailers to collect sales tax, a move that lines the case up for possible review by the U.S. Supreme Court.
  • Jay Clayton Looking to Put William Duhnke in Top Spot at PCAOB

    By:
    Chris Gaetano
    |
    Sep 15, 2017
    SEC Chair Jay Clayton may soon place William Duhnke, an aide to former Senate Banking Committee Chair Richard Shelby, as the new chair of the Public Company Accounting Oversight Board, replacing current chair James Doty. 
  • Notice of Open NYSSCPA Board of Directors Meeting

    By:
    Chris Gaetano
    |
    Sep 15, 2017
    Each year, the NYSSCPA Board of Directors holds an open meeting that any member in good standing may attend.
  • Study: Tax Havens Hold 10 Percent of World GDP

    By:
    Chris Gaetano
    |
    Sep 14, 2017
    Researchers combing through the Panama Papers have found that about 10 percent of world GDP is held in offshore tax havens. 
  • Accounting Firms May Be Left Out of Tax Reform

    By:
    Chris Gaetano
    |
    Sep 14, 2017
    Treasury Secretary Steve Mnuchin said that accounting firms, as well as other service providers, will not benefit from lower tax rates that Republicans want to enact for other businesses.