Accounting

  • Cybersecurity expert: Best defense is common sense

    By:
    Chris Gaetano
    |
    Feb 6, 2017
    Cybersecurity risks are just as real for small charities as they are for multinational corporations. Without the big budgets to spend on an advanced cybersecurity program, however, nonprofits face more challenges, particularly when it comes to protecting donor information. Fortunately, there are measures even small organizations can take to protect themselves which won’t break the bank.  That was the message that Richard Nathan, a cybersecurity specialist, emphasized when speaking at the 39th Annual Nonprofit Conference on Jan. 12, sponsored by the Foundation for Accounting Education
  • Speakers reveal the many hats of the nonprofit CFO

    By:
    Chris Gaetano
    |
    Feb 6, 2017

    Years ago, the nonprofit CFO’s role was mainly operational: overseeing functions such as accounting, budgeting and investments. But today’s CFO must be on top of governance, information technology, funding, compliance regulations, risk mitigation, insurance, employee benefits, time management and contracts, said Ronald F. Ries, a partner at WeiserMazars LLP and a panelist at the Foundation for Accounting Education’s 39th Annual Nonprofit Conference on Jan. 12. 

  • NYSSCPA Marijuana Symposium addresses risks and benefits of the industry

    By:
    Chris Gaetano
    |
    Jan 26, 2017

    With New York state having launched its medical marijuana program in January 2016 and all of its neighboring states administering their own medical marijuana programs, the NYSSCPA hosted its first Marijuana Symposium on Dec. 13, in order to educate the profession and the public, inform local and national decision makers, and host a forum for open and thoughtful discussion on one of the United States’ fastest growing industries. 

  • N.Y. Fed enforcement inspector: ‘Gaping hole’ in interbank communications leaves door open for money launderers

    By:
    Chris Gaetano
    |
    Jan 26, 2017

    Movies like “Scarface” and TV shows such as “Narco” glamorize drug lords for using banks to funnel their money into legitimate accounts and businesses. But money laundering is a serious crime, and CPAs must remain vigilant to avoid being used as unwitting intermediaries, according to panelists at the Foundation for Accounting Education's recent Anti–Money Laundering Conference in Manhattan. 

  • Newsmaker: IASB’s Hoogervorst Readies for Round Two

    By:
    Chris Gaetano
    |
    Jun 7, 2016

    Hans Hoogervorst begins his second term as chair of the International Accounting Standards Board (IASB) in July. When appointed in 2011, he was facing a global economy still recovering from the economic crisis, as well as several major projects with the Financial Accounting Standards Board (FASB). He took the time to talk to the Trusted Professional about his reflections on his first term, as well as his priorities for the future. 

  • Adding PFP to Your Practice? Experts Offer Step-by-Step Guidance

    By:
    Chris Gaetano
    |
    Oct 5, 2015

    Do CPAs have a place in personal financial planning (PFP)? A few decades ago, that might have been a provocative question. Take, for example, “Accountants as Financial Planners,” a 1991 New York Times story about the AICPA’s efforts to highlight CPAs who ventured into PFP. Putting the accounting profession on the defensive, the article wondered, “Why should the public get their financial advice from CPAs, as opposed to non-accountants?” (Stuart Kessler, an NYSSCPA past president who was interviewed for the piece, offered one succinct answer: Because CPAs “are bound by enforceable standards of conduct. The CPA is thought of in the public mind as being independent and objective.”)

  • New York State Medicaid Chief to Keynote Healthcare Conference Thursday

    By:
    Maya Lindsay
    |
    Sep 22, 2015
    Jason Helgerson, the state’s Medicaid chief, will be the keynote speaker at the NYSSCPA's 2015 Health Care Conference on Thursday, Sept. 24 at the Society’s 14 Wall Street office. Helgerson is expected to share insights on the state’s new Delivery System Reform Incentive Program (DSRIP), a key feature of the effort to lower New York’s $53 billion in Medicaid spending—the second highest of any state in the country—while also holding healthcare providers more responsible for improved service.
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