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Accounting

  • New York looks to change debt collections

    By:
    RICHARD J. KORETO
    |
    Jan 28, 2014
    CPAs may be able to give clients facing debt collectors some good news, if New York state’s Department of Financial Services (DFS) gets its way. The state court system recently put out a proposal to require standardized affidavits in consumer credit actions seeking default judgments. DFS Superintendent Benjamin M. Lawsky responded with a comment letter supporting that change—and making additional debtor-rights suggestions, both in litigation situations and in prelitigation.
  • FAE Nonprofit Speakers: Learn How to Work with New Compensation Rules

    By:
    CHRIS GAETANO
    |
    Jan 28, 2014
    It’s been more than six months since Gov. Cuomo’s Executive Order 38 (EO38), which changed how the state’s nonprofits can allocate certain resources, took effect, and for some organizations, grappling with the regulation has been a challenge.
  • Luigi Zingales, director of the PCAOB’s Center for Economic Analysis

    By:
    CHRIS GAETANO
    |
    Jan 23, 2014
    In November, the Public Company Accounting Oversight Board (PCAOB) announced that it had created a new Center for Economic Analysis and selected economist Luigi Zingales as the founding director. Zingales, a professor at the University of Chicago, is a faculty research fellow for the National Bureau of Economic Research, a research fellow for the Center for Economic Policy Research and a fellow of the European Corporate Governance Institute. 
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