Ethics

  • State Education Department Proposes Changes to Annual Professional Ethics CPE Requirement

    By:
    Ruth Singleton
    |
    Aug 8, 2017
    Beginning in 2018, New York-licensed CPAs will be required to earn six CPE credits in ethics every three years, up from the current four-credit requirement, if the New York State Board of Regents approves the measure this fall.
  • State Board Audit Finds 50% of CPAs Noncompliant with Ethics CPE Requirement

    By:
    Ruth Singleton
    |
    Feb 21, 2017
    A recent New York State Board for Public Accountancy audit of state-licensed CPAs’ continuing professional education (CPE) compliance in 2016 revealed that only 50 percent of New York-licensed CPAs had fulflled the state’s professional ethics CPE requirement.

  • Society sees weakness in FASB materiality proposal

    By:
    By Chris Gaetano
    |
    Feb 11, 2016

    The NYSSCPA, in a Dec. 8 comment letter, expressed concern that the Financial Accounting Standards Board’s (FASB) two proposed changes to materiality standards would actually add more complexity and cost to financial reporting, rather than streamlining it.

  • Notice of the Ethics Committee

    By:
    Steven J. Leifer, CPA
    |
    Apr 30, 2015

    The AICPA has adopted “Breach of an Independence Interpretation” (1.298.010), which assists members and members’ firms in addressing a breach of the independence rules. This new interpretation of the Code of Professional Conduct sets forth how an identified breach should be communicated within the firm and how the responsible individual in the firm should evaluate whether the breach can be satisfactorily addressed, or whether an attest engagement should be terminated. 

  • Doing the Right Thing: When is a Contingent Fee Arrangement Considered an Act Discreditable?

    By:
    Victoria L. Pitkin, CPA
    |
    Jan 1, 2015

    There are two questions that often arise within the profession: When is a CPA prohibited from accepting a contingent fee? And where can one find the rules regarding it? The answers to both, however, are fairly straightforward. 

  • Doing the Right Thing: Tax Practitioners, Are You Up-to-Date on These Rule Changes?

    By:
    P. Gerard Sokolski, CPA
    |
    Dec 1, 2014

    NYSSCPA members who provide tax services to clients, including tax return preparation, and represent clients before the IRS and New York state, are subject to various rules from a variety of sources. These include the AICPA Code of Professional Conduct, which the NYSSCPA adopted as its own conduct code in May 2013; the AICPA Statements on Standards for Tax Practice; the New York State Board of Regents (NYS Accountancy Regulations); and Circular 230, which describes rules governing practice before the IRS for CPAs and other authorized practitioners, including attorneys and enrolled agents.

  • Doing the Right Thing: Exchange is a Great Way to Communicate—If You Understand Your Responsibilities

    By:
    Elliot A. Lesser, CPA
    |
    Nov 1, 2014
    Earlier this year, the NYSSCPA launched Exchange, an online community exclusively for Society members that allows them to access the knowledge base of their colleagues and connect with one another. However, it’s important to note that members who participate in Exchange are expected to abide by the site’s own “Code of Conduct”—a list of rules and points of etiquette.
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Disciplinary Matters

Members who have been admonished, suspended or terminated for violations of the Code of Conduct are posted online for a specified period of time.

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