Features

  • Society inducts new members into young leaders program

    By:
    ANNA RAKOVSKY
    |
    Aug 18, 2014
    The NYSSCPA has inducted five new members into its Young Leadership Circle, a program it launched last year to help identify and cultivate the organization’s next generation of leaders.
  • Newsmaker: Meet Colorado State Auditor Dianne E. Ray

    By:
    CHRIS GAETANO
    |
    Aug 18, 2014
    On July 7, New York State Governor Andrew M. Cuomo signed into law a bill that allows marijuana to be used for medicinal purposes by patients with serious health conditions. The legislation creates new opportunities but, at the same time, new risks for businesses connected to the industry. Colorado State Auditor Dianne E. Ray a CPA, knows this all too well—last year, she completed the first ever performance audit of her state’s medical marijuana regulatory structure and got a close-up look at this burgeoning sector. 
  • How Much HR Help Should You Give a Client?

    By:
    SUZANNE M. HOLL, CPA
    |
    Aug 8, 2014
    Clients will, on occasion, ask their CPAs to assist them with a human resources-related matter. For instance, the CPA might be enlisted to help a company recruit a new CFO. Or, he or she might be asked to assist the client in rethinking how its accounting department should be set up. 
  • AICPA sues IRS over voluntary return preparer program

    By:
    CHRIS GAETANO
    |
    Aug 8, 2014
    The AICPA has filed a lawsuit against the IRS over a voluntary tax return preparer program that the institute said is riddled with flaws and should never have been implemented, since the IRS lacks the statutory authority to do so.
  • Is There a Right Way to Leave a Job?

    By:
    PEI-CEN LIN, CPA, SPHR
    |
    Jul 18, 2014
    It may sound strange, but if you’re an accounting professional looking to switch employers, you’ll find sound advice for making the shift in the old Girl Scouts campfire song, “Make New Friends.” “Make new friends, but keep the old,” the lyrics tell us. “One is silver, the other is gold.” For our purposes, take this to mean that even as you make plans to sail off into the sunset with a new firm or company, you shouldn’t overlook the needs of your current employer. 
  • Former KPMG Partner Scott London Talks Insider Trading Conviction

    By:
    CHRIS GAETANO
    |
    Jul 7, 2014
    Last year, Scott London, a former KPMG audit partner, pled guilty to sharing confidential data about firm clients with Bryan Shaw, a golfing buddy who used the information to buy and sell stocks. After cooperating with federal agents, Shaw was sentenced to five months behind bars; London, who had worked for KPMG for nearly three decades, reports for his own 14-month stint in a federal prison this month. But he made another stop first—serving as the subject of a live ethics CPE webcast last week. The Trusted Professional caught up with London to discuss his very public fall. What follows is an edited and condensed version of the interview.
  • How to Excel at Excel: Tips and Tricks for Getting the Most Out of a CPA’s go-to Application

    By:
    JOEL LANZ, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    Jul 2, 2014
    As an adjunct professor, I consider it my good fortune to be in regular contact with the next generation of CPAs because it has taught me a valuable lesson: Sharing experiences and transferring knowledge can be a two-way street. Though we veteran professionals have accumulated expertise to share with aspiring and younger CPAs, we can also learn a few tricks from them as well.