Features

  • Adair takes office as the NYSSCPA’s 95th president

    By:
    NICOLE SAUNDERS
    |
    Jun 25, 2014
    Scott M. Adair was elected as the NYSSCPA’s 2014–2015 president on May 15 during the Society’s Annual Election Meeting & Dinner, where he vowed to revise the organization’s strategic plan, help steer the conversation on non-CPA firm ownership and prioritize efforts to develop young CPAs. 
  • War Story: Responding to a Third-Party’s Request for Information Can be Trickier Than it Sounds

    By:
    SUZANNE M. HOLL, CPA
    |
    Jun 23, 2014
    Teddy Easley, a CPA, was contacted by one of his larger tax clients, Bill Hugo, who said that in order to qualify for a mortgage refinance, he would need Easley to write a letter verifying that Hugo was self-employed, his business was financially sound and he was creditworthy. 
  • We win by working together

    By:
    SCOTT M. ADAIR, CPA, NYSSCPA PRESIDENT
    |
    Jun 18, 2014
    I joined the NYSSCPA the moment I became licensed. I knew instinctively that it was the right thing to do and could see, as a younger professional, the value in surrounding myself with talented CPAs—men and women I aspired to be like. After 14 years in the organization, I’m still in awe of the wonderful colleagues I’ve met and the opportunities I’ve received as a result of the Society. And, more than anything, I’m humbled by where the journey has led me and how it has demanded me to grow in ways I hadn’t imagined.
  • FAE speaker: With fraud, think outside the documentation

    By:
    CHRIS GAETANO
    |
    Jun 11, 2014
    Jules B. Kroll, widely considered to be the father of modern corporate investigations, said that today’s businesses need to work smarter, not harder, when it comes to detecting and preventing fraud, and that simply throwing money at a crisis isn’t the most efficient use of time and resources. He made the remarks as the keynote speaker at the Foundation for Accounting Education’s 2014 Anti-Fraud Conference on May 21. 
  • FAE Conference Speaker: Domain Names Are Big Business

    By:
    CHRIS GAETANO
    |
    Jun 10, 2014
    What’s in a name? Millions of dollars, when it comes to the Web. Domain names, the unique identifiers that Internet users type into a browser to visit a site, can be serious business—take, for example, Sex.com, which sold for $13 million in 2011, or Whiskey.com, which sold for $3.5 million this year. Still, determining the actual worth of a domain name is less straightforward than it may seem, and CPAs performing valuations will need to know which factors to weigh, according to Jaime d’Almeida, a valuation specialist who spoke at the Foundation for Accounting Education’s Business Valuation Conference on May 19.
  • Background checks an art, science

    By:
    CHRIS GAETANO
    |
    Jun 6, 2014
    Though detecting fraud is important, so is keeping it from happening in the first place—and any good prevention strategy begins with thorough background checks, according to Robert J. Strang, a speaker at the Foundation for Accounting Education’s Anti-Fraud Conference on May 21. 
  • Balancing Acts: In establishing better work–life boundaries, employees have a role to play

    By:
    PEI-CEN LIN, CPA, SPHR
    |
    Jun 6, 2014
    Judging by recent surveys, finding a good work–life balance has become the new holy grail for employees. In a 2013 survey of more than 4,000 professionals by the consulting firm Accenture, 52 percent said they had turned down a job that would have left little time for personal pursuits, while another 56 percent said that having a thriving personal life defined career success even more than receiving a raise or a promotion.