Features

  • Brooklyn political leaders meet with the NYSSCPA

    By:
    ROBERT BUSWEILER
    |
    May 21, 2014
    Twenty members from the NYSSCPA’s Queens/Brooklyn chapter met with State Senator Kevin S. Parker (D-21) and Kings County Democratic Chairman Frank Seddio on May 9 as part of the Society’s new Legislative Breakfast series. 
  • Society recognizes winners of its Excellence in Financial Journalism Awards at May 1 luncheon

    By:
    ROBERT BUSWEILER
    |
    May 20, 2014
    For the 31st consecutive year, the NYSSCPA honored reporters from the national and local press whose work contributed to a better and balanced understanding of business or financial topics through its Excellence in Financial Journalism Awards program. 
  • Together, we’ve laid a strong foundation for our future

    By:
    |
    May 15, 2014
    In a few weeks time, I will participate in one of the great traditions of our organization, by passing the reins as Society president to a successor—the more-than-capable Scott M. Adair. It has been my honor to serve you, and I am grateful to have had the opportunity to do so.
  • Overstock.com’s Chairman of the Board Jonathan Johnson and CFO Rob Hughes

    By:
    CHRIS GAETANO
    |
    May 13, 2014
    In January, the online discount store Overstock.com—which sells everything from home goods to electronics to furniture—made news when it became the first major retailer in the world to accept Bitcoin. First introduced in 2009, Bitcoin is the oldest and, by far, the best known of the more than 40 digital currencies that have sprouted up in the past few years. But until recently, the money, which is linked to no one nation and is not regulated by a central bank, was used mainly by collectors to purchase and sell goods and services among themselves. 
  • Fraud lessons learned the hard way

    By:
    RON KLEIN, J.D., CFE
    |
    May 6, 2014
    Fraud and defalcation—or embezzlement—have long been two of the most frequent and egregious types of professional liability claims, and the trend does not appear to be changing anytime soon. A prime example is an embezzlement discovered in 2012 involving the city of Dixon, Ill., in which the municipal comptroller pleaded guilty to siphoning public money into a secret bank account. 
  • With HIPAA Changes, Entities Must Rethink Business Associate Agreements

    By:
    SUZANNE M. HOLL, CPA
    |
    May 5, 2014
    Last year, the U.S. Department of Health and Human Services (HHS) released omnibus regulations under the Health Insurance Portability and Accountability Act (HIPAA), that included guidance for implementing changes made by the final rule of the Health Information Technology for Economic and Clinical Health Act (HITECH).
  • What management needs to know before investing in new technologies

    By:
    JOEL LANZ, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    May 2, 2014
    Q: My firm recognizes that, in order to remain competitive and satisfy increasing customer expectations, we need to enhance our ability to leverage new technologies. What factors should we consider before we introduce a new tech initiative?