Features

  • When Client Funds Disappear: Preventing Theft in High-Risk Engagements

    By:
    Ron Klein, J.D., CFE
    |
    Jun 8, 2015
    With certain CPA firm engagements, there is a higher risk that a client’s funds may be misused, especially if internal controls are not strong enough to prevent staff from abusing signatory authority that has been entrusted to them.
  • NYSSCPA Elects Falbo President

    By:
    N. Sheree Saunders
    |
    Jun 8, 2015
    Joseph M. Falbo Jr. was elected the NYSSCPA’s 2015–2016 president on May 14, during the Society’s 118th Annual Election Meeting and Dinner—a night marked by emotional tributes, surprising developments and several firsts for what has traditionally been the organization’s biggest event of the year. 
  • PRESIDENT’S COMMENTARY: Continuing the Progress We've Made

    By:
    Joseph M. Falbo, CPA, NYSSCPA President
    |
    Jun 1, 2015

    Why do you think they asked you to run? This was the question my father posed, the evening I called to tell him that I had been approached about running for president of our Society. I didn’t know how to respond. I recall muttering, ‘I guess they think I’ll do a good job...?’ We talked for a bit longer and, before we ended the call, he congratulated me, told me that he was sure I’d do a great job, and wished me good luck. The matter was closed—for him.

  • Courting trouble?

    By:
    SUZANNE M. HOLL, CPA
    |
    May 22, 2015
    CPA firms should evaluate all potential new clients and re-evaluate all current clients on a regular basis, at least annually. This enables the firm to better monitor clients, consider any changes that might affect the professional relationship and avoid situations that could escalate into crises. Firms can also stipulate in their engagement letters that the engagement is not binding until client acceptance procedures have been completed.
  • NYSSCPA Award Winner Sid Kess Spent Lifetime Educating Others

    By:
    Chris Gaetano
    |
    May 12, 2015

    Iyou’re a CPA and you earned your license within the last six decades, you’ve probably learned a thing or two from Sidney Kess, the 2015 winner of the NYSSCPA’s Dr. Emanuel Saxe Outstanding CPA in Education Award. The Brooklyn native, who celebrated his 56th year as an NYSSCPA member this February, has been a trusted guide for accountants since 1952, teaching review courses, seminars and conferences, and producing audio cassettes, newsletters and books.

  • NYSSCPA Posthumously Honors Past President David J. Moynihan

    By:
    Chris Gaetano
    |
    May 11, 2015
    The NYSSCPA has posthumously awarded its 2009–2010 President David J. Moynihan with one of its highest honors, in recognition of his commitment both to the Society and to the profession, which spanned the course of several decades and included a variety of roles. 
  • Former White House Press Secretary and Cohost of Fox's 'The Five' to Keynote Annual Dinner on May 14

    By:
    Staff Reports
    |
    May 6, 2015

    NYSSCPA members will get a chance to meet and mingle with one of television's most-watched political commentators and former White House press secretary, Dana Perino, at the NYSSCPA's 118th Annual Dinner on May 14 at the Eventi Hotel in Midtown.