Features

  • Society, FAE award student scholarships

    By:
    ALONZA ROBERTSON
    |
    Sep 10, 2014
    The NYSSCPA and its Foundation for Accounting Education (FAE) have awarded 68 New York college students Excellence in Accounting Scholarships for the 2014–2015 school year.
  • Speaking truth to power

    By:
    SCOTT M. ADAIR, CPA, NYSSCPA PRESIDENT
    |
    Sep 9, 2014
    As the unified voice for more than 28,000 CPAs throughout New York state, the NYSSCPA has always recognized its obligation to meet issues affecting our profession head on. This is true whether it means taking our concerns to a regulator or standards setter; to the Capitol Building in Albany; or to Capitol Hill in Washington, D.C. But we had a truly unique scenario last month, in which we found ourselves having to confront the president of the United States in defense of CPAs everywhere.
  • NYS DFS takes aim at virtual currency regs

    By:
    CHRIS GAETANO
    |
    Sep 8, 2014
    The New York State Department of Financial Services (DFS) has proposed a set of regulations to govern the transfer and use of virtual currencies such as Bitcoin, making this the first state in the country to do so. The proposal is intended to provide a framework for businesses that use virtual currencies, with consumer protection, anti–money laundering efforts and cybersecurity in mind.
  • FAE Speakers: Fed Plan Sparks Concerns About Fixed Income

    By:
    CHRIS GAETANO
    |
    Aug 28, 2014
    That’s what BlackRock’s managing director and chief investment strategist for fixed income, Jeffrey Rosenberg, told a group of CFOs and other financial professionals looking to navigate the fixed- income environment at the recent Foundation for Accounting Education’s CFO’s, Controllers, Treasurers, and Financial Professionals Conference in New York City.
  • A winning team

    By:
    Scott M. Adair, CPA, NYSSCPA President
    |
    Aug 27, 2014
    Phil Jackson, one of the greatest coaches in the history of professional basketball (and, if you don’t follow sports, the current president of the New York Knicks) has a saying about teamwork that has stuck with me: “The strength of the team is each individual member; the strength of each member is the team.”
  • Target’s Massive Data Breach: Five Lessons for CPAs

    By:
    JOEL LANZ, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    Aug 25, 2014
    It wouldn’t surprise me if some readers have grown tired of articles on cybersecurity breaches. Though there have been serious attacks in recent months—especially the data breach at Target, in which as many as 110 million customers had their credit and debit card information stolen by hackers—the wall-to-wall news coverage can make it easy to feel desensitized, rather than incentivized to improve systems and learn about protections. What’s more, sometimes when readers do want to learn more, they encounter media stories and white papers that only seize upon fears and uncertainties. 
  • FAE speaker: Crash could have been worse

    By:
    CHRIS GAETANO
    |
    Aug 19, 2014
    Despite the financial sturm und drang of the last few years, James Glassman, Managing Director and Head Economist at JP Morgan, said that if he were to grade the U.S. on its economic recovery, he would give it an “A.” Surprised? Glassman, who made his remarks during the Foundation for Accounting Education’s CFOs, Controllers, Treasurers and Financial Professionals Conference, said the U.S. deserves some credit—things could have been much worse.