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Features

  • A Closer Look at the Controversial Dodd-Frank Pay Disclosure Rule

    By:
    Chris Gaetano
    |
    Oct 6, 2015

    The boss will always make more than the workers, but under a regulation recently adopted by the Securities and Exchange Commission (SEC), a company’s employees and investors will now be able to determine how much more. The rule, which the commission passed in a 3-2 vote on Aug. 5, requires public companies to make three additional disclosures in their annual filings: the median of the annual total compensation of all employees, excluding the CEO; the annual total compensation of the CEO; and the ratio between the two. Companies would have to report the information for their first fiscal year beginning on or after Jan. 1, 2017.

  • The CPA Journal Gets National Recognition

    By:
    Maya Lindsay
    |
    Oct 6, 2015

    The CPA Journal, the NYSSCPA's technical-refereed publication for accounting practitioners and other financial professionals, has been named a finalist in the 2015 Folio Awards, which recognize outstanding magazine journalism. The Journal earned the nod for its “Then & Now” series, which takes a look at the profession’s past and future from the perspective of senior partners and experts in the field. It was selected as a finalist in the “Association/Non-Profit Series or Article” category. 

  • Rockland CPA Named Winner of 2015 Urbach Award

    By:
    Maya Lindsay
    |
    Oct 6, 2015

    NYSSCPA member Allen L. Fetterman has been chosen to receive the 2015 Urbach CPA Community Builders Award, for his leadership in the merging of two Rockland County synagogues this  past year. Fetterman—whose expertise helped avert a looming financial crisis—led the consolidation of Temple Beth Torah of Nyack, N.Y., and Temple Beth El of Spring Valley, N.Y. into a newly formed 501(c) (3) entity called The Reform Temple of Rockland. He is currently the co-president of the temple’s board.

  • DOL Takes Aim at Overtime, Worker Classification with New Directives

    By:
    Chris Gaetano
    |
    Sep 22, 2015
    The U.S. Department of Labor (DOL) is cracking down on companies that try to circumvent federal regulations on overtime eligibility and worker classification, in a push that could hold significant consequences for a CPA’s business clients, as well as for his or her own firm. The department has taken on the hot-button issues in recent months, with a two-pronged attack. 
  • Signing a Technology Contract? Don’t Do it Without Asking These Questions First

    By:
    JOEL LANZ, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    Sep 14, 2015
    Outsourcing technology—whether shifting IT services to a vendor or taking advantage of a slew of automated processes afforded by cloud computing—has never been more popular. It’s a frequent topic in accounting literature and a prominent talking point for presenters at accounting conferences. But, as with any business opportunity, in order to realize the benefits, entities must first reduce risk to a tolerable level reflective of their risk appetite.
  • War Story: The Perils of Overlooking a Hidden Stakeholder

    By:
    RON KLEIN, J.D., CFE
    |
    Sep 8, 2015

    In this war story, drawn from the claims files of Camico, a CPA-directed insurer and risk management program for accountants, when an absentee owner is left out of negotiations, it’s the CPA who’s taken to task—and to court.

  • PRESIDENT'S COMMENTARY: An Important Election for Our Organization

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

    With a record number of candidates seeking positions on the NYSSCPA’s 2015–2016 Nominating Committee, the Society’s CPA membership will be called upon in the weeks ahead to cast ballots and select several individuals to serve.