Latest Articles

  • Study: Financial Rewards May Discourage Whistleblowers in Certain Circumstances

    By:
    Chris Gaetano
    |
    Oct 6, 2017
    A recent study has found that adding a financial incentive can, in certain cases, actually inhibit whistleblowers because the possibility of reward changes the choice from a moral decision to a cost-benefit one. 
  • Japanese Woman Works 152 Hours of Overtime, Dies

    By:
    Chris Gaetano
    |
    Oct 5, 2017
    A Japanese woman was said to have died to heart failure after working 152 hours of overtime over the course of a month. 
  • SEC Charges NY-based Investment Adviser With Running $20 Million Ponzi Scheme

    By:
    Chris Gaetano
    |
    Oct 5, 2017
    The Securities and Exchange Commission said that a Westchester investment adviser convinced 42 friends and acquaintances to invest millions of dollars into a risky options-trading scheme, lost pretty much all of it, but continued to tell them everything was fine as he desperately sought new investors to pay back the old ones. 
  • Amazon Hit With 250M Euro Tax Bill

    By:
    Chris Gaetano
    |
    Oct 4, 2017
    The European Union said that gigantic Internet retailer Amazon owes 250 million euros, approximately $293 million, because it benefited from a tax agreement with Luxembourg that was later found to be illegal. 
  • Report Finds Accounting Student Enrollment Remains at All-Time High

    By:
    Chris Gaetano
    |
    Oct 4, 2017
    Total number of enrollments in accounting programs at the bachelor's and master's level has remained at record-highs, while most firms expect they will hire the same number or more recent accounting graduates in 2017, according to the AICPA's newest Trends in the Supply of Accounting Graduates and Demand for Public Accounting Recruits report. 
  • Treasury Dept. Outlines Regulatory Rollbacks

    By:
    Chris Gaetano
    |
    Oct 4, 2017
    The U.S. Treasury Department released a report detailing regulatory rollbacks and revisions aimed at reducing what it says are the burdens of tax regulation. 
  • CPAs Expect Audits to Come with Bigger Price Tags under New PCAOB Rule

    By:
    Chris Gaetano
    |
    Oct 3, 2017

    More time, more risk and more expense—this is what auditors expect will be the effect of a recent Public Company Accounting Oversight Board (PCAOB) measure expanding the standard auditor’s report. Under the rule, formally approved by the board on June 1, the standard auditor’s report will include, among other things, the communication of “critical audit matters (CAM),” or information that the PCAOB believes investors and other users would find relevant.

  • SEC Chief Outlines Cybersecurity Steps in Wake of EDGAR Hack

    By:
    Chris Gaetano
    |
    Oct 3, 2017
    SEC Chair Jay Clayton outlined what the commission plans to do in the wake of a recent data breach that allowed hackers to potentially access market-moving information in the EDGAR system. 
  • Microsoft to Release New Version of Excel With More Features

    By:
    Chris Gaetano
    |
    Oct 3, 2017
    Microsoft announced that it plans to release a new version of Microsoft Excel, with more features that could make life just a little bit easier for accountants. 
  • Regulatory Roundup: Sept. 27-Oct. 3

    By:
    Chris Gaetano
    |
    Oct 3, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.