Latest Articles

  • Study: Supply Chain Audits Ineffective at Driving More Ethical Business Practices

    By:
    Chris Gaetano
    |
    Jan 17, 2017
    While supply chain audits are seen as standard tools in determining whether a company is, say, using conflict minerals or following environmental standards, a recent study from the University of Sheffield says that they have been largely ineffective at driving ethical business practices and, indeed, might actually be contributing to the problem. 
  • Regulatory Roundup, Jan. 11-17

    By:
    Chris Gaetano
    |
    Jan 17, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. This is the first of a regular series that will let you know what you may have missed in the past seven days.
  • SEC Names Retail Investors, Market-wide Risks, and Retirement Investments as 2017 Enforcement Priorities

    By:
    Chris Gaetano
    |
    Jan 13, 2017
    The Securities and Exchange Commission's Office of Compliance Inspections and Examinations said that it will pay particular attention to issues relevant to retail investors, retirement investments and market-wide risks as areas that it considers to present potentially higher risk to investors and the U.S. capital market as a whole. 
  • New York State Requires Driver's License Information for e-Filing

    By:
    Chris Gaetano
    |
    Jan 13, 2017
    In the interests of providing an extra layer of verification, software for processing e-filed New York state personal income tax returns will now require the inclusion of driver's license information. 
  • Senate Democrats Propose Capping Deductions for Performance Pay

    By:
    Chris Gaetano
    |
    Jan 11, 2017
    Senate Democrats have introduced a bill that, if passed, would apply the same $1 million limit to compensation deductions to performance pay, saying that the current exception effectively amounts to a subsidy of multi-million dollar bonuses.  
  • National Taxpayer Advocate Expresses Worry About "Enforcement First" Mentality of IRS

    By:
    Chris Gaetano
    |
    Jan 11, 2017
    National Taxpayer Advocate Nina E. Olson said that the IRS needs to stop thinking of itself primarily as an enforcement agency and start thinking of itself mainly as a service agency, saying the current mindset treats taxpayers who make innocent mistakes as malicious tax evaders, something that could ironically create a self-fulfilling prophesy. 
  • Study: It Will Take More Than a New Program to Promote Gender Diversity In Leadership

    By:
    Chris Gaetano
    |
    Jan 10, 2017
    A recent study published by McKinsey has found that while the vast majority of companies have introduced gender diversity programs, these initiatives have not produced much in the way of tangible results, as female representation in corporate leadership remains low. 
  • Port Authority of NY and NJ Agree to $400K SEC Settlement for Not Disclosing Bond Risks

    By:
    Chris Gaetano
    |
    Jan 10, 2017
    The Port Authority of New York and New Jersey has agreed to a $400,000 settlement with the Securities and Exchange Commission over accusations that it did not properly warn investors funding a series of roadway projects of the risks that came with the bonds. 
  • Nominations Now Being Accepted for FAE Trustee Board

    By:
    NYSSCPA Staff
    |
    Jan 10, 2017
    The Foundation for Accounting Education is an affiliated entity of the NYSSCPA that administers one of the Society’s most important strategic initiatives: providing lifelong continuing education to CPAs. And we're now accepting nominations for volunteers to serve on the board of trustees!
  • Regulatory Roundup, Jan. 4-10

    By:
    Chris Gaetano
    |
    Jan 10, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. This is the first of a regular series that will let you know what you may have missed in the past seven days.