Latest Articles

  • FASB Chair Russell Golden Outlines Priorities for Second Term

    By:
    Chris Gaetano
    |
    Dec 7, 2016
    Russell Golden, who was re-appointed chair of the Financial Accounting Standards Board (FASB) in November, outlined his priorities for his next term during a speech he gave yesterday at an AICPA conference. 
  • Survey: Client Accounting Services Increasingly Significant Source of Revenue for CPA Firms

    By:
    Chris Gaetano
    |
    Dec 7, 2016
    CPA firms are increasingly relying on client accounting services like CFO support as a major revenue driver, now making up nearly 10 percent of the profession's overall revenues. 
  • Regulatory Roundup, Nov. 30-Dec. 6

    By:
    Chris Gaetano
    |
    Dec 6, 2016
    Regulatory bodies including the IRS, the AICPA and SEC released their announcements of the past week.
  • PCAOB Imposes Record $8 Million Settlement With Deloitte Brazil

    By:
    Chris Gaetano
    |
    Dec 6, 2016
    The Public Company Accounting Oversight Board (PCAOB) has come to an $8 million settlement with Deloitte's Brazil affiliate, making it the biggest civil penalty the board has ever assessed. 
  • NEWS HIGHLIGHTS FOR MONDAY - 12.5.16

    By:
    Maya Lindsay
    |
    Dec 5, 2016

    NYSSCPA Members in the News

    Michelle Staebell (Rochester)
    Year-end tax tips for 2016
    WROC Rochester First
    CPA Michelle Staebell from the New York State Society of CPAs discussed some year-end tax tips Monday on News 8 at Sunrise. "There's so many decisions happening right now," said Staebell.

  • FAE Speaker: NYC Human Service Nonprofits on the Brink, Payroll to Payroll

    By:
    Chris Gaetano
    |
    Dec 2, 2016
    Many nonprofit organizations are meant to help people who are down on their luck, but some nonprofits themselves, particularly those that focus on human services, are just as vulnerable, according to Allison Sesso, executive director of the Human Service Council and a speaker at the FAE's Exempt Organizations Conference on Dec. 1. 
  • Survey: Audit Fees Rose 3.2 Percent in 2015

    By:
    Chris Gaetano
    |
    Dec 2, 2016
    A report from the Financial Executives Research Foundation has found that company audit fees rose by a median of 3.2 percent in 2015. 
  • IRS Launches New Online Tool for Basic Account Information

    By:
    Chris Gaetano
    |
    Dec 2, 2016
    The IRS has launched a new online tool for taxpayers, who will be able to use it to access basic information on themselves such as the amount they owe for tax, penalties and interest.
  • NYS Charity Bureau Chief: Auditors, Volunteers Share Responsibility in Preventing Embezzlement

    By:
    Chris Gaetano
    |
    Dec 1, 2016
    New York State Charity Bureau Chief James Sheehan says that charities and other nonprofit organizations like youth sports leagues and volunteer fire departments remain particularly vulnerable to embezzlement and fraud. He cited a simple lack of expertise and interest within their leadership as a major factor for such financial deceit. Still, there are ways to prevent these problems from occurring in the first place, and he said the audit function is a vital part in assisting these organizations in complying with regulations.
  • Trump Picks Steve Mnuchin for Treasury Secretary, Wilbur Ross for Commerce

    By:
    Chris Gaetano
    |
    Nov 30, 2016
    President-elect Donald Trump has named Steve Mnuchin, his campaign's national finance chairman, as his nominee for Secretary of Treasury, and Wilbur Ross, an investor who helped Trump resurrect his then-ailing casino company in the 90s, as Secretary of Commerce.