Latest Articles

  • Trump's SEC Pick Seeks to De-Emphasize Regulation, Enforcement

    By:
    Chris Gaetano
    |
    Feb 21, 2017
    Jay Clayton, the Trump Administration's pick for chair of the Securities and Exchange Commission, wants to see the commission turn away from its Obama-era focus on regulation and enforcement and towards making public markets more attractive to investment. 
  • Regulatory Roundup: Feb. 15-21

    By:
    Chris Gaetano
    |
    Feb 21, 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. 
  • PCAOB Releases Additional Guidance for Form AP

    By:
    Chris Gaetano
    |
    Feb 17, 2017
    The Public Company Accounting Oversight Board (PCAOB) released additional guidance on the new Form AP, which is used to disclose the identity of audit engagement partners and other firms that took part in the audit. 
  • IRS Halts New Regulations, ACA Mandate Enforcement Until New Treasury Sec. Sets Up Tax Team

    By:
    Chris Gaetano
    |
    Feb 17, 2017
    The IRS will not be issuing any new regulations, nor will it enforce the individual mandate, until the recently-confirmed new Treasury Secretary Steven Mnuchin has set up his tax team. 
  • Poll: Most Americans Plan to Use Tax Refunds to Bolster Savings or Pay Down Debt

    By:
    Chris Gaetano
    |
    Feb 16, 2017
    A recent poll of taxpayers has found that, of those who anticipating getting a tax refund this year, the majority plan to use the windfall to either boost their savings or pay down their debt, with a much smaller proportion saying they'll make a major purchase or splurge on something. 
  • SEC Acting Head Strips Subpoena Power From 20 Senior Staff, Limits It to Enforcement Division Director

    By:
    Chris Gaetano
    |
    Feb 16, 2017
    Securities and Exchange Commission Acting Head Michael Piwowar has trimmed back the agency's ability to initiate investigations through removing subpoena power from 20 senior staff, limiting the ability solely to the Enforcement Division Director. 
  • Study: Grads of Elite Colleges Earn 21 Percent More, Provided They Are Men

    By:
    Chris Gaetano
    |
    Feb 16, 2017
    A recent study has found that graduating from a top-tier college does indeed affect your earnings potential later in life, so long as you're a man. On the other hand, women who graduated from an elite institution earn about as much as men who graduated from bottom-tier schools. 
  • Study: Job Loss Stings Less If You Have Family Nearby

    By:
    Chris Gaetano
    |
    Feb 15, 2017
    A recent study from the Federal Reserve Bank of Cleveland found that while job loss impacts future earnings no matter what, it's not as bad if you live close to your parents, at least as far as younger people are concerned. 
  • NASBA Releases Proposed Changes to CPE Standards

    By:
    Chris Gaetano
    |
    Feb 15, 2017
    The National Association of State Boards of Accountancy (NASBA) released an exposure draft detailing proposed new standards on continuing professional education (CPE), changes that include differentiating between technical and non-technical materials, and accounting for new blended learning and nano-learning models. 
  • NYSSCPA Offering Students Up to $1,000 in FAE Scholarships with Technology Assurance Research Paper Contest

    By:
    Zach Simeone
    |
    Feb 14, 2017
    The NYSSCPA's Technology Assurance Research Paper Contest is designed to encourage college and grad school students throughout New York state to pursue accounting research, while fostering their professional development and promoting involvement in the Society’s committees and publications.