nysscpa
archive
subscribe
editorial calendar

January 2003 Articles

Accounting Bill in the Works; Rule Changes to Mirror Sarbanes-Oxley

NEW YORK—Members of the New York State Society of CPAs cast 3,269 ballots in the first election of the NYSSCPA Nominating Committee in 10 years. (Article)

Dates Set for State Tax Amnesty, State Gets Quick Infusion of Cash

NEW YORK—A proposed amendment to the New York State Society of CPAs bylaws would allow the NYSSCPA Professional Ethics Committee to refer complaints against members to the New York State Education Department. (Article)

Regents Adopt Record Retention Rules

NEW YORK—A state regulation that went into effect with the new year requires CPAs to retain documentation of attest and compilation work for seven years, and for all firms and sole practitioners to form a written policy on record retention. (Article)

President's Commentary

It was New Year’s Eve and thousands of New Yorkers from Buffalo to Albany, from Plattsburgh to Long Island, focused attention on television screens, watching the crystal ball high above Times Square slowly ticking off the finals seconds of the year 2002, and heralding the start of 2003. (Article)

New Jersey Tax Legislation Will Have Substantial Impact on Businesses

New Jersey Gov. James McGreevey signed into law the Business Tax Reform Act on July 2, 2002, enacting major changes to the state’s corporate business tax (CBT). (Article)

Society Establishes Tax Simplification Task Force

The New York State Society of CPAs is looking for members to join a task force that will pose suggestions and comments on the U.S. tax code. (Article)

Society Begins Planning 2003 COAP Programs

The New York State Society of CPAs is looking for members to volunteer for the 2003 Career Opportunities in the Accounting Profession (COAP) program, an annual drive to encourage promising high school students to enter the profession. (Article)

FAE Continues Accounting Scholarship

The Foundation for Accounting Education Board of Trustees in December renewed its Excellence in Accounting Scholarship allowing more accounting students to receive financial help. (Article)

Retention and Returning of Clients’ Tax Records (Article)

Where the Chips May Fall

The Sarbanes-Oxley Act of 2002 has helped pave the way to greater investor confidence, but the new legislation, which appears to be fraught with a great deal of uncertainty, can and should only go so far in reforming corporate governance, according to a panel of experts who convened in early December. (Article)

A Pleasant Surprise

As chair of the New York State Society of CPAs’ Management Tools & Techniques (MT&T) Committee, I must say that I was pleasantly surprised at the series of events that recently culminated in a successful meeting concerning performance measurement. (Article)

State Firms Earn and Pay Staff More Than Average Practice

New York state CPA firms have larger staffs and earn twice the revenue of other practices around the nation on average, according to a recent national benchmarking survey. (Article)

NYSSCPA Life Member Nears Century Mark

In 1959, when Benjamin Somers sold his share of an accounting practice, he figured he and his wife Birdie would start enjoying the good life. (Article)

Communications Conference Highlights Society’s Media Work During Enron

Communications professionals from corporations, educational institutions and government agencies across the country learned how to successfully manage communications during a corporate crisis, at a conference in Chicago last October. (Article)

Frequently Asked Questions About the New York State Society of CPAs (Article)

Kernel Knowledge

Editors, producers and reporters prefer a source who is knowledgeable and in tune with current events to provide timely, informative information. (Article)

Ethically Speaking: Members in Industry Event Heats Up During Snowstorm

New York State Society of CPAs members last month braved inclement weather to participate in a spirited discussion on ethics and the profession at one of the year’s most successful evening technical sessions geared toward members in industry. (Article)

Nassau Chapter Makes Plans for CFO Committee

The New York State Society of CPAs’ Nassau Chapter has founded a CFO and Senior Financial Officers Committee as part of the chapter’s efforts to reach out to the many local CPAs in industry. (Article)

Disclosure Issues for High-Tech Companies

Are you interested in high-tech companies? Do you work for one, or invest in them? Perhaps your clients are high-tech companies or work closely with them. (Article)

Assuring Customer and Regulatory Privacy Concerns

Privacy encompasses the rights and obligations of individuals and organizations with respect to the collection, use, disclosure and retention of personal information. (Article)