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April 2003 Articles

Society Responds to Spitzer Bill

NEW YORK—The New York State Society of CPAs’ Executive Committee last month issued a response to New York State Attorney General Eliot Spitzer’s wide-ranging proposed accounting legislation. (Article)

Attorney General’s Office Discusses Proposed Nonprofit Legislation

NEW YORK—The New York State Attorney General’s Office believes directors and executives, paid or volunteer, of not-for-profit organizations need to do a better job of living up to their fiduciary responsibilities, and issue filings that are complete and accurate. (Article)

Executive Committee Approves Bylaw Changes

NEW YORK—The New York State Society of CPAs’ Executive Committee in March unanimously approved a task force’s recommendations to make changes to the Society’s bylaws. (Article)

AICPA Revisits Credentials

NEW YORK—The American Institute of CPAs is evaluating its three “specialty” credential programs, which could ultimately result in dismantling the Personal Financial Specialist, Accredited in Business Valuation, and Certified Information Technology Professional designations. (Article)

President's Commentary

A movement is afoot in certain states proposing to create new accounting rules for entities not regulated by the Securities and Exchange Commission. (Article)

Society Member Elected to National Ethics Board

The chair of the New York State Society of CPAs’ Professional Ethics Committee (PEC) has been nominated to sit on the Joint Trial Board, the American Institute of CPAs announced last month. (Article)

IRS Criminal Investigations Double in 2002 Over Previous Year

The Internal Revenue Service more than doubled its criminal investigations in 2002 compared to the previous fiscal year, the Service reported last month. (Article)

New York City Unemployment Rate at Five-Year High

As the nation tries to assess the economic impact of the war in Iraq, there remains very little question as to the current financial outlook in New York City. (Article)

NYSSCPA Establishes Task Force of Financial Statement Users

The New York State Society of CPAs has established a task force focused on improving financial statement reporting and providing a link between members and the Financial Accounting Standards Board. (Article)

AICPA Issues Updated Illustrative Representation Letter for SSARS No. 9

The American Institute of CPAs in March issued a new “illustrative representation letter” in response to a recent update of the Statement on Standards for Accounting and Review Services (SSARS) No. 9, Omnibus Statement. (Article)

Western Regional Members in Industry and Commerce Conference

The Fourth Annual Western Regional Members in Industry and Commerce Conference will take place on May 21 at the Holiday Inn Airport in Rochester, N.Y. (Article)

Tax Treatment of Empire State Grants for NYC Businesses Affected by 9/11 (Article)

Common Ethical Problems for CPAs

In today’s climate of increased scrutiny, CPAs need to pay extra attention to the everyday ethical issues that are part of performing client services. (Article)

Committee Close-Up (Article)

CPAs Help Low-Income Filers

Sheldon Barasch recently recalled the seminal moment in 1969 when he and Jeff Gold saw a need among the working poor in New York City who, for various reasons, wouldn’t file a tax return, even if they were owed money. (Article)

Plan Your Firm’s Training and Development Strategy With FAE In-Firm CPE

A managing partner stretches his arms, following a long and busy tax season. (Article)

Interview with Brian K. Pearson, Chair of the NYSSCPA Business Valuation Conference (Article)

Auditing VPNs

Virtual Private Networks (VPNs) provide a means for external users to access internal networks in a secure manner. (Article)

Continuous Auditing: The New Business Reporting Model

The business reporting model of the future is online with real-time disclosures to stakeholders. (Article)

Hacking for Auditors

In today’s business environment, almost all accounting records are digital and stored on networked computers. (Article)

NYSSCPA Announces Financial Journalism Award Winners (Article)

Who Ya Gonna Call?

Taxpayers from across the state burned up the phone lines again this year, seeking free advice from members of the New York State Society of CPAs who voluntarily manned several tax help hotlines. (Article)

Chapter Newsletters

Buffalo Chapter

Letter to Senator Rath

Buffalo Chapter Nominations 2003 - 2004