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May 2002 Articles

Accounting Legislation Percolates in the Post-Enron Era

ALBANY—A pair of bills sponsored by New York state senators and drafted in response to the Enron debacle drew closer to passage in early May, though some doubt lingered over whether lawmakers would have time to vote on the legislation before the current session ends on June 20. (Article)

Continuing Professional Education and Compliance with New York State Requirements

NEW YORK—The Foundation for Accounting Education Board of Trustees devoted a significant portion of its April 29 meeting to a discussion of programs developed by local chapters and run throughout New York state. (Article)

SSNI, SSLLC Unable to Reach Contract With CPA2Biz

NEW YORK—After more than 18 months of planning and talks, negotiations involving the State Societies Network Inc. (SSNI), Shared Services Limited Liability Corporation (SSLLC) and CPA2Biz failed to yield a contract that is acceptable to all parties. (Article)

President's Commentary

Until recently, the work of the accounting profession has been somewhat of a mystery to the general public. (Article)

NYSSCPA Inducts Past Society President into Hall of Fame

The New York State Society of CPAs selected the first living member to be inducted into the Society’s Hall of Fame, which recognizes CPAs for their exceptional contributions to the profession and the community at large. (Article)

Tax Committee Launches Task Force to Discuss E-File

The New York State Society of CPAs Tax Division Oversight Committee recently voted to establish a task force on the Internal Revenue Service’s (IRS) push for electronically filed tax returns. (Article)

Society Puts Finger on the Pulse of CPA Journal Readers

Readers of The CPA Journal overwhelmingly look to the monthly magazine as an authoritative source that makes them feel up-to-date on professional issues, especially in taxation, financial planning and audit and attest matters, according to a survey commissioned by the New York State Society of CPAs. (Article)

member Q & A (Article)

Letter to the Editor: (Article)

Editor’s Response (Article)

New FAE Rules and Administrative Procedures

As the Foundation for Accounting Education (FAE) revamps its educational programming, the New York State Society of CPAs’ Board of Directors and the FAE Board of Trustees have instituted new rules and procedures pertaining to the registration and delivery of FAE’s continuing professional education (CPE) courses and events. (Article)

Who’s Protecting the CPA?

The fallout from the Enron debacle has the potential to permanently tarnish the reputation of this country’s hard-working CPAs. Unfortunately, the bad press CPAs are contending with is an image problem created by large accounting firms over the past few years. (Article)

Filing Taxes for Clerics by Chapter and Verse

A rabbi and a priest walk into a CPA firm on April 14. The rabbi says to the CPA…” (Article)

Technological Advances: The Accounting Profession’s Obligation to Stay Informed

As the Internet has evolved, businesses have altered their traditional structures and now are able to offer web-based products and services. New technology has given businesses the ability to internetwork, creating wireless channels of electronic transactions as a result. (Article)

Putting Together the Bits and Pieces with Computer Forensics

If a client called you about suspected fraud, illegal activities, or misuse involving their computers and wanted your assistance what would you do? (Article)

Internet and Network Vulnerability Scanning Through ISS

Does your audit client have a website, intranet or use e-mail? Are the computer servers for these applications on the same network as the payroll, human resources and financial information systems used to prepare the financial statements? (Article)

NYSSCPA.org Enjoys Record Month

Driven by last-minute tax filers, the Enron situation and a new design, the New York State Society of CPAs website—www.nysscpa.org—experienced a record-setting month this April for number of hits to the site. (Article)

Six Warning Signs of a Claim

The following are six warning signs of a claim brewing on the horizon. While the symptoms and issues associated with claims are identified here, CPAs need to seek risk management advice that is tailored to each individual claims situation. (Article)

State Charities Bureau Briefs Society Committees, Seeks Their Input

The annual joint session between representatives of the New York State Charities Bureau and the New York State Society of CPAs Not-for-Profit Organizations Committee and Exempt Organizations Committee is always a unique opportunity for dialogue. (Article)

Stand-Out CPAs and Others Recognized at Annual Election Dinner

The New York State Society of CPAs recently honored more than 25 members, students, journalists and others who distinguished themselves in the 2001-2002 year for everything from general service to the NYSSCPA to excellence in writing and public speaking (Article)

You Are On the Air

One of the best resources for generating publicity for your practice or firm is through your local radio station. As a CPA, you possess a broad range of financial knowledge and expertise, which makes you an excellent interview for a radio station that wants to provide their listeners with some insight and perspective on developments in the accounting profession. (Article)

Ads to Help Pique Students’ Interest in Accounting Profession

In an effort to draw young people’s attention to the opportunities that an accounting career affords, the New York State Society of CPAs created and paid for two recruitment ads that have been running in college newspapers throughout New York state. (Article)