September 2001 Articles

Society Assists in Wake of Terror Attacks

NEW YORK—The New York State Society of CPAs has launched initiatives to assist members dealing with the terrorist attacks that flattened the World Trade Center, killing untold numbers of people and sending ripples of grief and trouble through the country at large and financial industries in particular. (Article)

XYZ Forums Wrap Up, New York Members Still Opposed

NEW YORK—The last of 12 XYZ educational seminars held at selected NYSSCPA chapter meetings recently concluded and members remain overwhelmingly opposed to the proposed global credential. (Article)

President's Commentary

Getting something for free is rare in life, especially when it is something that you can really use. Taking this into account, the New York State Society of CPAs has decided to give its members something that can be of great benefit to them. (Article)

Everything You Ever Wanted to Know About the Joint Trial Board but Were Afraid to Ask

One of the missions of the New York State Society of CPAs Professional Ethics Committee (PEC) is to investigate complaints involving the Code of Professional Conduct and the bylaws, as well as applicable state laws and regulations. (Article)

Disciplinary Matters (Article)

Everything You Manhattan/Bronx Chapter Hosts Mayoral Candidates Meeting

Though only several months old, the Manhattan/Bronx Chapter recently got off to a good start by hosting a successful mayoral candidates meeting. (Article)

Young CPAs Forum Exceeds Expectations

My three-year involvement with the NYSSCPA Buffalo Chapter’s Young CPAs Committee took a big leap forward this summer. On July 12-13, the committee held the first-ever Young CPAs Forum, and to say it went well is quite an understatement. (Article)

Achieve a Sound Credit Policy Through the Affinity Partnership of the NYSSCPA and the National Credit Group

In today’s fluctuating economy, cash flow management is critical. Unfortunately, many small- and mid-size companies lack the one tool necessary to accomplish proper management: solid credit policy. (Article)

Member Q & A (Article)

Keep a Lookout for Your Update Form

Every member of the New York State Society of CPAs will soon receive an annual records update form in the mail. (Article)

Brookhaven IRS Prepares for Major Changes

The Reorganization and centralization of services throughout the country will alter how local accountants deal with the Internal Revenue Service in the coming months, agency officials said last month during a meeting with accountants. (Article)

The Big Bang in Governmental GAAP: A Synopsis of Recent GASB Statements

CPAs with government clients and those in government service are probably familiar with a string of new, and not so new, pronouncements of the Governmental Accounting Standards Board that are beginning to affect reporting by some governmental entities, and will soon spread to all state and local governments. (Article)

Court Rejects Contract Claim Based on Professional Ethics Rules

A federal court in New York City recently dismissed a claim by a certified public accountant that the termination of his employment constituted a breach of an implied contract to comply with the ethical rules of the accounting profession. (Article)

Risk Management

Many CPAs avoid professional liability claims by taking time to inquire about potential new clients before engaging. (Article)

Computer Security in an Internet Age

The very nature of computing changed markedly in the 1980s and 1990s with the advent of the personal computer. Business workflows revolutionized, competitive advantages and tremendous new opportunities sprung up, and computer use spread through businesses and into many homes. (Article)

Website FAQs (Article)

Conference to Reveal Inside Scoop on Taxation of Financial Products

The Foundation for Accounting Education’s Taxation of Financial Products conference promises to be an informative and exciting opportunity to learn about credit derivatives, tax shelters, Section 864(b) and other topics. (Article)

Second Annual CPA Symposium Scheduled for Syracuse in July 2002

The Young CPA committees from several chapters have already begun work on the second annual 2002 CPA Symposium in Syracuse, following its recent successful premiere in Buffalo. (Article)