Hevesi Establishes New Fraud Hotline

New York Stock Option Tax Rules Invalidated

State Board Tackles Indemnification

Financial Literacy Starts at an Early Age

The IRS Appeals Process

Hedge Funds Go to Hollywood

By William R. Lalli, CPA, Tax Policy Manager

NEW YORK—In a letter sent to the Tax Executive Committee of the American Institute of Certified Public Accountants (AICPA) on Aug. 16, the NYSSCPA offered “comments for consideration” on the Institute’s ”Proposed Statement on Standards for Tax Services No. 9, Quality Control,” originally released on Dec. 30, 2005. Continue...

By Forrest Whitesides

ALBANY—At its Aug. 30 meeting in Albany, the New York State Board for Public Accountancy (NYSPBA) voted to recommend to the New York Board of Regents a critical improvement to the computer-based CPA exam: the adoption of numerical scoring of the exam rather than the current pass/fail reporting. The NYSBPA also voted to recommend to the Regents an amendment to the 18-month timeframe during which a candidate must pass all four parts of the exam. Continue...

I hope this column finds you relaxed and reinvigorated after a great summer of vacationing and spending time with friends and family. But alas, the golden days of summer are but a fond memory, and by now you’ve likely had to rake fall’s brilliantly colored leaves from your yard (or have at least seen them in Central Park). Now that we’re all back in the swing of things after our summer excursions, it’s a great time to take stock of your involvement with the Society. Continue...