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| October 15, 2006 | The
Newspaper of the NYSSCPA |
Vol.
9, No.18 |
| FAE Reaffirms Strategic Goals for Professional Education |
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By Allison Schiff and Forrest Whitesides NEW YORK—The NYSSCPA Board of Directors, at its meeting at Society headquarters in Manhattan Sept. 20, heard a reaffirmation from the FAE Trustees that since professional education is a strategic goal of the Society, the availability of such educational programs to members—in the form of continuing professional educational conferences and seminars as coordinated by the Foundation for Accounting Education—should take precedence over profitability. Additionally, the Directors approved the 2005–2006 annual audit report of the Society, conducted by audit firm Goldstein Golub Kessler LLP. |
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| FASB Targets Fair Value with New Standard |
| NORWALK, CONN.—The
Financial Accounting Standards Board’s new standard regarding
fair value accounting seeks to shed light on rules for employing
fair value to measure assets and liabilities. Continue...
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| Long Island School District Woes Continue |
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NEW YORK—In
the latest news of the ongoing accounting troubles at Long Island
schools, three former school district employees faced sentencing
for their roles in the Roslyn School District scandal, and a new
report made public by the Suffolk District Attorney criticized benefit
packages for school administrators and called for a new state agency
to oversee school district finances. Continue... |
| NY State Issues $700 Million in STAR Rebate Checks |
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In what Governor George E. Pataki called an “extension of the successful STAR (School Tax Relief) tax relief plan,” 3.4 million direct rebate checks, totaling approximately $700 million, were mailed to New York state homeowners by the NYS Tax Department beginning in September, with the purpose of providing “additional relief from their school property taxes.” Continue... |
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