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| January, 2004 | The
Monthly Newspaper of the NYSSCPA |
Vol.
7, No. 1 |
Committee CloseUp
By Nereida Gomez and Ernest J. Markezin, Committee Services
Auditing Standards and Procedures
The Auditing Standards and Procedures Committee, chaired by Margaret A. Wood, with the assistance of the Technology Assurance Committee, chaired by Gary E. Carpenter, prepared and released comments to the Public Company Accounting Oversight Board on its first proposed auditing standard regarding audits of internal control over financial reporting performed in conjunction with an audit of financial statements. The comment letter can be viewed online at www.nysscpa.org under “Professional Resources.”
Exempt Organizations
The Exempt Organizations Committee, chaired by Martin S. Cantor, sponsored a conference on Dec. 4 at the New York Helmsley Hotel. Attended by more than 100 registrants, the conference was designed for practitioners and their staffs who service nonprofit organizations and are involved with tax issues.
Real Estate Committee
The Real Estate Committee, chaired by Barry G. Moss, held a CPE session, “Update in New York City Real Estate Tax and Certiorari Issues,” at its Dec. 8 meeting. Guest speaker Robert M. Pollack of Fordham University School of Law spoke on the current issues faced by owners of real estate.
Tax Division Oversight
The Tax Division Oversight Committee, chaired by Stephen P. Valenti, sponsored the Investment Partnership Conference on Oct. 20 at the Crowne Plaza Hotel. Attended by more than 300 registrants, the conference provided an update on current accounting, legal and tax issues and on other areas that impact investment partnerships and financial products.
Editor’s Note: The following is a glimpse of the latest events and developments from some of the Society’s more than 60 committees.
