On October 26, the Society and FAE submitted comments to the NY State Education Department on two proposed amendments to the Education Commissioner’s regulations. (Article)

AICPA Council Approves Modified Cognitor Resolution

LAS VEGAS—The American Institute of CPAs fall Council meeting in Las Vegas approved a resolution to continue the development of the global professional credential, which is tentatively named “Cognitor,” but requires the AICPA to conduct further research and prepare a business plan including financial projections. (Article)

Year-end Tax Planning

The alternative minimum tax (AMT), capital gains and losses, and charitable gifts are some things that CPAs should consider when developing year-end tax strategies for their individual clients, according to tax practitioners. (Article)

President's Commentary

As we go to press this month, the New York Delegation of the American Institute of CPAs Council has just returned from the fall meeting in Las Vegas. (Article)

CPA Firm Makes Headlines as Auditor to the Catholic Church

When the Brooklyn Diocese began looking into the finances of one of the parish’s favorite pastors, they sought outside help to determine whether fraud was involved. (Article)

Business or Profession?

Certified public accounting is a relatively young profession: The medical and legal professions have existed for centuries, the CPA profession for little over 100 years. (Article)

NYSSCPA Members Receive AICPA Gold Medal

New York State Society of CPAs members Richard E. Piluso and Dominic A. Tarantino were honored with the American Institute of CPAs’ Gold Medal for Distinguished Service at the AICPA’s fall Council meeting in Las Vegas. (Article)

Society Website Adds Online News Source

The New York State Society of CPAs website recently launched a section that provides daily news coverage pertaining to the accounting profession. (Article)

Website FAQs

I was looking at the Useful Links page—which was extremely helpful, by the way—and thought I might have one or two suggestions for some additional links. Whom should I contact in order to share this information? (Article)

Rochester Chapter

The Rochester Chapter kicked off the new year with its annual clam bake and officers visitation. The chapter’s first core event, which took place at the Monroe Country Club, was very well attended and well received by the membership.(Article)

Members in the news (Article)

A Roundup of New York’s Employment-Related Statutes: Part I

The laws of New York are chock-full of requirements that govern the workplace and the conduct of employers. While many of these can be found in the New York Labor Law, a large number reside in other statutes, including those that employers may not encounter in the ordinary course of business. (Article)

Commentary

The New York State Board of Regents Conference on the Professions, the first of its kind since 1977, focused on the interference with professional practices, including accounting practices, caused by corporate ownership. (Article)

Lack Could Mean Liability

A downturn in the market coupled with a litigious employee could spell trouble for companies whose investment strategies are unknown, unclear, or perceived as failing to produce hoped for returns, according to a presentation at the New York State Society of CPAs Chief Financial Officers Conference on October 12. (Article)

Nominating Committee Finalized at Annual Luncheon

The members of the New York State Society of CPAs 2000–2001 nominating committee were finalized on Nov. 8 at the Society’s Annual Luncheon Meeting. Society President P. Gerard Sokolski presided over the meeting that picked the nine committee members. (Article)

CPAdirectory.com Opposes Cognitor

Internet portal CPAdirectory.com has weighed in on the Cognitor issue, taking a stand against the global designation as proposed by the international task force that includes the American Institute of CPAs. (Article)

Cognitor is not the Answer

I believe we have to change but “the Cognitor” is not the answer. I’ve listened to various presentations in the past two days. I’ve read about turning knowledge into value. (Article)