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| November 1, 2005 | The
Newspaper of the NYSSCPA |
Vol.
8, No.19 |
| What's
Inside |
| New York Enacts Security Breach Legislation Know the Changes to NY Trust Accounting Rules Q&A With Grove Potter, Executive Business Editor of The Buffalo News |
| Candidate Costs Rise |
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New York—It’s getting more expensive to become a certified public accountant in New York these days. When you add up the cost to take the unified CPA exam and the cost of licensure, recent college graduates looking to enter the profession in New York will have to shell out more than $1,000, assuming that all four parts of the exam are passed on the first attempt. Where does all the money go? Getting licensed for the first time in New York state currently costs $345, which includes the candidate’s first three years of licensure fees. |
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| Comptroller Continues L.I. School Audits |
| ALBANY—The aftermath of the Roslyn, Long Island, school district financial scandal has set in motion an assurance from the State Comptroller’s Office that every one of New York state’s approximately 700 school districts will be audited over the next five years. Continue... |
| AICPA Releases Tax Reform Report |
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WASHINGTON—Making
sense of tax reform is hardly a new phenomenon, but it’s a
necessary one in a day and age when there are few absolutes regarding
restructuring. On Oct. 17, the American Institute of Certified Public
Accountants released a new report titled “Understanding Tax
Reform: A Guide to 21st Century Alternatives.”
Continue... |
| President's Commentary |
| Back in 2002, shortly after the passage of the Sarbanes-Oxley Act, former Society President Jo Ann Golden created the Ethics and Quality Control Task Force to study the roles of peer review and ethics enforcement in the profession. The Task Force’s job was to identify key areas in which the profession needed to improve in order to elevate itself out of the political and ethical fallout of the accounting scandals that made headlines then and now. Continue... |
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