The Trusted Professional

NEW YORK—If the state legislature fails to pass an accountancy reform bill during its 2008 session, a state education official said a rule may be adopted to require CPAs in New York state who perform tax services, or any service beyond attest and compilation, to tell clients they are providing them an unregulated service.

“For several years we talked about [requiring] licensees to disclose that they’re not regulated beyond attest and compilation in New York,” said Daniel J. Dustin, State Board of Public Accountancy executive secretary, at the board’s Nov. 14 meeting in Manhattan.

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Gov't Officials, AICPA Testify on Single Audit Issue

By Colleen Lutolf

Little has been written about a study released in June that found that over 50 percent of all single audits sampled were either of limited reliability, or worse, unacceptable—but those within the profession have taken notice. Continue...

SET Tax Proposal Highlighted at Tax/Plenary Conference

By Melissa Hoffmann Lajara

NEW YORK—When it comes to interpreting the tax code, is there a simpler way? Continue...

President's Commentary

Most people are familiar with the Big Bang theory—that our expanding universe was created out of chaos. Agree or disagree, there is a lot of evidence to suggest that it might be true. There is, however, no evidence to suggest that many of the current fundamental tax reform theories that are supposed to fix our federal income tax system will bring order to that madness. Continue...

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Message from the President-Elect

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Message from the President

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Message from the President

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