March 1 , 2004
The Monthly Newspaper of the NYSSCPA
Vol. 7, No.4

What's Inside

IRS Discusses New Initiatives and Procedures at Annual Liaison Meeting

CPA Journal Celebrates New Design

Committee Close Up

FASB Puts Aside Consolidation Project

Chair Time

Business Valuation Conference Set for May 17

Web Notes

We've Got the Beat

NYC Officials Look to Single-Audit Approach

Ship for Less

Privacy Concerns Add to Outsourcing Issue

Martha Media

Media trucks in February park outside the federal courthouse in lower Manhattan where domestic maven Martha Stewart and her former broker Peter Bacanovic stand trial. Stewart is charged with securities fraud, conspiracy, obstruction of justice, and making false statements; Bacanovic with conspiracy, obstruction of justice, making false statements and false documents, and perjury—all stemming from a sale of Imclone Systems stock that Stewart made on Dec. 27, 2001.

By Simon Eskow

New York— Sole practitioner Judith Penney is hawkish on protecting her clients’ private information, as all CPAs tend to be.

But last year, she discovered almost incidentally that her tax services provider had begun to use a technical support contractor overseas, and she started to lose sleep over it.

“About three months ago, I picked up the phone with a question, and as I started talking to them (her tax services provider), I became curious,” Penney said. “I said, ‘Where are you?’ and they said they were in India, and I was a little nervous. As tax season got closer…I started getting up in the middle of the night thinking about privacy.”

Continue...

AICPA Extends Melancon’s Tenure

By Simon Eskow

New York—The American Institute of CPAs’ Board of Directors in February voted to extend President Barry Melancon’s tenure to a third five-year term, the Institute announced last month. Continue...

FAE Folio

By Jo Ann Golden

Headlines bearing news of financial and accounting disasters, from Enron to Parmalat, have tended to portray our profession as somewhat of a sinking ship. Continue...

Chapter Newsletters

MANHATTAN/BRONX

E-File Task Force Brings seminars to chapters

NORTHEAST

Internships Wanted for City-Funded Program

SYRACUSE
Message from the President

 


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