March 1, 2005
The Monthly Newspaper of the NYSSCPA
Vol. 8, No.4

What's Inside

AICPA Releases Best Practices for Audit Committees

CPA Volunteers Needed for Tax Season

NYSSCPA Member Gail Winawer Dies

Help Us Serve the Members

Credit Card Debt

Have a Tax Problem You Can't Get Resolved?

Committee Close-Up

The Art of 'Pushing Back'

2005 - 2006 Nominees

Society Helps Journalists Investigate the Numbers

COBRA Fills the Gap

Spotlight on the AICPA's CPA Ambassador Program

CBT Concerns State Board

Getting the Facts

Left to right: IRS Area Director of Taxpayer Education and Communication Ellen Murphy, Gerard Borod and IRS Manhattan Taxpayer Education and Communication Territory Manager Kittie Hill attend the annual liaison meeting on Jan. 26, where members of the NYSSCPA’s Relations with the IRS Committee met with representatives from the Service. Former Committee Chair Borod and Hill created the program, which focused on developments in collections and examinations. David Sands (not pictured) is the current chair of the Relations with the IRS Committee and partner at Buchbinder Tunick & Company LLP. The full story will appear in the March 15 issue of The Trusted Professional.

By Simon Eskow

New York—Reports of software glitches and concern over an impending increase in fees prompted state officials to voice their concerns about the computer-based test (CBT) for the Uniform CPA Exam.

In a Feb. 1 letter to exam officials, New York State Board for Public Accountancy Executive Secretary Daniel Dustin asked the American Institute of CPAs to address “significant deficiencies” reported since the exam launched in April 2004.

The deficiencies included implementation flaws and poor quality control, unresolved technical issues, a poorly designed candidate diagnostic report, and a proposed increase in testing fees, which some believe represents a “significant barrier to entry into the profession.”

Continue...

AICPA Hones 101-3

By Jay Dismukes

NEW YORK—Member calls for clarification have prompted the American Institute of CPAs to make revisions to Interpretation 101-3 that are intended to abate any confusion over the competent-employee and documentation requirements. Continue...

COCO to Sunset

By Jay Dismukes

NEW YORK—A streamlined New York State Society of CPAs’ committee structure that will include the dissolution of a supervisory committee that has completed its mandate is set to take effect this summer. Continue...

Committtee Bulletin

By Ray Nowicki

Our profession, for decades, was based on a set of slowly evolving standards and laws, and it seemed that our Society also evolved slowly. Many of us remember the annual trek to Skidmore College, in upstate New York, for CPE and camaraderie. It was the classic same-old same-old, and we took comfort in that. The days of the quiet sedentary CPA world, on both a national and a state-wide level, are gone. Continue...

Chapter Newsletters

FINGER LAKES
Come on Board for Finger Lakes Participation
NORTHEAST

Upcoming Events Keep Northeast Chapter Busy

Program to Cover Fraud Protection

SUFFOLK
Suffolk Mock Trial, Young CPAs Mixer a Success

 


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