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| March 15, 2005 | The
Newspaper of the NYSSCPA |
Vol.
8, No.5 |
| More Improprieties Found in School Audits |
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New York—Continuing investigations of a firm specializing in school audits have uncovered improprieties at a second Long Island school district. An audit of work performed by firm Miller, Lilly and Pearce revealed “a continued pattern of substandard work and numerous violations of professional standards” in the firm’s dealings with the Manhasset School District, according to a Feb. 22 report released by New York State Comptroller Alan Hevesi. |
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| State Turns Again to Public Authority Reform |
| New York—Drawing on past efforts to reform governance of public authorities, state legislators and officials have proposed a new omnibus bill to rein in public authorities, quasi-governmental entities responsible for a significant amount of state debt but lacking in transparency and accountability. Continue... |
| Professors Debate Difficulty of Computerized CPA Exam |
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NEW YORK—A
computerized form of the standard CPA exam launched nationally in
April 2004. Now, some in the academic sector are saying that the
computer-based test (CBT) is easier for accounting students to pass
than the old exam.
Continue... |
| President's Commentary |
|
Around the country, the big watercooler question these days is: “Is Social Security in serious financial trouble, and if so, what should be done about it?” Of course, the answer largely depends on who you’re asking, and I suspect that for many of us, what we choose to believe lies somewhere in the papers and magazines we subscribe to, the public commentators we listen to, the political party we belong to, and, let’s not forget, the year we expect to retire. Continue... |
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