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| April 1, 2005 | The
Newspaper of the NYSSCPA |
Vol.
8, No.6 |
| AICPA Paper Tackles Social Security |
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NEW YORK—President George Bush’s thrust to alter the Social Security system has prompted the American Institute of CPAs to issue a hefty analysis that urges policy makers to fully comprehend the Social Security issue before making any efforts to change it. The AICPA’s Understanding Social Security Reform: The Issues and Alternatives, an authoritative, 121-page manual, analyzes factors that should be considered in Social Security reform efforts. |
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| The GAAP Discussion |
| NEW YORK—Generally accepted accounting principles (GAAP) as adopted by the Financial Accounting Standards Board (FASB) are an important constraint on how companies prepare their financial statements, but relevance and increasing costs and complexity continue to stir the debate over a one-size-fits-all approach to financial reporting. Continue... |
| Public Authority Bill Progresses |
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New York—The
New York State Assembly approved a bill intended to bring accountability
and transparency to New York’s 733 quasi-governmental public
authorities and their subsidiaries.
Continue... |
| Committee Bulletin |
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The New York State Society of CPAs’ Accounting and Auditing Division has entered an era of increased participation in the formation of public policy recommendations since the Sarbanes-Oxley Act passed in 2002. Continue... |
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