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| April 1 , 2007 | The
Newspaper of the NYSSCPA |
Vol.
10, No.6 |
| Position Statements from President-Elect Nominees: | |
| Sharon
Sabba Fierstein, Nominating Committee Nominee
The NYSSCPA and FAE have been significant parts of my professional and personal life for most of my 25-year career. Through the various stages of my working life (from a Big Eight firm to private industry to a mid-sized public accounting firm), the NYSSCPA and FAE have been central to my professional development, my continuing education and my personal relationships. Particularly during my tenure in industry, the Society was my touchstone for accounting issues and professional contacts. |
Raymond
M. Nowicki, Independent Nominee My Fellow CPAs of New York State: I am your independent nominee for the President-Elect position for the NYSSCPA in 2007. In all likelihood, it is the tail-end of tax season, and you are hardly interested in reading a theoretical term paper full of rhetoric and promises. |
| Society Comments on 404 Changes |
| NEW YORK—In a comment letter issued by the Society at the end of February in response to the Public Company Accounting Oversight Board’s (PCAOB) call for remarks on its proposed changes to Section 404 of Sarbanes-Oxley’s corporate reform law, the drafters praised the PCAOB’s growing “emphasis on the importance of risk assessment in an audit of internal control over financial reporting” and exhibited strong support of “the removal of the separate opinion on management’s assessment,” though they remained critical of certain provisions, such as the deletion of the statement that “each year’s audit must stand on its own.” Continue...
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| Tax Alert: N.Y. State E-Extensions with Balance Due |
| NEW YORK—Members are alerted to the fact that while there is a mechanism for filing an electronic tax return without paying electronically, there is no comparable method of filing an electronic extension without paying by means of electronic funds withdrawal or credit card. Continue... |
| The Importance of Facts in a Democratic Process |
| By Thomas E. Riley, NYSSCPA President Next month, our membership will receive a proxy ballot that will reflect the first contested election for President-Elect in the Society’s memory, if not history. Democracy is healthy, and our members have not only the right but also the obligation to evaluate both the issues and the candidates to ensure that their Society and their profession are led by the candidate best able to represent their interests in a changing professional world. Continue... |
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