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| April 15, 2008 | The
Newspaper of the NYSSCPA |
Vol.
11, No.7 |
| What's
Inside |
| Members Respond to Bear Stearns Bailout NYSSCPA 2007 – 2008 Award Winners Tax Notes Editor Lee Sheppard Answers Hedge Fund Questions at Committee Meeting |
| Senate Introduces Accountancy Reform Bill for New York |
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By Colleen Lutolf, Trusted Professional Staff NEW YORK—For the ninth consecutive year, an accountancy reform bill that would make sweeping changes to the CPA profession in New York state has been introduced in the State Senate. |
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| Treasury Audit Advisory Committee Releases Draft Report |
| By Colleen Lutolf, Trusted Professional Staff WASHINGTON
D.C.—Forget the Bear Stearns bailout. A governmental advisory
committee may soon recommend putting in place a mechanism for a
Big Four firm bailout—if necessary. Continue...
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| Bankruptcy Report Alleges Auditor Missteps |
By Melissa Hoffmann Lajara , Trusted Professional Staff NEW YORK—A
United States bankruptcy court examiner is accusing the Big Four
firm KPMG of turning a blind eye to questionable accounting practices
by its now defunct client, New Century Financial, according to an
independent report solicited by the United States Department of
Justice.
Continue... |
| President's Commentary |
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When great thinkers are faced with a challenge, they don’t see obstacles; they see opportunities. Continue... |
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