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| May 15, 2005 | The
Newspaper of the NYSSCPA |
Vol.
8, No.9 |
| Accounting
Reform Bill Introduced in State Senate |
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New York— A New York State senator has introduced accounting reform legislation similar to a previously proposed bill, but with new provisions governing substantial equivalency. Sen. Kenneth P. Lavalle (R–Port Jefferson) introduced S-4642 to the Senate on April 18. |
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| PCAOB Chair Talks Internal Controls |
| NEW YORK—Continued implementation of Standard No. 2 concerning an audit of internal controls over financial reporting remains the highest priority for the Public Company Accounting Oversight Board. To that end, PCAOB Chairman William McDonough late last month said the oversight body will issue additional guidance on the standard on May 16. Continue... |
| Society Releases Tax Reform Paper |
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NEW YORK—A
special New York State Society of CPAs committee last month released
a proposal to help federal officials develop a plan to reform the
nation’s income tax. Continue... |
| President's Commentary |
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Because this is my final column as president of the New York State Society of CPAs, you might think this one would be the easiest to write. At least I thought it would be, but in fact, I’m discovering quite the opposite is true. Continue... |
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