May 1, 2007
The Newspaper of the NYSSCPA
Vol. 10, No.8

What's Inside

Letters to the Editor

NYSSCPA Thanks Committee Chairs

Society Announces Winners of Journalism Awards

NYSSCPA Thanks Committee Technical Hotline Volunteers

NYSSCPA Thanks Comment Letter Drafters

Supporting Your Brand via the Media

Disciplinary Matters

PCAOB Proposes New Standards and Discusses Independence 

By By Allison Schiff

Members of the Society's Employee Benefits Committee listen as Mitchell Katz, vice president of Guardian Investor Services, gives a presentation on wariable annuities.

NEW YORK—In a series of announcements released in tandem at the beginning of April, the Public Company Accounting Oversight Board (PCAOB) proposed for public comment new restatement standards that would “update and clarify” auditors’ responsibilities and “enhance auditor reporting on accounting changes and correction of misstatements” by more clearly distinguishing between errors due to mistakes versus errors that were the result of a change in accounting principles.

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DOJ Charges Jackson Hewitt Franchisees with Fraud

By Allison Schiff

WASHINGTON—In suits alleging more than $70 million in combined losses to the U.S. Treasury, the Department of Justice (DOJ) called out Jackson Hewitt franchises in four states at the beginning of April for what it called “pervasive fraud.”

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Society Comments on SEC Internal Controls Proposal

By Dana A. Dillehunt

NEW YORK—In response to interpretive guidance for management from the Securities and Exchange Commission regarding its “evaluation of internal control over financial reporting,” the Society has issued a public comment letter stating that, though it found the SEC’s proposal “well-organized” and replete with “illustrative examples that add clarity,” also, according to SEC Practice Committee Chair Mitchell J. Mertz, the proposal “needs more clarification and guidance.”

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Technology Tips for CPAs

By Will Fleenor, CPA, CITP, PhD

There is no doubt that technology has had a great deal to do with the huge productivity gains we have seen in the U.S. economy over the past three decades. This is a well-documented fact. There is also little doubt that most accountants utilize only a small fraction of the technology that is potentially available to them. Most are too busy working to take time out to learn how to work more efficiently.

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Chapter Newsletters

ROCHESTER
Message from the President
ROCKLAND

Message from the President

SUFFOLK

Accountant's Forum

SUFFOLK

Message from the President

UTICA

Message from the President

UPFRONT ARTICLE
No Relaxation Until After Taxation


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