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Affected Bylaws Provisions

By Allison Schiff

NEW YORK—In a vote at its February meeting, the New York State Board of Regents approved a regulatory amendment to section 70.3 of the Regulations of the Commissioner of Education that included a provision to extend the credit for any successfully passed section of the Uniform CPA Examination “to be valid for a full eighteen months immediately following the end of the examination window in which a candidate sat for such section,” according to State Board Executive Secretary Daniel J. Dustin.

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By Allison Schiff

NEW YORK—A contentious issue since the 1998 Federal Court of Appeals case (State Street Bank & Trust v. Signature Financial Group, Inc.) that gave individuals and organizations the right to patent so-called novel business methods, tax strategy patents have become an increasingly divisive issue for CPAs and their clients.

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By John J. Lauchert, Chair, Bylaws Revision Task Force

Early in his term, NYSSCPA President Tom Riley appointed a task force to review the Society’s bylaws and recommend changes. The task force includes Joseph L. Charles, Andrew Cohen, Martha A. Jaeckle and Laurence Keiser and is chaired by me. We presented a preliminary report to the Executive Committee in February which authorized the membership exposure of the task force’s proposals. The affected bylaw provisions are reprinted on page 10, and the complete bylaws are available for review on the Society’s website at www.nysscpa.org/society/bylaws.htm.

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