June 2004
The Monthly Newspaper of the NYSSCPA
Vol. 7, No.9

What's Inside

In Full Bloom

Senior Policy Committee to Steer Society's Peer Review, Ethics Initiatives

Society Invites Candidates for 2004 Nominating Committee

Update: Locations for FAE Conferences and Seminars

Identity Theft: Are You and Your Clients Safe?

Annual Conference Focuses on Good Reporting

Accountancy Board Leader Looks to New Year, Ongoing Issues

Good Guidance: PCAOB Creates Advisory Group

IRS Picks Society Member to Contribute Nonprofit Expertise

Reducing Payment System Risks in the Retail Delivery Channel

SUNY Oswego

An Interview with Robert E. Sohr, Chair of the Society’s Accounting and Auditing Oversight Committee

16 Tips for Avoiding Fraud

Conference Speakers Focus on Hot Issues for Closely Held and Flow-Through Entities

Stay on Top of the Latest in Accounting, Auditing, Comp and Review

State Bill Seeks Budget Reform

NYSSCPA Board of Directors Standing Rules As Approved by the
Board of Directors April 21, 2004

Helping Professionals Meet the Challenge: FAE's Anti-Fraud Conference

 

FASB Revisits Stock Options Expense Requirement

Fresh Perspective

Members of the New York State Society of CPAs gather for the Society’s 107th Annual election meeting and dinner on May 13. Photos and details, pages 10–12.

 

By Simon Eskow

NEW YORK—A Financial Accounting Standards Board proposal that would force companies to expense stock options has ignited strong opinion, pro and con, in letters to FASB, newspaper editorials and testimony on Capitol Hill.

A torrent of comment letters from more than 2,000 people swamped the FASB website in the first six weeks after the board released its exposure draft at the end of March. Supporters called the proposal a long-overdue piece of the transparency puzzle, while opponents argued that stock volatility precludes any reasonable way to account for the value of options.

Continue...

Accountancy Board Contemplates UAA Reforms

By Dennis O’Leary, Legislative Counsel

ALBANY—New York’s board of public accountancy met in late April to discuss proposed amendments that would implement significant provisions of the Uniform Accountancy Act (UAA). Continue...

NYSSCPA Board Approves Break-Even Budget

By Kate Prouty

NEW YORK—The New York State Society of CPAs’ Board of Directors approved its budget for fiscal year 2004–2005 at its April 21 meeting. Society Treasurer Arthur Bloom announced that, after cutting some initiatives out of the original budget, the Society stands on a break-even budget for next year. Continue...

President's Commentary

By John J. Kearney

I am humbled by the fact that a kid born in the Bronx could become president of anything, much less of the oldest and largest state accounting organization in the country. At this year’s 107th Annual Meeting and Dinner, I pledged to serve the New York State Society of CPAs and our profession to the best of my ability, and I hope that we, the members of the Society, can work together to make a difference in moving our profession forward. Continue...

Chapter Newsletters

BROOKLYN
COAP Plants Seed in Brooklyn
BUFFALO
Message from the President
MANHATTAN/BRONX
Message from the President
NORTHEAST
Message from the immediate past President
QUEENS
Message from the President
WESTCHESTER
Message from the President

 


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