August 2004
The Monthly Newspaper of the NYSSCPA
Vol. 7, No.11
What's Inside

Society to Help Evaluate School Audits

New Jersey Increases Taxes and Fees

Auditing Standards Environment in Flux

Proposed Reforms to Overhaul Nonprofits Generate Buzz

Community Service Award Named in Honor of Michael H. Urbach

A New Attitude

COAP Puts Minority High School Students on Accounting Track

New Standards Add More Weight to Reviews

Family Limited Partnerships: Proceed With Care

2004 Leadership Conference

Shining a Light on the Business Section of the Times Union

Funding of Terrorism Underscores Need for Due Diligence by Charities

Save the Date: 2004 Long Island Tax Practitioner Symposium

Three Society Members Appointed to Accountancy Board

Web Notes

Billing, Collecting and Suing for Fees

The AICPA;s Top 10 Technologies: What Are They and Why
Are They Important?

CPA Exam Tips

College Accounting Curriculum Gets Reality Check

Department of Labor Overhauls Overtime Regulations
State Accounting Reform Legislation Stalls

Three Chairs for Jerome Landau
Susan Schoenfeld, former chair of the New York State Society of CPAs’ Estate Planning Committee, presents Jerome Landau with a plaque commemorating Landau’s service to the committee over the last 10 years. Landau, a Society member since 1950, said his decision to join the committee in 1994 was “one of the best professional decisions I ever made.” Landau became an active member of the committee and has been instrumental in getting many committee articles published in The CPA Journal. Former committee chair Alan Kahn and immediate former chair Robert Ecker joined Schoenfeld in presenting Landau with the plaque during the committee’s annual Estate Planning Conference on July 13 in Manhattan.

By Simon Eskow

NEW YORK—An accounting reform bill (S302-D) that passed unanimously in the New York State Senate halted in the Assembly in June when legislators there opted to debut and push a vastly differing accounting reform bill instead.

But, the Assembly bill (A11695) failed to garner a vote before the legislature went into recess, despite an 11th hour rush to the Assembly floor.

The two bills could not differ from each other more. While S302-D calls for mandatory peer review, universal CPE requirements for CPAs in industry as well as for auditors, and expansion of experience for licensure, A11695 makes no such provisions, imposes stiff penalties for misconduct and allows for non-CPAs to offer compilation services.

Continue...
Board Extends New Chapters; Opens FAE Trustees' Nomination Process

By Kate Prouty

New York— In a continuing effort to support members in all regions of New York state, the New York State Society of CPAs Board of Directors decided to make its six newest chapters lasting fixtures. Continue...

Splendor in the Grassroots

By Simon Eskow

New York— It came as a surprise to many observers that the New York State Assembly would introduce a previously unheard-of accounting reform bill, just days before summer recess. Continue...
President's Commentary

By John J. Kearney

Are you familiar with the array of affinity or group benefit programs available to you as a member of the Society? A recent survey of the membership indicated that chances are you may not be. The board of directors recently approved several new programs. I want to review them and urge all members to review them too; you will be surprised by the extent and breadth of these offerings. Continue...

Chapter Newsletters

BROOKLYN
Message from the President
BUFFALO
Message from the President
MANHATTAN/BRONX
Message from the President
NASSAU
Message from the President
QUEENS
Message from the President
ROCKLAND
Message from the President
STATEN ISLAND
Message from the President
SYRACUSE
Message from the President
UTICA
Message from the President
WESTCHESTER
Message from the President

 


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