By COLLEEN LUTOLF, Trusted Professional Staff

ALBANY—Experience for licensure, domestic and international mobility, and professional competency were the focus of the first of two Board of Regents Professional Practice Committee meetings scheduled to review emergency draft regulations that, once adopted, will implement the New York state accountancy reform law that takes effect July 26.

The Board of Regents is expected to vote on the full package of proposed regulations at its June 22 meeting.

Since the regulations that will implement the law are composed of 14 far-reaching provisions, covering multiple subtopics, the Regents is reviewing them in two parts; eight provisions were reviewed May 18, and several more provisions are scheduled for review June 22, before the vote.

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By COLLEEN LUTOLF, Trusted Professional Staff

NEWYORK—NYSSCPA Immediate Past President Sharon Sabba Fierstein passed the presidential torch to President David J. Moynihan at the Society’s 112th annual Election Meeting and Dinner on May 14. “Quality matters” will be the focus of his presidency, Moynihan said during his acceptance speech. Continue...

By COLLEEN LUTOLF, Trusted Professional Staff

ALBANY—The accountancy reform law that goes into effect July 26 will bring
thousands more CPAs practicing in New York into the regulatory oversight of the State Education Department’s (SED’s) Office of the Professions (OP). While this may undoubtedly be a good thing for New Yorkers, the CPAs who provide them services, and the NYSSCPA—which advocated for the law for 10 years before its passage—the Office of the Professions does not currently have the resources, including enough staff, to implement the new law or even meet the administrative requirements of the other 47 professions it oversees, SED Associate Commissioner Frank Muñoz said at a May 18 Board of Regents’ Professional Practice Committee meeting.Continue...

The best way for me to give you an idea of who I am and what you can expect from me as your new Society president can best be conveyed through a story about my father, who became a CPA in 1964, when he was 49 years old. Continue...