News

 
  • Momentum Against Big Four Builds in UK

    By:
    Chris Gaetano
    |
    Jun 19, 2018
    The United Kingdom's Financial Reporting Council, which regulates the audit profession, has found that Big Four firm KPMG is not performing work to an acceptable standard, exacerbating the already-tense relationship between the government and the Big Four in the wake of several high-profile audit failures. 
  • NY-Based Prometheum Aims to be First SEC-Compliant ICO Trade Platform

    By:
    Chris Gaetano
    |
    Jun 19, 2018
    Seeking to shed the anarchic reputation associated with many cryptocurrencies, the New York-based company Prometheum aims to be the first initial coin offering trading platform done in full compliance with all relevant Securities and Exchange Commission rules. 
  • Regulatory Roundup: June 13-19

    By:
    Chris Gaetano
    |
    Jun 19, 2018
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory ​​announcements from the past week, and puts them in one place to help you stay on top of the issues.      
  • AICPA's Melancon Raises Possibility of Alternate Pathways to Becoming CPA

    By:
    Chris Gaetano
    |
    Jun 18, 2018
    AICPA President and CEO Barry Melancon, in a recent speech, said that as the skills demanded by the industry change, becoming a CPA may involve alternate paths that reflect the increasingly tech-savvy nature of the profession. 
  • Citibank Settles LIBOR Manipulation Dispute for $100 Million

    By:
    Chris Gaetano
    |
    Jun 18, 2018
    Citibank has agreed to a $100 million settlement with the attorneys general of 41 different U.S. jurisdictions over accusations that it manipulated the London Interbank Offered Rate (LIBOR), a key interest rate that informs many other rates, such as those for government and corporate bonds, mortgages, student loans, and credit cards. 
  • SEC Corporate Finance Director Says Bitcoin, Ethereum Are Probably Not Securities

    By:
    Chris Gaetano
    |
    Jun 15, 2018
    William Hinman, the SEC's Director of the Division of Corporate Finance, said in a recent speech that the offers and sales of cryptocurrencies Bitcoin and Ethereum do not fit the definition of a securities transaction. 
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Press Room

  • NYSSCPA Announces Winners of 2018 Excellence in Financial Journalism Awards

    By:
    Maya Lindsay
    |
    May 17, 2018

    NYSSCPA Announces Winners of 2018 Excellence in Financial Journalism Awards

    NEW YORK — (May 17, 2018) — The New York State Society of Certified Public Accountants (NYSSCPA) is pleased to announce the winners of its 2018 Excellence in Financial Journalism Awards (EFJs).

    This award recognizes reporters from the national and local press whose work was published, posted or broadcast in 2017, contributed to a better and balanced understanding of business or financial topics. Winners were selected by a panel of judges comprised of NYSSCPA members and financial journalists, who ranked submissions on accuracy, quality and thoroughness of research as well as a fair and balanced representation of the topic. This year’s winners will be honored during a luncheon ceremony on June 8 at The Tribeca Grill in New York City.


  • Enter the 2018 Excellence in Financial Journalism Awards!

    By:
    Maya Lindsay
    |
    Feb 1, 2018

    NEW YORK – (Feb. 1 2018) – It’s about that time again! The Excellence in Financial Journalism Awards (EFJ) — honoring the best in business news journalism — is calling for submissions. Broadcast, print, radio and online news organizations and reporters can submit financial news stories that were published, posted or aired between Jan. 1 and Dec. 31, 2017. Business book authors and publishers can also enter this nationwide contest.

  • NYSSCPA's Trump Tax Reform Team of Accounting Experts Available for Interviews

    By:
    Maya Lindsay
    |
    Nov 2, 2017

    NEW YORK – (Nov. 2, 2017) – The U.S. House of Representatives released today its long-awaited tax reform bill, which includes major tax cuts, a new corporate tax rate, new tax brackets, and a deal on the state and local tax (SALT) deduction.

  • Long Island CPA Harold L. Deiters III Takes Helm of NY’s Largest CPA Group

    By:
    Michael Moi
    |
    Jun 15, 2017

    MELVILLE – (June 14, 2017) – Suffolk CPA, Harold L. Deiters III, a partner at Melville, Long Island, accounting and advisory firm, Baker Tilly, began his one-year term as President of the New York State Society of CPAs (NYSSCPA) June 1.

    Deiters takes the helm of the NYSSCPA as the organization pushes for legislation that would require peer reviews for all New York-based CPA firms, something only medium and large size firms have been required to do by law since 2011.

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