News

 
  • Federal Court Fines Bitcoin Ponzi Schemer $2.5 Million

    By:
    Chris Gaetano
    |
    Oct 19, 2018
    A federal judge has ordered New York-based company Gelfman Blueprint, Inc. (GBI) and its, CEO Nicholas Gelfman, to pay more than $2.5 million for running a bitcoin-based Ponzi scheme, in a matter which was filed by the Commodity Futures Trading Commission (CFTC).
  • IRS Temporarily Lifts Restrictions on Offering Low-Income Housing to Disaster Victims

    By:
    Chris Gaetano
    |
    Oct 19, 2018
    The IRS has temporarily halted certain restrictions on low-income housing so as to make it easier to provide emergency shelter to victims of natural disasters.
  • Speaker: New Revenue Recognition Standards Hold Important Implications for Construction Industry

    By:
    Chris Gaetano
    |
    Oct 19, 2018
    The new revenue recognition standards, which are effective for all reporting periods after December 2017, has upended several standard practices within the construction industry, particularly when it comes to contracts, forcing firms to adjust in order to meet the new rules. 
  • Former KPMG Exec Pleads Guilty to Using Confidential Info to Deceive Regulators

    By:
    Chris Gaetano
    |
    Oct 18, 2018
    Cynthia Holder, a former executive director at at KPMG, has pleaded guilty to her involvement in a scheme that used leaked confidential information from the Public Company Accounting Oversight Board (PCAOB) to pass regulatory inspections. 
  • Speakers Explore What Corporate Form Is Better in Wake of New Tax Law: C Corporation or Pass-Through

    By:
    Chris Gaetano
    |
    Oct 18, 2018
    The Tax Cuts and Jobs Act has overturned previous assumptions about whether a business is better off operating as pass-through entity or a C corporation, and created a new set of circumstances on which to base such a decision. A pair of speakers at the Foundation for Accounting Education's Business and Industry Conference on Oct. 17 explored the advantages and disadvantages of each choice in the wake of these changes. 
  • SEC Suspends Three Accountants Over Alleged Audit Improprieties

    By:
    Chris Gaetano
    |
    Oct 17, 2018
    The Securities and Exchange Commission has suspended three former BDO accountants from auditing public companies based on its finding that one of them predated work papers to make it appear that his audit team had completed a public company audit on time when the team couldn't meet a deadline, and the other two failed to detect the improprieties.
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Press Room

  • Jan C. Herringer Elected President of NY’s Largest CPA Group

    By:
    Maya Lindsay
    |
    Jun 14, 2018
    NEW YORK – (June 14, 2018) – Jan C. Herringer, CPA, partner at BDO USA, LLP, one of the largest accounting and advisory firms, began her one-year term as president of the New York State Society of CPAs (NYSSCPA) on June 1.
  • 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.

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