Latest Articles

  • CBO Anticipates Significant Growth Slowdown for 2019

    By:
    Chris Gaetano
    |
    Apr 23, 2019
    The Congressional Budget Office, in its 2019 Budget and Economic Outlook, expects that the 3.1 percent growth the country saw in 2018 will slow to 2.3 percent, with further reductions expected over the following few years. 
  • Just Because You're a Private Company, Don't Think the SEC Isn't Watching

    By:
    Chris Gaetano
    |
    Apr 23, 2019
    While the Securities and Exchange Commission is most associated with publicly traded companies, recent enforcement actions indicate that the agency is increasingly interested in the affairs of private companies as well. 
  • Regulatory Roundup: April 16-22

    By:
    Chris Gaetano
    |
    Apr 22, 2019
    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. 
  • Number of Senior Citizens Still Working Has Doubled Since 1985

    By:
    Chris Gaetano
    |
    Apr 22, 2019
    During the past three and a half decades, the number of people over the age of 65 who continue working has doubled, mostly because they cannot afford to retire. 
  • TIGTA Says New Form 1040 Stressed IRS Capacity

    By:
    Chris Gaetano
    |
    Apr 22, 2019
    In a report issued last week, the Treasury Inspector General for Tax Administration said that the introduction of the new Form 1040, on top of all the other things that the IRS had to do to implement the Tax Cuts and Jobs Act, created a great deal of additional work for the agency at its busiest time of the year. 
  • FAF Names New FASB Member, Two New Foundation Members

    By:
    Chris Gaetano
    |
    Apr 19, 2019
    The Financial Accounting Foundation, which oversees the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), announced two new members of the foundation's board, as well as a new member of the FASB. 
  • IRS Announces Plan to Modernize Aging Tech Infrastructure

    By:
    Chris Gaetano
    |
    Apr 19, 2019
    The IRS has announced an initiative aimed at modernizing the service's information technology infrastructure, and integrating that modernization into every aspect of its operations. 
  • CFOs Slightly More Optimistic on Economy Than Before, but Still Think Recession Coming Soon

    By:
    Chris Gaetano
    |
    Apr 18, 2019
    A Duke University survey of chief financial officers has found that while they no longer believe a recession is imminent, they still believe one is coming soon, maybe sometime next year. 
  • Fewer Securities Class Action Settlements Involved Accounting Allegations in 2018, but Cases More Expensive

    By:
    Chris Gaetano
    |
    Apr 18, 2019
    The total number of securities class action settlements involving accounting allegations dropped slightly between 2017 and 2018, but the total value of those cases increased by five times in the same period. 
  • KPMG Mexico Accidentally Exposes Personal Financial Data of 41 Clients

    By:
    Chris Gaetano
    |
    Apr 17, 2019
    Software developers from KPMG's Mexico branch exhibited poor IT security, as they are said to have created a database containing the personal financial information of at least 41 clients and left it on the Internet with no passwords or other security controls.