Latest Articles

  • Study: Half of All Inside Trading Gains Over Four Years Can Be Linked to Just Five Traders

    By:
    Chris Gaetano
    |
    Mar 15, 2019
    A recent study has found that, of all the known illicit insider trading profits generated between 2011 and 2015, more than half can be attributed to just five traders, with the rest having made rather modest sums in comparison. 
  • PCAOB Informs Audit Committees of Inspection Priorities for 2019

    By:
    Chris Gaetano
    |
    Mar 15, 2019
    The Public Company Accounting Oversight Board (PCAOB) has released its 2019 Staff Inspections Outlook for Audit Committees, which outlines the board's priorities for the coming year. 
  • NYSSCPA Past President Sharon Sabba Fierstein Looks Back on How the Profession Has Changed for Women

    By:
    Chris Gaetano
    |
    Mar 15, 2019

    This year, Ita M. Rahilly will become the 100th president of the NYSSCPA, and its eighth female president since the Society was founded over a century ago. Her installation will take place during a time of rapid change for both the profession and the business world as a whole, particularly when it comes to the growing role of female leaders in the workplace. To kick off the year of the 100th president, The Trusted Professional has been interviewing some of the past female Society presidents about their own experiences navigating what has historically been a male-dominated profession, how things have changed, and how they’ve stayed the same. Here's the Q&A with Sharon Sabba Fierstein, who served from 2008 to 2009.

  • Pair of Bills Introduced Take Aim at Offshore Tax Havens

    By:
    Chris Gaetano
    |
    Mar 14, 2019
    Seeking to discourage multinational corporations from skirting tax obligations, Rep. Lloyd Doggett (D-Texas) Sen. Sheldon Whitehouse (D-R.I.) have introduced a pair of bills that would strip many of the benefits companies receive by moving money through lower tax jurisdictions. 
  • Basel Committee Warns Banks to Keep Risks in Mind Before Embracing Cryptocurrencies

    By:
    Chris Gaetano
    |
    Mar 14, 2019
    The Basel Committee on Banking Supervision, a standards-setting body composed of banking regulators around the world, advised caution before banks step more firmly into the cryptocurrency realm, saying there needs to be a robust risk management framework to mitigate potential downsides. 
  • NYSCCPA Past President Marilyn A. Pendergast Looks Back on How the Profession Has Changed for Women

    By:
    Chris Gaetano
    |
    Mar 13, 2019
    This year, Ita M. Rahilly will become the 100th president of the NYSSCPA, and its eighth female president since the Society was founded over a century ago. Her installation will take place during a time of rapid change for both the profession and the business world as a whole, particularly when it comes to the growing role of female leaders in the workplace. To kick off the year of the 100th president, The Trusted Professional has been interviewing some of the past female Society presidents about their own experiences navigating what has historically been a male-dominated profession, how things have changed, and how they’ve stayed the same. Here’s the Q&A with Marilyn A. Pendergast, who served from 1994 to 1995.
  • Deloitte Announces New CEO, Chair

    By:
    Chris Gaetano
    |
    Mar 13, 2019
    Deloitte has announced a new CEO, Joseph Ucuzoglu, and a new chair, Janet Foutty, to lead its U.S. firm. 
  • Study: Average Person Spends $164.55 Daily

    By:
    Chris Gaetano
    |
    Mar 13, 2019
    A recent report from personal finance website GoBankingRates has found that the average person spends $164.55 per day. 
  • NYSSCPA Past President Jo Ann Golden Looks Back on How the Profession Has Changed for Women

    By:
    Chris Gaetano
    |
    Mar 13, 2019
    This year, Ita M. Rahilly will become the 100th president of the NYSSCPA, and its eighth female president since the Society was founded over a century ago. Her installation will take place during a time of rapid change for both the profession and the business world as a whole, particularly when it comes to the growing role of female leaders in the workplace. To kick off the year of the 100th president, The Trusted Professional has been interviewing some of the past female Society presidents about their own experiences navigating what has historically been a male-dominated profession, how things have changed, and how they’ve stayed the same. Here’s the Q&A with Jo Ann Golden, who served from 2002 to 2003.
  • Court Convicts Former KPMG and PCAOB Officials of Cheating on Inspections

    By:
    Chris Gaetano
    |
    Mar 12, 2019
    David Middendorf,  KPMG's former national managing partner for audit quality, and Jeffrey Wada, a former inspections leader with the Public Company Accounting Oversight Board (PCAOB), were convicted Monday on wire fraud and conspiracy charges related to a scheme to cheat on PCAB inspections.