Latest Articles

  • Rise of Sustainability Reporting Brings Questions of Motivation, Agenda

    By:
    Chris Gaetano
    |
    Sep 20, 2019
    The use of sustainability accounting has grown apace with a rising demand from both investors and consumers for information on firms’ environmental, social and governance-related (ESG) impacts to the point where, today, 85 percent of S&P 500 companies report on such matters in some form or another. Yet with this rise have also come concerns that, in some cases, these reports are less for informing stakeholders about accountability and growth, and more for managing public perceptions.
  • Business Roundtable CEOs Say End to Shareholder Primacy Won't Necessitate New Actions, As Companies Are Already Fine

    By:
    Chris Gaetano
    |
    Sep 20, 2019
    While 181 of the nation's top CEOs made quite a stir last month when they released a statement declaring an end to the shareholder-first mentality in favor of a broader stakeholder responsibility paradigm, a recent story in Bloomberg found that signing the statement won't necessarily translate into making changes at their own companies, as some signatories say they're already where they need to be. 
  • Study: Mission Statement Wording Linked to How Often Firms Subject of EEOC Complaints

    By:
    Chris Gaetano
    |
    Sep 20, 2019
    A recent study has found that firms with mission statements emphasizing thoughtfulness and quality had fewer Equal Opportunity Employment Commission complaints than those whose mission statements emphasized action and speed. 
  • 2019 Leadership Conference Focuses on CPA Evolution, Strategic Planning

    By:
    Ruth Singleton
    |
    Sep 20, 2019

    At its 2019 Leadership Conference, held on July 28–30 at the Resorts World Catskills Hotel & Casino in Monticello, N.Y., the NYSSCPA focused on major changes within the profession, strategic planning for the future of the Society and preparing young members for leadership roles.

  • FAE Enhances Course Offerings, Lowers Pricing

    By:
    Ruth Singleton
    |
    Sep 20, 2019
    The Foundation for Accounting Education (FAE) is expanding its range of courses so as to better serve NYSSCPA members, and in recent months, has also significantly reduced prices for early registrants and those attending webcasts.
  • COAP 2019: Building the Pipeline

    By:
    Ruth Singleton
    |
    Sep 20, 2019
    This year, at three New York state college campuses in late June/early July, high school students of color attended multiday immersion programs introducing them to accounting, courtesy of the Career Opportunities in the Accounting Profession (COAP) program. Established more than 30 years ago, COAP is administered by The Moynihan Scholarship Fund, an affiliate of the NYSSCPA. The program teaches students that an accounting background can lead to a host of business careers.
  • 2019 Excellence in Accounting Scholarship Recipients Announced

    By:
    Ruth Singleton
    |
    Sep 20, 2019

    This year, the NYSSCPA, through its affiliated Moynihan Scholarship Fund (MSF), has awarded Excellence in Accounting Scholarships to 75 New York college students for the 2019–2020 academic year.

  • Study Finds PCAOB's Audit Partner Naming Rule Has Had Little to No Effect on Audit Quality

    By:
    Chris Gaetano
    |
    Sep 19, 2019
    A recent study has found that the rule requiring auditors to name the lead partner on an engagement has had little to no effect on audit quality so far. 
  • FBI Investigating Possible Fraud at Payroll Processor, Which Left 8,000 Workers Without Paychecks

    By:
    Chris Gaetano
    |
    Sep 19, 2019
    The FBI has launched a criminal investigation of the firm MyPayrollHR after roughly $26 million bound for the paychecks of 8,000 workers at 400 companies went missing. 
  • Stablecoin Considerations for Accounting Professionals

    By:
    Sean Stein Smith
    |
    Sep 19, 2019

    Cryptocurrencies, blockchain and, more recently, stablecoins have been at the center of accounting and financial conversations in virtually every format for the last several years. The conversation has evolved and differentiated as more mainstream organizations across different industry verticals have invested billions of dollars and thousands of human hours into various blockchain initiatives. Stablecoins—a class of cryptocurrency backed by a reserve asset— represent merely one offshoot of the much broader blockchain and cryptoasset conversation, but it is one that is of particular importance to accounting and financial services professionals.