The Trusted Professional | NYSSCPA

 
 
Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the May/June Issue
IRS to Waive $1B in Some Late Payment Penalties
2024 to Be a Demanding Year for Internal Auditors
SEC OKs Audit Confirmation Standards

Latest Articles

  • PCAOB's Erica Williams Resigns, to Leave Post Jul. 22

    By:
    Karen Sibayan
    |
    Jul 15, 2025
    PCAOB Chair Erica Williams will be stepping down after SEC Chair Paul Atkins asked for her resignation. Based on an email Williams sent to PCAOB staffers, her last day is going to be Jul. 22.

  • House Republicans Begin Shaping Second Trump Budget Bill

    By:
    Emma Slack-Jorgensen
    |
    Jul 15, 2025
    Just weeks after the passage of President Donald Trump’s sweeping $3.4 trillion tax and spending bill, House Republicans are gearing up for round two. This fall, the GOP plans to introduce a follow-up budget bill focused on additional spending cuts and tax code adjustments.

  • Senate Passes Legislation Paving the Way for More Tax Relief During Natural Disasters

    By:
    Karen Sibayan
    |
    Jul 14, 2025

    Legislation passed by the Senate authorizes the IRS to postpone federal tax deadlines for taxpayers impacted by a qualified state declared disaster with the state governor's written request. Additionally, the bill, which was passed on Jul. 11, increases for certain taxpayers the automatic extension of federal tax deadlines.

  • Report Shows a Decline in the CPA License's Prominence

    By:
    Karen Sibayan
    |
    Jul 14, 2025
    The CPA credential is still seen as a foundation  of the profession, but new data highlight its prominence is on a downward trajectory. 

  • Regulatory Roundup: July 8 - 14

    By:
    Karen Sibayan
    |
    Jul 14, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA'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.

  • CPA Canada, AICPA Report Highlights Importance of Closing the AI Trust Gap

    By:
    Karen Sibayan
    |
    Jul 11, 2025

    A recent report called "Closing the AI trust gap: CPAs and AI assurance" from the Chartered Professional Accountants of Canada and the AICPA defined assurance over artificial intelligence (AI) systems while identifying opportunities for CPA-led assurance engagements.

  • IESBA, IAASB Form Expert Groups to Support Sustainability Standards' Global Implementation

    By:
    Karen Sibayan
    |
    Jul 10, 2025

    On Jun. 10, the International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board have formed technical expert groups in support of effective global implementation of their boards’ sustainability standards.

  • AICPA Comments on Proposed Regulations to SECURE 2.0's Provision on Catch-Up Contributions

    By:
    Karen Sibayan
    |
    Jul 10, 2025
    The AICPA sent suggestions to the Treasury Department and IRS on their proposed regulations to implement a SECURE 2.0 provision mandating that catch-up contributions that are made to retirement plans by certain eligible participants must be designated as Roth contributions.

  • Supreme Court Ruling Paves Way for Deep IRS Workforce Cuts

    By:
    Emma Slack-Jorgensen
    |
    Jul 9, 2025
    The U.S. Supreme Court has cleared the way for President Donald Trump’s sweeping plan to reduce the federal workforce, lifting a block on mass layoffs across 19 federal agencies, including the IRS.

  • Wall Street’s Latest ETF Skips Dividends to Minimize Taxes

    By:
    Emma Slack-Jorgensen
    |
    Jul 8, 2025
    A new exchange-traded fund (ETF) set to launch this week is drawing attention not for what it includes, but for what it avoids—taxable dividends. Roundhill Investments is debuting the S&P 500 No Dividend Target ETF on Jul. 10.
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