Latest Articles

  • Reconciliation Bill Negotiations Must Share Stage With Other Deadlines

    By:
    Chris Gaetano
    |
    Nov 29, 2021
    With Congress back in session, negotiations over the Democrats' landmark reconciliation bill, meant to significantly bolster the social safety net, have resumed, but these discussions must take place alongside other major debates, splitting lawmakers' focus as they head into December. 
  • NYC Once More Recommends Indoor Masks

    By:
    Chris Gaetano
    |
    Nov 29, 2021
    With the rise of a new coronavirus variant, Omicron, New York City has revived previous guidance to wear masks indoors while in public, regardless of vaccination status. 
  • Regulatory Roundup - Nov. 16-29

    By:
    Chris Gaetano
    |
    Nov 29, 2021
    With so many regulators out here, 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.
  • Regulators Issue Joint Statement Promising More Guidance on Cryptocurrency

    By:
    Chris Gaetano
    |
    Nov 24, 2021
    The Federal Deposit Insurance Corporation, the  U.S. Federal Reserve, andthe  Office of the Comptroller of Currency issued a joint statement saying that, come next year, there will be more guidance on the regulators' positions on various aspects of the cryptocurrency sector. 
  • PCAOB Approves $310.3 Million Budget for 2022

    By:
    Chris Gaetano
    |
    Nov 24, 2021
    The Public Company Accounting Oversight Board (PCAOB) has approved a proposed $310.3 million budget for 2022. 
  • FASB Proposal Would Replace Guidance for Creditors on Troubled Debt Restructurings

    By:
    Chris Gaetano
    |
    Nov 23, 2021
    The Financial Accounting Standards Board (FASB) has proposed dispensing with guidance for creditors on troubled debt restructurings (TDRs) entirely while, at the same time, adding new disclosure requirements for loan refinancings and restructurings made to borrowers experiencing financial difficulty.
  • Dollar Tree Now a Misnomer, as Prices Are Set to Rise

    By:
    Chris Gaetano
    |
    Nov 23, 2021
    The Dollar Tree's name is now a little less accurate, as the discount store chain will soon increase most of its prices to above a dollar. 
  • FAE Board of Trustees Nominations Due by Jan. 15

    By:
    Trusted Professional Staff
    |
    Nov 22, 2021
    If you are interested in serving on the Foundation for Accounting Education (FAE) Board of Trustees, now is the time to submit your nomination.
  • Powell Retained as Federal Reserve Chair

    By:
    Chris Gaetano
    |
    Nov 22, 2021
    President Joe Biden has decided to keep Federal Reserve Chair Jerome Powell on for another term, preferring not to rock the boat at a delicate time. 
  • US LIBOR Replacement Bill Slowed Over Tax Language

    By:
    Chris Gaetano
    |
    Nov 22, 2021
    Legislation that would enable the United States to replace the soon-to-be-defunct London Inter-Bank Offered Rate (LIBOR) has hit a snag over how the precise language of the legislation approving the new metric could affect taxes.