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Latest Articles

  • Attendees at National Public Liaison Meeting Discuss Ways to Expand Use of IRS's ADR Process

    By:
    S.J. Steinhardt
    |
    May 29, 2024
    How to increase taxpayers' use of the IRS’s alternative dispute resolution (ADR) process was one topic of discussion at the tax agency’s National Public Liaison recent meeting in Washington.
  • Private-Equity Firms Negotiate Settlements with SEC Over Record-Keeping Violations

    By:
    S.J. Steinhardt
    |
    May 28, 2024
    Some of Wall Street’s biggest private-equity firms have disclosed in their quarterly filings that they are negotiating settlements with the Securities and Exchange Commission (SEC) as a result of the agency’s investigation of their record-keeping violations.
  • Crypto Industry Lobbies for Less Stringent Regulation

    By:
    S.J. Steinhardt
    |
    May 28, 2024
    A bill currently before Congress would move some federal oversight of crypto from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), a culmination of an intense lobbying campaign by the industry.
  • Regulatory Roundup: May 21-28

    By:
    S.J. Steinhardt
    |
    May 28, 2024

    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.

  • Center for Audit Quality Asks PCAOB to Extend Comment Period for Two Proposed Standards

    By:
    S.J. Steinhardt
    |
    May 23, 2024
    In a comment letter, the Center for Audit Quality (CAQ) asked the Public Companies Oversight Accounting Board (PCAOB) to extend its comment period for two proposed standards: Firm and Engagement Metrics and Firm Reporting. The CAQ also recommended "that the PCAOB delay sending the 19b-4 filing to the Securities and Exchange Commission (SEC) on standards QC 1000 and AS 1000—both of which the PCAOB approved on May 13—by at least 45 days.
  • IRS Extends Free File Program for Five Years

    By:
    S.J. Steinhardt
    |
    May 23, 2024
    The IRS announced that it will continue its Free File program through October 2029.
  • GASB Chair Highlights Upcoming Changes

    By:
    S.J. Steinhardt
    |
    May 22, 2024
    Joel Black, chair of the Governmental Accounting Standards Board (GASB), discussed some of the Board’s upcoming changes in an interview.
  • Melancon to Retire as AICPA President and CEO After 30 Years

    By:
    S.J. steinhardt
    |
    May 22, 2024

    Barry Melancon, the president and CEO of the AICPA, will retire at the end of the year, after serving in in this role for 30 years, the organization. He has also served as CEO of the Chartered Institute of Management Accountants (CIMA).

  • The Mystery of Bitcoin’s Inventor Persists After British Court Ruling

    By:
    S.J. Steinhardt
    |
    May 21, 2024
    Craig Steven Wright, the chief science officer of cryptocurrency company nChain, is not the man who invented Bitcoin, a British judge ruled
  • FDIC Chair Resigns After Devastating Report on Agency’s Toxic Culture

    By:
    S.J. Steinhardt
    |
    May 21, 2024
    Buffeted by reports of abuse and harassment at his agency, Federal Deposit Insurance Corp. (FDIC) Chair Martin Gruenberg said he would resign once a successor is confirmed.