The Trusted Professional | NYSSCPA

 
 
evolution
CPA Evolution Aims for Radical Rethinking of Profession
cover2020_summer-fall
Read the Summer/Fall 2020 Issue (pdf)
Read our latest issue!
ethics20
No Change to Ethics CPE in January 2020
sec
SEC Seeks to Change Auditor Independence Rules
Lisa_Osofsky
First Mazars Female Partner Speaks on Diversity

Latest Articles

  • SEC’s Uyeda Signal Slowdown in Rulemaking Amid Policy Shifts

    By:
    Emma Slack-Jorgensen
    |
    Mar 11, 2025
    Acting SEC Chair Mark Uyeda anticipates a slowdown in the agency’s rule making after what he described as an “overly ambitious” regulatory agenda under former Chair Gary Gensler.

  • AICPA Stresses Need for a Modernized IRS Amid Workforce Reductions

    By:
    Emma Slack-Jorgensen
    |
    Mar 11, 2025
    The AICPA is actively engaging with IRS officials to assess the impact of recent layoffs and ensure continued service for taxpayers and tax professionals. In a statement on Friday, AICPA President and CEO Mark Koziel emphasized the critical need for a modern, well-functioning IRS. 

  • AICPA Seeks Public Input on Independent Rules for Private Equity in Accounting

    By:
    Emma Slack-Jorgensen
    |
    Mar 10, 2025
    The AICPA’s Professional Ethics Executive Committee is inviting public feedback on potential revisions to independence rules regarding private equity investment in accounting firms.

  • Trump Issues Executive Order Establishing a Strategic Bitcoin Reserve

    By:
    Karen Sibayan
    |
    Mar 10, 2025
    On March 6, President Donald Trump established through an executive order a U.S. Strategic Bitcoin Reserve and a separate stockpile of other digital assets. For businesses and governments, an expert said this development integrates crypto with financial strategies requiring sophisticated accounting, tax planning and treasury management.

  • Regulatory Roundup: March 4-10

    By:
    Karen Sibayan
    |
    Mar 10, 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.

  • AICPA Unveils Stablecoin Reporting Framework

    By:
    Emma Slack-Jorgensen
    |
    Mar 7, 2025
    The AICPA has released new comprehensive guidance on stablecoin reporting, providing a structured framework for issuers to disclose information about their digital assets.

  • FASB Advances Exposure Draft Clarifying Accounting Acquirer Rules in Business Combinations

    By:
    Emma Slack-Jorgensen
    |
    Mar 7, 2025
    On March 5, the Financial Accounting Standards Board (FASB) voted to advance an exposure draft—issued last Oct. 30—that proposed updates to Business Combinations (Topic 805) and Consolidation (Topic 810).

  • IRS Continues to Face Massive Workforce Cuts

    By:
    Emma Slack-Jorgensen
    |
    Mar 6, 2025
    The IRS may be facing one of the largest workforce reductions in its history, with reports indicating that the Trump administration is planning to cut staff by as much as 50% by the end of the year. This would be achieved through a mix of layoffs, attrition and buyouts.

  • IRS: Interest Rates to Stay the Same for the Second Quarter This Year

    By:
    Karen Sibayan
    |
    Mar 6, 2025
    The IRS on Mar. 6 announced interest rates will remain the same for the calendar quarter starting April 1. According to the IRS, for individuals, the rate for overpayments and underpayments will be seven percent per year, compounded daily. 

  • AICPA Auditing Board Seeks Public Comment on Two Exposure Drafts

    By:
    Emma Slack-Jorgensen
    |
    Mar 5, 2025
    The AICPA Auditing Standards Board (ASB) has approved two new exposure drafts for public comment, both aimed at refining key auditing and attestation standards. These proposals, issued following a Feb. 13 public meeting, are designed to improve audit quality and align professional standards with evolving industry needs.
Page

Trending Articles