The Trusted Professional | NYSSCPA

 
 
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CPA Evolution Aims for Radical Rethinking of Profession
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Read the Summer/Fall 2020 Issue (pdf)
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No Change to Ethics CPE in January 2020
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SEC Seeks to Change Auditor Independence Rules
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First Mazars Female Partner Speaks on Diversity

Latest Articles

  • Represent New York State on the AICPA Council: A Call for Statements of Interest

    By:
    Timothy J. Hammond, NYSSCPA Secretary/Treasurer
    |
    May 6, 2024
    In October 2024, the NYSSCPA Board of Directors will submit the names of four individuals to the AICPA’s Nominations Committee, which nominates members for election to the AICPA Council. Those nominees, once duly elected, will each serve three-year terms, beginning May 2025, on the approximately 265-person governing council. In addition, one person will be designated by the Society to serve a one-year term as its representative to the council, also beginning May 2025. 

  • IRS Commissioner Details Plans for Audits of Corporations and the Rich

    By:
    S.J. Steinhardt
    |
    May 6, 2024
    IRS Commissioner Danny Werfel offered some specifics about the agency's plans for audits of wealthy individuals and corporations at a press conference last week. These figures can be found in the IRS's recently published strategic operating plan update and update supplement.

  • Regulatory Roundup: April 30-May 6

    By:
    S.J. Steinhardt
    |
    May 6, 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.

  • Citing 'Massive Fraud' Affecting More Than 1,500 Filings, SEC Suspends and Fines Audit Firm

    By:
    S.J. Steinhardt
    |
    May 3, 2024
    The Securities and Exchange Commission (SEC) has charged, audit firm BF Borgers CPA PC  with “massive fraud, fining it $12 million and permanently  suspending it from appearing and practicing before the the SEC as accountants, effective immediately The company had served as the accounting firm for Trump Media & Technology, which owns Truth Social, before it went public this past March. But given the timing of the audits that the SEC focused on, the filings for Trump Media probably were not among those investigated as part of the review,

  • IRS Cites Improvements As It Releases Updated Strategic Operating Plan

    By:
    S.J. Steinhardt
    |
    May 3, 2024
    The IRS released an update of its Strategic Operating Plan (SOP), which outlined the agency’s future plans and highlighted improvements made with the help of funding from the Inflation Reduction Act.

  • Webinar Speaker Examines Challenges of Burnout Among Women CPAs

    By:
    S.J. Steinhardt
    |
    May 2, 2024
    Finding solutions to burnout among women CPAs was the topic of discussion at the second session of a Women's Leadership series presented by the Virginia Society of CPAs (VSCPA) on April 26, in conjunction with the NYSSCPA.

  • Bill to Expand Child Tax Credit and Restore Tax Breaks Now in Jeopardy

    By:
    S.J. Steinhardt
    |
    May 2, 2024
    A bipartisan compromise to expand the child tax credit (CTC) and restore some corporate tax breaks is now imperiled, due to opposition from some U.S. Senate Republicans.

  • Auditors Push Back Against PCAOB Proposals for Broadened Role

    By:
    S.J. Steinhardt
    |
    May 1, 2024
    Auditors are objecting to recent proposals by the Public Company Accounting Oversight Board (PCAOB), saying that the new requirements will expand their roles beyond their specialty.

  • Tax Pros List Several Client Misconceptions About Refunds

    By:
    Ruth Singleton
    |
    Apr 30, 2024
    Among taxpayers' misconceptions about taxes are several focused on refunds. Based on reports from tax preparers and the IRS, Accounting Today listed seven of those wrong ideas.

  • Poll: 88% of CFOs Say New FTC Rule Barring Noncompetes Will Not Affect Their Careers

    By:
    Ruth Singleton
    |
    Apr 29, 2024
    The majority of CFOS—88 percent—say that the Federal Trade Commission (FTC)’s new rule barring noncompete agreements for most workers will likely have no impact on their careers, a recent poll found. Another poll found that 59 percent of CFOs believe that the rule will likely have no impact on their ability to retain elite finance talent.
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