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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

  • SEC Approves 3 PCAOB Actions Focusing on Auditor Responsibilities

    By:
    NYSSCPA Staff
    |
    Aug 21, 2024
    The Securities and Exchange Commission announced that it approved three three standard-setting and rule-making actions by the Public Company Accounting Oversight Board (PCAOB). Specifically, the SEC approved AS 1000, "General Responsibilities of the Auditor in Conducting an Audit"; changes to PCAOB standards that clarify certain auditor responsibilities when using technology assisted analysis; and amendments to PCAOB Rule 3502, "Responsibility Not to Knowingly or Recklessly Contribute to Violations."

  • IRS Highlights Six Ways for Tax Pros to Protect  Sensitive Taxpayer Information

    By:
    NYSSCPA Staff
    |
    Aug 21, 2024
    The IRS and its Security Summit partners issued six recommendations for tax professionals to protect their sensitive taxpayer information.

  • IRS Announces New Task Force to Stop Scams and Schemes

    By:
    NYSSCPA Staff
    |
    Aug 20, 2024
    A coalition comprising the IRS, state tax agencies and dozens of groups representing the nation’s tax industry has announced a new joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems. 

  • Regulatory Roundup: August 13-19

    By:
    Ruth Singleton
    |
    Aug 19, 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.

  • IRS Reopens, Until Nov. 22, Voluntary Disclosure Program for Fixing Faulty ERC Claims

    By:
    Ruth Singleton
    |
    Aug 19, 2024
    The IRS announced that it is reopening the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit (ERC) claims for a limited time, ending on Nov. 22

  • PCAOB Inspection Reports for 2023 Reveal Some Improvement at Large Firms but Continuing Audit Deficiencies Overall

    By:
    Ruth Singleton
    |
    Aug 16, 2024
    The Public Company Accounting Oversight Board (PCAOB) announced that it has posted its inspection reports for all of 2023, including for the six U.S. Global Network Firms, which comprise the global networks of the Big Four, along with those of Grant Thornton and BDO. It also issued reports for eight nonaffiliate firms. PCAOB staff observed that while overall deficiency rates continued to increase in the aggregate, ... “we have begun to see the aggregate deficiency rate at the Big Four firms level off, as well as improvements in the deficiency rates at several of the other annually-inspected firms.”

  • Survey: MBA Credential Valued Slightly More than CPA When Hiring Executives Seek CFOs

    By:
    NYSSCPA Staff
    |
    Aug 15, 2024
    An MBA degree ranks slightly higher than a CPA credential when hiring executives seek CFOs, according to a survey conducted by the Pennsylvania Institute of CPAs (PICPA).

  • Report: Local Sales Taxes Rising Across the Country

    By:
    NYSSCPA Staff
    |
    Aug 15, 2024
    Needing new sources of revenue, local governments across the country are raising sales tax rates or introducing new taxes, according to a new study.

  • IRS Issues New Security Plan Designed to Help Protect Tax Pros

    By:
    NYSSCPA Staff
    |
    Aug 14, 2024
    The IRS and its Security Summit partners released an updated Written Information Security Plan (WISP) designed to help protect tax professionals against continuing threats from identity thieves and data breaches.

  • IRS Issues Draft Form for Digital Assets Sales and Exchanges

    By:
    Ruth Singleton
    |
    Aug 13, 2024
    The IRS has posted an early draft of updated Form 1099-DA, the form for brokers to use to report certain sale and exchange transactions of digital assets that take place beginning in calendar year 2025. Generally, brokers will send these forms to both taxpayers and the IRS in early 2026.
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