• Study: Workplace Injuries More Likely When Earnings Pressure Rises

    By:
    Chris Gaetano
    |
    May 19, 2017
    A recent study has found that workplace injuries are more common when the company faces pressure to meet earnings expectations. 
  • Deloitte, KPMG Listed in Top 50 Places People Want to Work

    By:
    Chris Gaetano
    |
    May 18, 2017
    Big Four accounting firms Deloitte and KPMG have been listed as the 36th and 44th most desirable places to work based on a study of user activity by LinkedIn.
  • FASB Releases Update on Determining the Customer in a Service Concession Arrangement

    By:
    Chris Gaetano
    |
    May 18, 2017
    The Financial Accounting Standards Board (FASB) has released an update that aims to end diversity of practice in determining who is the customer in a service concession arrangement. 
  • Tax Court Rules That Strippers Are Not Therapists, Club Must Pay Tax

    By:
    Chris Gaetano
    |
    May 17, 2017
    A NYC strip club has lost its case in tax court after trying, unsuccessfully, to argue that it offered therapeutic services of the type that would be offered by someone like a sex therapist. The judge disagreed on this point and others, and so has ordered the club to pay $3 million. 
  • NYS Assembly Passes Single Payer Health Care Bill

    By:
    Chris Gaetano
    |
    May 17, 2017
    By a  87 to 38 majority, the New York State Assembly has passed a measure that's intended to transition the Empire State into a single payer health care system. 
  • GASB Releases Guidance on Debt Extinguishment Issues

    By:
    Chris Gaetano
    |
    May 16, 2017
    The Governmental Accounting Standards Board has released new guidance for transactions in which cash and other monetary assets acquired with only existing resources—resources other than the proceeds of refunding debt—are placed in an irrevocable trust for the sole purpose of extinguishing debt.
  • SEC: Traders Lied to Customers About Prices to Inflate CMBS Desk Profit

    By:
    Chris Gaetano
    |
    May 16, 2017
    The Securities and Exchange Commission charged two traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. with deliberately lying to their customers so they could inflate profits of their desk and line their pockets as a result. 
  • Regulatory Roundup: May 10 to May 16

    By:
    Chris Gaetano
    |
    May 16, 2017
    ​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.
  • Over 200,000 Hit in Massive Cyber Attack

    By:
    Chris Gaetano
    |
    May 15, 2017
    A massive cyber attack has targeted over 200,000 people in 150 different countries, locking car factories, hospitals, shops and schools and demanding a ransom to restore functionality. 
  • Study: CEOs Who Graduated During Boom Times Backdated Stock Options 30 Percent More

    By:
    Chris Gaetano
    |
    May 15, 2017
    A recent study has found that CEOs who graduated during economic boom times were 30 percent more likely to falsify the dates of their stock option grants than those who graduated in economically lean periods. 
  • CEO Charged With Not Disclosing Generous Perks to Shareholders

    By:
    Chris Gaetano
    |
    May 12, 2017
    The Securities and Exchange Commission has charged Miles Nadal, CEO and chairman of MDC Partners, with failing to disclose generous perks worth millions of dollars to shareholders as required by federal securities law. 
  • Account Takeover Fraud Jumped 31 Percent in One Year

    By:
    Chris Gaetano
    |
    May 12, 2017
    Account takeover fraud, where scammers pose as the account holder and immediately drain their money, has been on the rise lately, with incidents of such schemes rising 31 percent between 2015 and 2016. 
  • Sustainability Conference Takes Practical Bent to Responsible Business

    By:
    Chris Gaetano
    |
    May 12, 2017

    Now in its second year, the Foundation for Accounting Education’s (FAE) upcoming Sustainability Investment Leadership Conference is focused on turning theory into practice when it comes to sustainable business practices. Scheduled for May 17 at the New York Bar Association, the conference will feature a number of talks on how CPAs can apply processes like integrated reporting, supply chain management and other topics in corporate sustainability to their own practices. 

  • How Does Your Pay Compare To Your Peers?

    By:
    Chris Gaetano
    |
    May 11, 2017
    Accounting blog Going Concern is asking CPAs and other professionals to participate in their first annual Accounting Salary Survey, which is meant to shed light on industry trends and relevant benchmarks to give workers a leg up in evaluating how their pay stacks up with the industry as a whole and, potentially, in negotiating better job offers. 
  • FASB Releases Update on Accounting for Stock Compensation

    By:
    Chris Gaetano
    |
    May 11, 2017
    The Financial Accounting Standards Board released a new Accounting Standards Update on stock compensation. 
  • NYSSCPA Award Winners for 2017

    By:
    Chris Gaetano
    |
    May 11, 2017

    The NYSSCPA honors John L. Kearney with the Distinguished Service Award; Denise M. Stefano with the Dr. Emanuel Saxe Outstanding CPA in Education Award; and Edward J. Torres with the Outstanding CPA in Government Award. 

     

  • SEC Charges Former Staffer With Securities Fraud

    By:
    Chris Gaetano
    |
    May 10, 2017
    In an irony worthy of Sophocles, the Securities and Exchange Commission has charged a former staffer with using government resources to make unauthorized trades for himself, his mother and a childhood friend. 
  • Deloitte Leads in New Audit Clients

    By:
    Chris Gaetano
    |
    May 10, 2017
    Deloitte so far leads the pack in the number of new SEC-registered audit clients, picking up more than any other firm in the first quarter of 2017. 
  • Tech Promises Less Drudge Work, But Will New Recruits Have the Skills Firms Need?

    By:
    Chris Gaetano
    |
    May 9, 2017

    While the CPA profession is certainly no stranger to technological advance, innovations like blockchain technology and artificial intelligence, as well as the increasing automation of routine tasks, promise to radically reshape the industry. It is a change that will affect not only what kind of work firms do, but whom they will hire to do it, something that will be particularly important for recent graduates who are entering an increasingly tech-centered profession.

  • Regulatory Roundup: May 3-May 9

    By:
    Chris Gaetano
    |
    May 9, 2017
    ​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.

Click here to see more of the latest news from the NYSSCPA.