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Features

  • The Right Plan at the Right Time

    By:
    Scott M. Adair, CPA, NYSSCPA President
    |
    Mar 31, 2015
    When I started my term as NYSSCPA president last June, one of my main goals was to update the Society's strategic plan. We think of the strategic plan as a living, breathing document, one that must be as nimble as it is comprehensive. As the blueprint that drives our decision making, it takes a number of factors into account, not only within the profession, but at the state and national level and in a broader global context. 
  • As PCC Hits its Three-Year Mark, FAF Asks for Feedback on Performance

    By:
    Chris Gaetano
    |
    Mar 31, 2015
    As part of a mandated three-year review period, the Financial Accounting Foundation (FAF) is asking stakeholders to weigh in on how well the Private Company Council (PCC) has fared in addressing financial reporting issues relevant to private business entities. The FAF’s board of trustees recently released a request for comment asking interested parties to share their input by May 11. 
  • How to test an organization’s cybersecurity risk management program

    By:
    Joel Lanz, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    Mar 23, 2015
    The audit committee season is now under way, and though first-quarter meetings usually focus on financial statement matters, there’s a good chance that the client’s ability to effectively mitigate cybersecurity risk will come up for discussion. 
  • Working on an estate tax return?

    By:
    Anthony J. Cooper, J.D.
    |
    Mar 19, 2015
    Late-filing penalties for estate tax returns are frequently used as grounds for professional liability claims against CPAs, in large part because of their cost: Given the steeply progressive tax rates for estate tax and rapidly accruing penalties, these can exceed $300,000.
  • Carry It Forward

    By:
    Scott M. Adair, CPA, NYSSCPA President
    |
    Mar 9, 2015
    Last month, I told you that the Society was hard at work thinking of a fitting way to honor David J. Moynihan, the NYSSCPA’s 2009–2010 president. Since Dave passed away in January, so many of us had the same question: How do we continue his legacy? Dave was a man of action as well as ideas, a big-picture thinker who never shied away from rolling up his sleeves. As an organization, we knew that whatever we did to pay homage to him would have to embody those same characteristics.
  • Newsmaker: Meet the New Taxpayer Rights Advocate Margaret Neri

    By:
    CHRIS GAETANO
    |
    Dec 12, 2014
    In July, Margaret “Peg” Neri was appointed the state’s new Taxpayer Rights Advocate, after her predecessor, Camille Siano Enders, left the post to become deputy commissioner and director of the Bureau of Conciliation and Mediation Services. 
  • Changing with the times

    By:
    SCOTT M. ADAIR, CPA, NYSSCPA PRESIDENT
    |
    Dec 12, 2014
    When people think of CPAs, they think of unbiased, responsible, trustworthy advisers. But more and more, we need to add another adjective to our skill set: nimble. Our profession has undergone a tremendous amount of change in the last decade—the kind that leaves no room for rigidity or small thinking. Success today is tied to the ability to be adaptable, to interpret and navigate shifts even as we stay true to our core principals.