Latest Articles

  • Conference Speaker Forecasts Positive GDP Direction for Next Year, but Much Uncertainty Remains

    By:
    Chris Gaetano
    |
    Nov 19, 2020
    Jodie Gunzberg, Managing Director and Chief Institutional Investment Strategist at Morgan Stanley Wealth Management, who gave the keynote speech at the Foundation for Accounting Education's Alternative Investment Conference Thursday, projected GDP growth in 2021 and the years after, but said the outlook remains uncertain, given the coronavirus.
  • Conference Speaker Warns Private Companies: The SEC Has Not Forgotten You

    By:
    Chris Gaetano
    |
    Nov 19, 2020
    Richard D. Marshall, a partner at Katten Muchin Rosenman LLP, who spoke at the Foundation for Accounting Eduation's Alternative Investment Conference on Thursday, warned private fund managers that the Securities and Exchange Commission (SEC) is paying them very close attention.
  • FASB, FAF Announce New Board Members

    By:
    Chris Gaetano
    |
    Nov 18, 2020
    The Financial Accounting Foundation announced the appointment of five new members to its board of trustees while, at the same time, appointing one new member and reappointing one existing member to the Financial Accounting Standards Board.
  • GASB Proposed Implementation Guidance Addresses Recent Standards

    By:
    Chris Gaetano
    |
    Nov 18, 2020
    The Governmental Accounting Standards Board (GASB) has proposed new implementation guidance that covers its recent pronouncements on leases, fiduciary activities and other topics.
  • SEC Approves Electronic Signatures on Authentication Documents

    By:
    Chris Gaetano
    |
    Nov 18, 2020
    The Securities and Exchange Commission (SEC), in an effort to modernize the agency, has approved the use of electronic signatures on authentication documents.
  • IRS Criminal Investigations Shows $2.3 Billion in Tax Fraud

    By:
    Chris Gaetano
    |
    Nov 17, 2020
    The IRS Criminal Investigations Division, as documented in its annual report, successfully pursued cases involving a total of $2.3 billion worth of tax fraud over the course of 1,598 investigations in fiscal year 2020.
  • 20 Percent of Largest Public Firms Now Zombies

    By:
    Chris Gaetano
    |
    Nov 17, 2020
    The horde of zombie companies—that is, firms that cannot survive on their own without constant infusions of new credit—has grown to the point where 20 percent of the largest public companies are now among their ranks.
  • SBA Requests a Delay in Releasing PPP Loan Data

    By:
    Chris Gaetano
    |
    Nov 17, 2020
    The Small Business Administration has asked a judge to delay the release of Paycheck Protection Program loan data for millions of borrowers out of concern it would do what it said was irreparable harm to businesses.
  • SEC Chair Clayton Announces Plans to Depart at End of Year

    By:
    Chris Gaetano
    |
    Nov 16, 2020
    Securities and Exchange Commission Chair Jay Clayton, who assumed leadership in 2017, announced that he plans to leave the agency at the end of the year. 
  • Regulatory Roundup - Nov. 10-16

    By:
    Chris Gaetano
    |
    Nov 16, 2020
    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.