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Latest Articles

  • EY Leadership Approves Breakup

    By:
    S.J. Steinhardt
    |
    Sep 9, 2022
    Top leaders at Ernst & Young have voted in favor of a plan to divide the firm into two main business entities, auditing and consulting/advisory services.
  • SEC Chair Keeps Heat on Crypto Exchanges

    By:
    S.J. Steinhardt
    |
    Sep 8, 2022

    Securities and Exchange Commission Chair Gary Gensler remains determined to bring the cryptocurrency industry to heel by demanding that it abide by existing regulations covering exchanges.

  • Powell Remains Steadfast in Inflation Fight

    By:
    S.J. Steinhardt
    |
    Sep 8, 2022

    At a conference on Wednesday, Federal Reserve Board Chair Jerome H. Powell continued to affirm his resolve to raise interest rates as a necessary tool in the Fed’s fight against inflation.

  • SEC Chief Accountant Warns Auditors About Taking on Chinese Public Companies

    By:
    S.J. Steinhardt
    |
    Sep 7, 2022

    The Securities and Exchange Commission (SEC) has warned American auditors of Chinese public companies that these companies may try to circumvent U.S. law governing public company oversight.

  • IRS to Study Feasibility of Free E-File System

    By:
    S.J. Steinhardt
    |
    Sep 7, 2022

    The IRS is using $15 million that it received from the Inflation Reduction Act to answer the wishes of Democratic lawmakers and millions of taxpayers: It will look into setting up a free e-filing service.

  • EY Outlines Plans to Split Auditing and Consulting Businesses

    By:
    S.J. Steinhardt
    |
    Sep 7, 2022

    In what The Wall Street Journal is calling “the biggest shake-up in the accounting profession in more than 20 years,” Ernst & Young is expected to divide its auditing and consulting business into two separate entities.

  • CFOs' Deputies Faring Well in Current Job Market

    By:
    S.J. Steinhardt
    |
    Sep 6, 2022

    Being No. 2 is not so bad these days if you work in a finance department.

  • Regulatory Roundup - August 30-September 6

    By:
    S.J. Steinhardt
    |
    Sep 6, 2022
    With so many regulators out here, 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 Reveals Accidental Exposure of Confidential Information

    By:
    S.J. Steinhardt
    |
    Sep 6, 2022

    The IRS revealed last week that, on Aug. 26, it erroneously posted on its website some confidential information about 120,000 individuals from Form 990-Ts filed by tax-exempt organizations. The agency took down the information as soon as it discovered the mistake, which it blamed on a coding error.

  • Quarterly AICPA Economic Outlook Survey Finds CPA Business Leaders Still Pessimistic

    By:
    S.J. Steinhardt
    |
    Sep 1, 2022

    Despite the good economic news of late—a declining inflation rate, increased employment and fewer unemployment claims—CPA business leaders in the United States are pessimistic about profit and revenue growth in the next year, the AICPA's 3Q 2022 Business and Industry Economic Outlook Survey found.