Latest Articles

  • The 2019 NYSSCPA Awards: Public Service Award Winner Steven Morse Has Been a Lifelong Community Volunteer

    By:
    Chris Gaetano
    |
    May 13, 2019

    NYSSCPA member Steven M. Morse, the recipient of this year’s Arthur J. Dixon Public Service Award, is passionate about volunteering. While this could describe many people, the sheer scope and scale of his volunteer activities over the years would be difficult to match, especially considering his having to balance them with his career and family life.

  • The 2019 NYSSCPA Awards: Industry Award Winner Joel Quall Has Spent Career Championing CPA Profession

    By:
    Ruth Singleton
    |
    May 13, 2019

    Joel Quall, this year’s winner of the Outstanding CPA in Industry Award, is a strong advocate of relationship building within the accounting profession. During the course of his career, Quall has mentored several young CPAs who later rose to high ranks within the profession. In particular, he has championed the advancement of CPAs into the C-Suite, primarily as CFOs. As the CFO of tZERO, a company that uses blockchain technology to help investors trade in digital securities, he also has a strong interest in technology as a means to making processes more efficient.

  • Newsmaker: New CEO of SASB Foundation Seeks Buy-in of Board’s Sustainability Standards

    By:
    Chris Gaetano
    |
    May 13, 2019

    In February, Madelyn Antoncic was appointed the new global CEO of the SASB Foundation, an independent nonprofit organization responsible for the funding and oversight of the Sustainability Accounting Standards Board (SASB). Antoncic took the time to respond to questions from The Trusted Professional about her views on sustainability and her priorities as CEO.

  • Regulatory Roundup - May 7-13

    By:
    Chris Gaetano
    |
    May 13, 2019
    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. 
  • Wolters Kluwer Outage Shows Risks of Cloud Centralization

    By:
    Chris Gaetano
    |
    May 13, 2019
    Last week's cyberattack on Wolters Kluwer, which knocked out widely used accounting and tax software platforms around the world, demonstrated the risks that emerge when vast swaths of the economy come to rely on the services of a single company. 
  • IRS Raises Fees for Enrolled Retirement Plan Agents

    By:
    Chris Gaetano
    |
    May 13, 2019
    The IRS has announced that the initial enrollment user fee for enrolled retirement plan agents will be removed, as it no longer offers such initial enrollment, and it will also be increasing fees for both enrolled retirement plan agents and enrolled agents in general. 
  • GAO Says IRS Needs Cybersecurity Standards for Third-Party Preparers

    By:
    Chris Gaetano
    |
    May 10, 2019
    While the IRS has extensive policies and procedures to protect data within its own organization, the Government Accountability Office noted that this protection does not extend to the third-party preparers that process 90 percent of taxpayer returns, representing a major security blind spot. 
  • NYC Has More Billionaires Than Any Other City in World

    By:
    Chris Gaetano
    |
    May 10, 2019
    A recent report finds that New York City has more billionaires than any other city on the planet. 
  • Study: 57 Percent of Distressed Companies 'Opinion Shop' for Auditors

    By:
    Chris Gaetano
    |
    May 9, 2019
    While the whole point of an audit is for a neutral third party to give an unbiased opinion on a company's financial information, what if the company doesn't like the result? The answer, for 57 percent of distressed companies, according to a recent study, is to shop for a better one. 
  • SEC Proposes Changing Definition of Accelerated Filers, Large Accelerated Filers

    By:
    Chris Gaetano
    |
    May 9, 2019
    The Securities and Exchange Commission has proposed changing the definition of accelerated filers and large accelerated filers to ease internal control audit requirements for certain entities.