Latest Articles

  • Mounting Regulatory Pressure Forces Big Four to Consider Breakup Contingencies in UK

    By:
    Chris Gaetano
    |
    May 17, 2018
    The Big Four firms, under intense scrutiny from U.K. regulators, have developed contingency plans of what exactly to do in the event they are forced to break up into smaller firms within that country. 
  • Study: Lower-Income Americans Have Yet to See Tax Law Benefits Trickle Down

    By:
    Chris Gaetano
    |
    May 17, 2018
    About a half a year after its massage, a recent poll has found that lower-income Americans have so far seen little to no benefit from the recent tax law changes. 
  • Union Filed Complaint Against AT&T for Info on How Company Will Use Tax Windfall

    By:
    Chris Gaetano
    |
    May 16, 2018
    AT&T has become the subject of a complaint by the Communication Workers of America, a union that represents the contracts for over 14,000 workers at the company, seeking disclosure of how exactly the telecom giant will spend its multi-billion windfall generated by the recently enacted Tax Cuts and Jobs Act. 
  • SEC Charges Four in Scheme to Artificially Gin Up Demand for Stock

    By:
    Chris Gaetano
    |
    May 16, 2018
    While it seemed that demand for stock in the company Biozoom was really taking off, the SEC said this rise was due to manipulation from four individuals who traded shares among each other in order to pump up demand and, incidentally, the value of their investments. 
  • Society Supports Bill Eliminating CPE Exemption for Newly Licensed CPAs

    By:
    Chris Gaetano
    |
    May 15, 2018

    In an effort to ensure newly licensed CPAs remain competent in new and emerging skill sets clients and employers have come to expect in the age of blockchain and artificial intelligence, the NYSSCPA is supporting a bill that would require newly licensed CPAs in New York to earn up to 120 credit hours of continuing professional education during the first three years of licensure.  

  • Regulatory Roundup: May 9-15

    By:
    Chris Gaetano
    |
    May 15, 2018
    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. 
  • FASB Board Member Harold Monk Steps Down

    By:
    Chris Gaetano
    |
    May 15, 2018
    Harold Monk, who was appointed to the Financial Accounting Standards Board (FASB) in November 2016 and officially joined the board on Jan. 1, 2017, said he will be resigning from his post at the end of this month. 
  • IFRS Foundation Releases Annual Report

    By:
    Chris Gaetano
    |
    May 15, 2018
    The IFRS Foundation, which oversees the development and implementation of International Financial Reporting Standards (IFRS), has released its annual report, which goes over the progress of the foundation's goals, as well as its financial position. 
  • Caryn E. Kauffman Named SEC Chief Financial Officer

    By:
    Chris Gaetano
    |
    May 15, 2018
    The SEC has named Caryn E. Kauffman, a CPA, as its new chief financial officer. 
  • NY Proposals Seek to Ease Burden of SALT Caps, Other Limits

    By:
    Chris Gaetano
    |
    May 14, 2018
    While the Tax Cuts and Jobs Act (TCJA) concerns only federal policies, the size and scope of its provisions are having complicating effects on state-level tax planning, as well.