Latest Articles

  • SEC Chair: Not Every ICO is a Scam

    By:
    Chris Gaetano
    |
    Apr 6, 2018
    Despite recent high-profile enforcement actions involving cryptocurrency ICOs (initial coin offerings), SEC Chair Jay Clayton, in a recent speech, said that his agency is not out to destroy the entire sector and does not believe that every ICO is a scam. 
  • Report: Fraudsters Seek New Ground as Traditional Targets Beef Up Security

    By:
    Chris Gaetano
    |
    Apr 5, 2018
    While the battle against online fraud has improved remarkably in some areas, it has gotten much worse in others, indicating that fraudsters are changing their focus to softer targets as security tightens in traditional areas. 
  • Delta, Sears Reveal Data Breach

    By:
    Chris Gaetano
    |
    Apr 5, 2018
    This is getting a little repetitive no? Sears and Delta Airlines both revealed that, because of a data breach of a mutual third-party contractor, some of their customers' credit card information may have been exposed. 
  • New Data Breach: This Time at Panera Bread

    By:
    Chris Gaetano
    |
    Apr 4, 2018
    Another day, another shocking revelation of a data breach exposing the personal information of thousands of people. This time around, it's Panera Bread, which apparently was aware of the problem for almost a year before fixing it. 
  • Poll: CFOs Very Confident in Wake of New Tax Law

    By:
    Chris Gaetano
    |
    Apr 4, 2018
    A Deloitte survey of 155 CFOs, nearly all of whom are from companies with over $1 billion  in revenue, are expressing great confidence and optimism about the economy, much of it connected with the passage of the Tax Cuts and Jobs Act. 
  • NYS Budget Passes, Includes SALT Cap Workarounds, Excludes Non-CPA Ownership

    By:
    Chris Gaetano
    |
    Apr 3, 2018
    Albany successfully passed a $168 billion budget on March 31 that, among other things, includes several measures meant to mitigate the impact of the new $10,000 cap on state and local tax deductions brought about by the federal Tax Cuts and Jobs Act. 
  • GASB Releases Guidance on Debt Disclosures Pertaining to Direct Borrowing, Direct Placements

    By:
    Chris Gaetano
    |
    Apr 3, 2018
    The Governmental Accounting Standards Board (GASB) released guidance designed to enhance debt-related disclosures in notes to financial statements, including those addressing direct borrowings and direct placements.
  • Regulatory Roundup: March 28-April 3

    By:
    Chris Gaetano
    |
    Apr 3, 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 ‚Äč‚Äčannouncements from the past week, and puts them in one place to help you stay on top of the issues.
  • Saks Fifth Avenue, Lord & Taylor Report Data Breach, More Than 5M Affected

    By:
    Chris Gaetano
    |
    Apr 2, 2018
    Did you use a credit or debit card at either Saks Fifth Avenue or Lord & Taylor between May 2017 and now? You may be one of 5 million people affected by a massive data breach. 
  • As Lease Standard Deadline Looms, Only 20 Percent of Companies Say They Are Ready

    By:
    Chris Gaetano
    |
    Apr 2, 2018
    Companies are still struggling to get ready for the new lease standards from the Financial Accounting Standards Board (FASB), even as the effective date is now less than a year away.