Latest Articles

  • Study Suggests Cryptocurrency Boom Driven by Manipulation, Not Demand

    By:
    Chris Gaetano
    |
    Jun 13, 2018
    A recent study from University of Texas in Austin suggests that at least half of the meteoric rise in cryptocurrency valuation last year could be reflective not of market demand but of a motivated campaign of price manipulation. 
  • Society Honors Best Financial Reporting of 2017 at EFJ Awards

    By:
    Ruth Singleton
    |
    Jun 12, 2018
    At the NYSSCPA’s Excellence in Financial Journalism Awards luncheon on June 8, the Society honored some of 2017’s best financial journalism and the reporters and other professionals who produced it.
  • UK Regulator Fines KPMG £3 Million

    By:
    Chris Gaetano
    |
    Jun 12, 2018
    The UK's Financial Reporting Council, which regulates auditors, fined Big Four firm KPMG over poor audit work for insurance software company Quindell which, after the auditors blessed the financial statements, restated its information and turned an £83 million profit into a £68 million loss.
  • States Scrambling to Adjust to Federal Tax Law Changes, Leaving Companies Uncertain on Future

    By:
    Chris Gaetano
    |
    Jun 12, 2018
    The speed at which the Tax Cuts and Jobs Act was signed into federal law has left state government reeling as they debate how their own tax systems should react, leaving companies unsure of what to do as legislatures debate the degree to which they should conform to federal law. 
  • Regulatory Roundup: June 6-12

    By:
    Chris Gaetano
    |
    Jun 12, 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.     
  • Private IRS Debt Collectors Target Large Numbers of Low-Income Taxpayers

    By:
    Chris Gaetano
    |
    Jun 11, 2018
    National Taxpayer Advocate Nina Olson said that since the re-authorization of private debt collectors to go after delinquent taxpayers, they have targeted large numbers of low-income individuals, 44 percent of whom had incomes below 250 percent of the federal poverty level.
  • More Than One in Five Managers Perceive Those Who Take Lunch Breaks as Less Hardworking

    By:
    Chris Gaetano
    |
    Jun 11, 2018
    A survey has found that many managers have taken Gordon Gecko's pronouncement that lunch is for wimps to heart, as 22 percent of them say employees who take a lunch break are less hardworking than those who do not. 
  • Ernst & Young Tops List for Public Company Audits

    By:
    Chris Gaetano
    |
    Jun 8, 2018
    Big Four firm Ernst & Young conducted the most public company audits in 2017, beating out its other three rivals by over 4 percent. 
  • Analysis Finds Long-Term Investors Leaving Bitcoin, Speculators Moving In

    By:
    Chris Gaetano
    |
    Jun 8, 2018
    A recent analysis has found that long-term investors are cashing out on bitcoin, the digital currency that seems to repeatedly crop up in headlines, while short-term speculators are cashing in. 
  • Study: Moderate Scrutiny Most Likely to Produce Inflated Earnings Statements, Versus High or Low

    By:
    Chris Gaetano
    |
    Jun 7, 2018
    A recent study has found that there is a Goldilocks zone for earnings management risk, with executives most likely to overstate performance when there is a moderate amount of external scrutiny, versus high or low levels.