Latest Articles

  • Gallup Survey Finds People Have Dim View of Their Jobs

    By:
    Chris Gaetano
    |
    May 4, 2018
    Gallup's new State of the American Workplace survey has found that things aren't so good with the workers, as only a third would be considered engaged—that is, involved in, enthusiastic about and committed to their work and workplace— and 16 percent are "actively disengaged," defined as resentful that their needs aren't being met and are acting out on their unhappiness. 
  • Theranos Investors, Including Top Business and Government Officials, Lost $600M

    By:
    Chris Gaetano
    |
    May 4, 2018
    Recently unsealed court documents reveal that investors in Theranos Inc., including many top business and government officials such as Education Secretary Betsy DeVos and Mexican billionaire Carlos Slim, lost a collective $600 million in what the SEC believes to be a massive fraud. 
  • E&Y Settles Sexual Harassment Suit

    By:
    Chris Gaetano
    |
    May 3, 2018
    Ernst & Young has settled with a female tax partner over claims of sexual assault, harassment, and retaliation, according to Barron's.
  • GE Mortgage Unit, Haunted by Ghosts of Financial Crisis, May Turn to Bankruptcy for Exorcism

    By:
    Chris Gaetano
    |
    May 3, 2018
    More than a decade later, General Electric is still dealing with the fallout from its now-defunct sub-prime mortgage business. Faced with ongoing investor lawsuits and federal investigation, the company said the troubled unit might be forced to declare bankruptcy.  
  • Survey Finds People Think CEOs Mostly Driven by Greed, But Still Want Them to Take Lead on Issues

    By:
    Chris Gaetano
    |
    May 2, 2018
    A recent survey has found that while the majority of people say that CEOs are driven mostly by greed versus wanting to make the world a better place, they also want  CEOs to take the lead on change rather than wait for government to impose it. 
  • Federal Reserve: Climate Change Could Cut U.S. Economic Growth by One Third Over Century

    By:
    Chris Gaetano
    |
    May 2, 2018
    A study recently published by the Federal Reserve Bank of Richmond said that climate change could stunt U.S. economic growth by one third over the next century. 
  • CPA in Government Award Winner Scott Adair Bridges Worlds of Finance and Public Sector

    By:
    Chris Gaetano
    |
    May 1, 2018
    Former NYSSCPA President Scott M. Adair, winner of this year’s Outstanding CPA in Government Award, is the CFO of the Rochester-Genesee Regional Transportation Authority. He has worked in the public sector for 14 years, and he has met its challenges with a CPA’s sober eye and attention to detail.
  • Regulatory Roundup: April 25-May 1

    By:
    Ruth Singleton
    |
    May 1, 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.
  • Former CFO of Software Company Acquired by HP Is Convicted of Accounting Fraud

    By:
    Ruth Singleton
    |
    May 1, 2018

    The former chief financial officer of software company Autonomy Corp. was found guilty yesterday of using accounting fraud to come up with the $11.7 billion price that Hewlett Packard Co. paid for it in 2011. A federal jury in San Francisco voted to convict Sushovan Hussain on 14 counts of wire fraud and one count of securities fraud. He faces up to 25 years in prison on the securities fraud count.

  • IRS Asks What Guidance People Want Most

    By:
    Chris Gaetano
    |
    Apr 30, 2018
    The IRS is asking the public what guidance it should prioritize as it rolls out the finer points of the Tax Cuts and Jobs Act.