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New FASB Member Opens up About Priorities
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Latest Articles

  • Accountants and Auditors Named No. 19 in Most Promising Jobs of Next Decade

    By:
    Chris Gaetano
    |
    Sep 5, 2019
    An analysis by the Wall Street Journal of over 800 different jobs projects that accountants and auditors will be the 19th most promising profession in the next decade. 

  • NY Fed President Williams Says Economy Giving Mixed Signals

    By:
    Chris Gaetano
    |
    Sep 4, 2019
    New York Federal Reserve Bank President and CEO John C. Williams, in a recent speech, said that while headline metrics such as the GDP and unemployment rate paint a rosy picture, they must be considered alongside other measures that indicate an uncertain future. 

  • CEO-to-Worker Pay Ratio Has Skyrocketed Since 1980s

    By:
    Chris Gaetano
    |
    Sep 4, 2019
    A recent analysis has found that the pay ratio between a firm's CEO and its median worker has drastically increased over the decades. 

  • Regulatory Roundup: Aug. 27-Sept. 3

    By:
    Chris Gaetano
    |
    Sep 3, 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.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.

  • TIGTA: IRS Criminal Investigation Division Needs More Resources to Fight Identity Theft

    By:
    Chris Gaetano
    |
    Sep 3, 2019
    The Treasury Inspector General for Tax Administration (TIGTA) said in a recent report that the IRS Criminal Investigation Division should be playing a bigger role in fighting identity theft but has instead allocated most of its resources to more traditional tax crimes. 

  • Researchers Believe 12 Percent of All Public Companies Are 'Zombies'

    By:
    Chris Gaetano
    |
    Sep 3, 2019
    Recent economic research indicates that 12 percent of all public companies worldwide are, effectively, zombie companies, which, by all reason, should not still be in business, yet persist nonetheless. 

  • Study Finds Demand High, Supply Low for Accounting Professionals

    By:
    Chris Gaetano
    |
    Aug 30, 2019
    The Robert Half 2020 Salary Guide says that in both corporate and public accounting, the balance of power is favoring workers, as employers are scrambling to find qualified professionals who are in short supply.

  • SEC Says Investment Advisory Firm Defrauded Former NFL Players

    By:
    Chris Gaetano
    |
    Aug 30, 2019
    The Securities and Exchange Commission (SEC) has charged a Florida-based investment advisory firm and its two principals with defrauding former NFL players—many of whom have concussion-related brain damage—of a total of $4.1 million in capital.

  • Ransomware Demands Increased Sixfold Since Last October, Possibly Driven by Insurers' Willingness to Pay

    By:
    Chris Gaetano
    |
    Aug 29, 2019
    The average ransomware demand is now $36,000, roughly six times what it was in October 2018, a phenomenon that a recent ProPublica article links to insurance companies willing to just pay the ransoms rather than go through more costly data recovery processes. 

  • Study: 401(k)s Not Sufficient for Many Retirees Due to Immature System, Gaps in Coverage

    By:
    Chris Gaetano
    |
    Aug 29, 2019
    A study presented by the Retirement and Disability Research Consortium found that the actual 401(k) balance of a typical 60-year-old is less than a third of what it could have been, which the researchers said is mainly due to 401(k)s not existing long enough, and not enough jobs offering them. 
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