Latest Articles

  • Speaker: Regulators Increasingly Sophisticated in Data Analytics, Firms Must Keep Up

    By:
    Chris Gaetano
    |
    May 8, 2019
    Regulators such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are increasingly turning to data analytics in their enforcement efforts, which a speaker at the Foundation for Accounting Education's Broker-Dealer Conference on May 8 said is apparent in the types of data they're interested in. 
  • Speakers: Blockchain Has Great Promise for Broker-Dealers But Infrastructure Lagging Behind

    By:
    Chris Gaetano
    |
    May 8, 2019
    A pair of speakers during the Foundation for Accounting Education's Broker-Dealer Conference on May 8 said that blockchain holds great promise for broker-dealers and the securities industry as a whole, but that a lack of infrastructure appropriate for the technology is holding back its true potential. 
  • PCAOB Says Audit Quality Improving, But Trouble Areas Remain

    By:
    Chris Gaetano
    |
    May 7, 2019
    The Public Company Accounting Oversight Board (PCAOB) has issued a report, based on its latest round of staff inspections, finding that, overall, audit quality seem to be improving, which it attributed to the adoption by audit firms of good practices that led to overall improved engagement quality. 
  • French Telecom Faces Criminal Charges Over 19 Suicides, 12 Attempts Connected With Toxic Work Environment

    By:
    Chris Gaetano
    |
    May 7, 2019
    Senior leaders of France's largest telecommunications company are facing criminal charges over allegedly creating a work environment that was so psychologically toxic that authorities are arguing it led 19 employees to kill themselves and 12 more to attempt to kill themselves. 
  • Study: 41 States Collected More Tax Revenue Last Year Than They Did Prerecession

    By:
    Chris Gaetano
    |
    May 6, 2019
    Even when taking inflation into account, a record-breaking 41 states collected more tax revenue last year than they did prior to the 2008 recession. 
  • Regulatory Roundup - April 30 - May 6

    By:
    Chris Gaetano
    |
    May 6, 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. 
  • IASB Proposes Relief During Changeover Away From LIBOR Interest Rate

    By:
    Chris Gaetano
    |
    May 6, 2019
    The International Accounting Standards Board (IASB) has proposed amendments that are intended to help ease the transition away from the London Interbank Offered Rate (LIBOR) toward alternate benchmarks. 
  • NextGen Conference Speaker Says Adaptation Is Essential in New Age of Tech Disruption

    By:
    Chris Gaetano
    |
    May 3, 2019

    Rebekah Brown, director of development at the Maryland Association of CPAs and a keynote speaker at the Foundation for Accounting Education’s NextGen Conference on May 3, said that the rate of technological change is growing enormously, and that CPAs must learn to anticipate and adapt to it if they want to thrive in this new era of disruptive innovation.

  • NextGen Conference Speaker: Investing in Full Self Pays Dividends

    By:
    Chris Gaetano
    |
    May 3, 2019
    Anthony Nitti, a federal tax partner at the firm RubinBrown and a speaker at the Foundation for Accounting Education's NextGen Conference on May 3, found out the hard way what happens when you ignore work-life balance in either direction, and he asked his audience in Manhattan to learn from his experiences. 
  • Dept. of Labor Says Gig Economy Workers Not Employees

    By:
    Chris Gaetano
    |
    May 2, 2019
    The U.S. Department of Labor has said in a recent letter that gig economy workers, such as Uber drivers, are not employees under the Fair Labor Standards Act but, rather, independent contractors.