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Latest Articles

FASB Chair Golden Urges Continued International Cooperation

By:

Chris Gaetano
|
May 2, 2019

Financial Accounting Standards Board Chairman Russell G. Golden, in a speech today at Baruch College, urged further engagement with both the International Accounting Standards Board as well as national-level standards setters in other countries.
Regulatory Roundup: April 23-29

By:

Ruth Singleton
|
Apr 29, 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.
IRS Reports $4.4B Decrease in Refunds During Recent Tax Season

By:

Ruth Singleton
|
Apr 29, 2019

The IRS announced that the total amount of tax refunds in the recent tax season decreased by $4.4 billion, from $265.326 billion to $260.919 billion, a 1.7 percent decline.
FASB Releases Host of Targeted Amendments to Credit Loss Standard

By:

Chris Gaetano
|
Apr 26, 2019

The Financial Accounting Standards Board (FASB) has released a bevy of new, highly targeted and specific, amendments to its credit loss standard.
Study: U.S. Accounts for 41.7 Percent of All Health Care Spending Worldwide

By:

Chris Gaetano
|
Apr 26, 2019

Despite making up only 4.4 percent of the global population, the United States accounts for 41.7 percent of all health care spending worldwide.
Financial Accounting Foundation CEO Teresa S. Polley Announces Plans to Step Down

By:

Chris Gaetano
|
Apr 26, 2019

Teresa S. Polley, who has been the president and CEO of the Financial Accounting Foundation for 11 years, has announced that she plans to step down from her position.
Microsoft Joins $1 Trillion Club

By:

Chris Gaetano
|
Apr 25, 2019

Microsoft, which likely has produced at least one product you use regularly, has become the third company to be worth more than $1 trillion.
With TCJA Compliance So Complex, Firms Turn to AI

By:

Chris Gaetano
|
Apr 25, 2019

A recent survey by Ernst & Young has found that the vast majority of tax professionals are turning to artificial intelligence software to help companies comply with the Tax Cuts and Jobs Act.
Study: 63 Percent of Parents Say They Sacrificed Own Financial Security to Help Adult Children

By:

Chris Gaetano
|
Apr 24, 2019

A recently released study has found that the vast majority of parents have given at least some financial support to their adult children, and for many it has come at the expense of their own financial security.
Goldman Sachs First Bank to Release Report Using SASB Standards

By:

Chris Gaetano
|
Apr 24, 2019

Goldman Sachs became the first bank to issue a sustainability report using the standards of the Sustainability Accounting Standards Board.

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