Latest Articles

  • 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. 
  • Wells Fargo Accused of ERISA Violations

    By:
    Chris Gaetano
    |
    Apr 30, 2018
    Embattled bank Wells Fargo, which has recently been involved in a series of scandals, has now been accused of violating the Employee Retirement Income Security Act by inappropriately pushing clients to roll their 401(k) into a more expensive IRA regardless of suitability. 
  • NYC Dept. of Finance Sends out Erroneous Late Notices, Will Send Correction Letters

    By:
    Chris Gaetano
    |
    Apr 27, 2018
    Members on NYSSCPA's Exchange forum have been reporting that the New York City Department of Finance has been sending notices that some unincorporated business tax filings were late even when they were actually filed on time, which the city later said was connected to the IRS technical difficulties on April 17. 
  • Before You Accept That Offer, Ask: How Toxic Is This Workplace?

    By:
    Chris Gaetano
    |
    Apr 27, 2018
    A toxic workplace culture will rarely identify itself as such, and so if you want to avoid working at a company that will leave you demoralized at best and deeply traumatized at worst, you might want to see whether the prospective employer matches the more common traits of a terrible organizational culture. 
  • Senate Bill Would Provide Retail Banking Services at Post Offices

    By:
    Chris Gaetano
    |
    Apr 26, 2018
    Senator Kirsten Gillibrand (D - NY) has proposed a bill that, if implemented, would make basic banking services available at all 30,000 U.S. post offices. 
  • Study: Knowing Identity of Audit Partner Tilts Investor Decisions 14 Percent

    By:
    Chris Gaetano
    |
    Apr 26, 2018
    A recent study has found that naming the audit engagement partner can affect investor behavior, sometimes significantly, because people tend to judge individuals more harshly than groups.
  • IRS Warns of Scammers Spoofing Telephone Numbers in Impersonation Scams

    By:
    Chris Gaetano
    |
    Apr 25, 2018
    The IRS has warned that scammers have learned to spoof phone numbers to make their calls appear to come from legitimate places like a local Taxpayer Assistance Center. 
  • Federal Government Expands Exemptions For ACA Individual Mandate Penalty

    By:
    Chris Gaetano
    |
    Apr 25, 2018
    The federal government has added four new exemptions to avoiding the Affordable Care Act's individual mandate penalty, which is already set to expire next year.