Latest Articles

  • SEC Charges Accounting Firm RSM with Independence Violations on Over 100 Audit Reports

    By:
    Chris Gaetano
    |
    Aug 28, 2019
    The Securities and Exchange Commission (SEC) has charged the accounting firm RSM with violating independence rules on over 100 audit reports involving at least 15 clients. 
  • Study Finds Restaurants, Hotels Have Highest Approval Rate for Small Business Loans

    By:
    Chris Gaetano
    |
    Aug 28, 2019
    A recent study has found that, in 2018, restaurants and hotels made up the highest percentage of small business loan approvals, with 51 percent of applications being approved. 
  • U.S. and France Reach Agreement on Digital Tax

    By:
    Chris Gaetano
    |
    Aug 27, 2019
    The United States and France have announced that they've come to an agreement on how to handle a controversial new French tax law that had been a source of tension between the two countries. 
  • Study: Focusing Only on Bottom Line Linked to Lower Worker Performance

    By:
    Chris Gaetano
    |
    Aug 27, 2019
    A recent study from Baylor University has found that focusing only on bottom-line profits leads to poorer financial results than investing in one's team. 
  • Represent New York State on the AICPA Council: A Call for Nominations

    By:
    Kevin Matz, NYSSCPA Secretary/Treasurer
    |
    Aug 27, 2019

    In October 2019, the NYSSCPA Board of Directors will submit the names of three individuals to the AICPA’s Nominations Committee, which nominates members for election to the AICPA Council. Those nominees, once duly elected, will each serve three-year terms, beginning May 2020, on the approximately 265-person governing council. In addition, one person will be designated by the Society to serve a one-year term as its representative to the council, also beginning May 2020. If you or a colleague you know is interested in serving on the AICPA Council, the deadline to apply is 12 p.m. (EST), Sept. 13, 2019.

  • Regulatory Roundup - Aug. 20-26

    By:
    Chris Gaetano
    |
    Aug 26, 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.
  • B Corporations Challenge Business Roundtable to Put Money Where Mouth Is on Stakeholder-Driven Perspective

    By:
    Chris Gaetano
    |
    Aug 26, 2019
    An association representing B corporations—businesses organized with a social as well as a financial purpose in mind—reacted to a recent Business Roundtable statement declaring an end to shareholder primacy by challenging its members to follow through by certifying their new outlooks to make them legally binding. 
  • KPMG's U.S. CEO and Chair Declares She Won't Seek Second Term

    By:
    Chris Gaetano
    |
    Aug 26, 2019
    Lynn Doughtie, CEO and chair of KPMG in the United States, has announced that she will not be seeking a second five-year term and will step down in June. 
  • PCAOB Releases Guidance on Auditing Estimates and Auditor’s Use of the Work of Specialists

    By:
    Chris Gaetano
    |
    Aug 23, 2019
    The Public Company Accounting Oversight Board (PCAOB) has released four new staff guidance documents outlining implementation of new rules concerning auditing estimates and the use of specialists.  
  • IRS Warns of New Impersonation Scam Using Spoofed Government Websites

    By:
    Chris Gaetano
    |
    Aug 23, 2019
    The IRS has been receiving reports of a new email scam that directs people to websites that greatly resemble its own in order to glean personal information from victims.