Latest Articles

  • Study: Guessing Name From Appearance More Effective Than Previously Thought

    By:
    Chris Gaetano
    |
    Aug 25, 2017
    A recent study has found that sentences like "oh, I knew your name was Gary, you look like a Gary" may have more basis in truth than initially thought. 
  • SEC Faults Municipal Bond Issuer for Failing to Disclose Previous Failures to Disclose

    By:
    Chris Gaetano
    |
    Aug 24, 2017
    The SEC has faulted the Beaumont Financing Authority for regularly failing to disclose required financial information to investors in a series of bond offerings, and then made matters worse when it later failed to disclose these previous failures to disclose, which the SEC said misled investors as to the the likelihood the district would comply with disclosure obligations in the future. 
  • As More Accounts Link to Phone Numbers, Identity Thieves Turn to Hijacking the Numbers Themselves

    By:
    Chris Gaetano
    |
    Aug 24, 2017
    Identity thieves are adapting to an increasingly popular security practice of requiring accounts to be linked to a phone number by tricking carriers into letting them hijack the number itself, allowing them access personally information nearly unimpeded. 
  • Study: Richest of the Rich Tend to be Over 80

    By:
    Chris Gaetano
    |
    Aug 23, 2017
    While there are plenty of young wealthy people, recent IRS data has found that, for the most part, the richest of the rich tend to be people 80 years and older. 
  • Study: Revenue Recognition Standard Could Lead to Volatility in Software Industry

    By:
    Chris Gaetano
    |
    Aug 23, 2017
    A recent study has found that revenue recognition practices particular to the software industry could lead to earnings volatility once the new standards go into effect. 
  • IRS Making Gains on IDing Bitcoin Users

    By:
    Chris Gaetano
    |
    Aug 22, 2017
    While its relative anonymity is one of the main appeals of Bitcoin and other digital currencies, the IRS has been making progress in finding ways to identify people trying to use them to avoid taxes.
  • SEC Weighting Letting Spotify Go Public Without an IPO

    By:
    Chris Gaetano
    |
    Aug 22, 2017
    The Securities and Exchange Commission is pondering whether to let streaming music service Spotify skip the IPO process entirely and just go public. 
  • Regulatory Roundup: Aug. 16-22

    By:
    Chris Gaetano
    |
    Aug 22, 2017
    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.
  • KPMG Knew About Shenanigans at Wells Fargo in 2013, But Didn't Think They Were Material

    By:
    Chris Gaetano
    |
    Aug 18, 2017
    Big Four firm KPMG, which has served as troubled bank Wells Fargo's external auditor for 85 years, knew about the unethical and illegal conduct at the financial institution since at least 2013, but didn't feel what they found was material and so didn't note it in their reports. 
  • TIGTA: IRS Missed Collecting $1.1 Million from Delinquent Federal Contractors

    By:
    Chris Gaetano
    |
    Aug 18, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) faulted the IRS for improperly excluding certain federal contractors from the Federal Payment Levy Program (FPLP), which allows the service to systemically collect back taxes from Federal contractors at a minimal cost. In so doing, it has missed out on collecting about $1.1 million in back taxes.