Latest Articles

  • Regulatory Roundup: July 31-Aug. 5

    By:
    Chris Gaetano
    |
    Aug 5, 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.
  • Markets Worldwide in Dismay as China Responds to Trade War

    By:
    Chris Gaetano
    |
    Aug 5, 2019

    Stock markets around the world are falling in reaction to China letting its currency slip to a 10-year low, in response to the latest round of tariffs initiated by the White House.

  • State and Federal Governments Clash Over Unclaimed Bonds

    By:
    Chris Gaetano
    |
    Aug 5, 2019
    State governments have come into conflict with the U.S. Treasury Department over billions of dollars worth of unclaimed government bonds that the states would like to eventually hand off to owners they can find.
  • NYSSCPA Members Harry Moehringer, Nancy Catarisano Named to the 'Managing Partner Elite'

    By:
    Chris Gaetano
    |
    Aug 2, 2019
    NYSSCPA members Harry Moehringer, managing partner of Marks Paneth, and Nancy Catarisano, managing partner of Insero and Co., were named to Accounting Today's list of "Managing Partner Elite." 
  • SEC Charges REIT Execs With Accounting Fraud on Key Non-GAAP Metric

    By:
    Chris Gaetano
    |
    Aug 2, 2019
    The Securities and Exchange Commission has charged the real estate investment trust Bixmor Property Group and four of its executives with accounting fraud, saying that the firm manipulated a key non-GAAP metric that investors had come to rely upon. 
  • FASB Proposes Simplified Treatment for Financial Instruments With Qualities of Both Equity and Liability

    By:
    Chris Gaetano
    |
    Aug 1, 2019
    The Financial Accounting Standards Board (FASB), after extensive stakeholder input, has proposed a measure that would reduce the number of accounting models for convertible debt instruments and convertible preferred stock, in the interests of simplifying a procedure that many have complained is too complex. 
  • Equifax Settlement Payoff Likely to be Far Lower Than Expected

    By:
    Chris Gaetano
    |
    Aug 1, 2019
    Credit rating agency Equifax, which was subject to a data breach that affected almost half the country, was ordered to compensate people whose personal information was exposed by allowing them to potentially claim $125, but so many people have stepped forward to do so that the FTC said it's unlikely that claimants will get the full amount. 
  • Federal Judge Strikes Down IRS Rule Keeping Political Donors Secret

    By:
    Chris Gaetano
    |
    Jul 31, 2019
    A federal judge in Montana has struck down an IRS rule that allowed political nonprofits to keep their donor lists private. 
  • Federal Reserve to Lower Rates for First Time Since 2008

    By:
    Chris Gaetano
    |
    Jul 31, 2019
    The U.S. Federal Reserve has voted to lower interest rates for the first time in more than a decade, citing weak inflation and "global developments for the economic outlook." 
  • Regulatory Roundup: July 23-30

    By:
    Chris Gaetano
    |
    Jul 30, 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.