Latest Articles

  • Recession Fears Spread to Wealthy Families

    By:
    Chris Gaetano
    |
    Sep 24, 2019
    While the chance of a recession in our near future is still a matter of debate, it seems the world's wealthiest families do not plan to wait for a definitive answer, as family offices have begun stockpiling cash reserves to prepare for the worst. 
  • NYSSCPA Members Make Up Nearly Half of Crain's Notable Women in Accounting and Consulting for 2019

    By:
    Chris Gaetano
    |
    Sep 24, 2019
    NYSSCPA members made up 36 of the 77 accounting professionals selected for Crain's Notable Women in Accounting and Consulting list for 2019. 
  • House Passes Bill to Establish PCAOB Whistleblower Program

    By:
    Chris Gaetano
    |
    Sep 23, 2019
    The House of Representatives has passed a bill that, if signed into law, would establish a new whistleblower program at the Public Company Accounting Oversight Board (PCAOB) that would reward people for information about potential audit rule violations and prohibit retaliation against those who share it. 
  • Regulatory Roundup - Sept. 17-23

    By:
    Chris Gaetano
    |
    Sep 23, 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.
  • Federal Reserve Cash Injections into Repo Market Continue Into Second Week

    By:
    Chris Gaetano
    |
    Sep 23, 2019
    The Federal Reserve continued pouring more cash into the trouble market for overnight repurchase agreements; its latest $47.7 billion injection today was the fifth since last Tuesday.
  • Rise of Sustainability Reporting Brings Questions of Motivation, Agenda

    By:
    Chris Gaetano
    |
    Sep 20, 2019
    The use of sustainability accounting has grown apace with a rising demand from both investors and consumers for information on firms’ environmental, social and governance-related (ESG) impacts to the point where, today, 85 percent of S&P 500 companies report on such matters in some form or another. Yet with this rise have also come concerns that, in some cases, these reports are less for informing stakeholders about accountability and growth, and more for managing public perceptions.
  • Business Roundtable CEOs Say End to Shareholder Primacy Won't Necessitate New Actions, As Companies Are Already Fine

    By:
    Chris Gaetano
    |
    Sep 20, 2019
    While 181 of the nation's top CEOs made quite a stir last month when they released a statement declaring an end to the shareholder-first mentality in favor of a broader stakeholder responsibility paradigm, a recent story in Bloomberg found that signing the statement won't necessarily translate into making changes at their own companies, as some signatories say they're already where they need to be. 
  • Study: Mission Statement Wording Linked to How Often Firms Subject of EEOC Complaints

    By:
    Chris Gaetano
    |
    Sep 20, 2019
    A recent study has found that firms with mission statements emphasizing thoughtfulness and quality had fewer Equal Opportunity Employment Commission complaints than those whose mission statements emphasized action and speed. 
  • 2019 Leadership Conference Focuses on CPA Evolution, Strategic Planning

    By:
    Ruth Singleton
    |
    Sep 20, 2019

    At its 2019 Leadership Conference, held on July 28–30 at the Resorts World Catskills Hotel & Casino in Monticello, N.Y., the NYSSCPA focused on major changes within the profession, strategic planning for the future of the Society and preparing young members for leadership roles.

  • FAE Enhances Course Offerings, Lowers Pricing

    By:
    Ruth Singleton
    |
    Sep 20, 2019
    The Foundation for Accounting Education (FAE) is expanding its range of courses so as to better serve NYSSCPA members, and in recent months, has also significantly reduced prices for early registrants and those attending webcasts.