Financial
Accounting Standards Board Chair Robert H. Herz speaks
to CPAs and financial
press at the annual Financial
Reporting Conference at New York's Baruch College in
April.
Herz announced he will retire in October. Click
here for the related story.
New
SEC Rule Expands Shareholder Power
A
new rule recently
approved by the Securities and Exchange Commission (SEC)
gives corporate shareholders increased authority in deciding
who sits on the company’s board of directors.
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more 
Proxy/Ballot Mailed with Sept. 1 Trusted Professional
Society CPA members should be on
the lookout for a Sept. 1 special issue of The Trusted
Professional. It will come in a cellophane wrapper
with balloting materials for a membership vote on proposed
revisions to the NYSSCPA Code of Professional Conduct and
a proposed bylaws change that would create a new associate
category of Society membership.
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more
FASB:
Chair Retirement Won’t Delay Convergence
Financial
Accounting Standards Board (FASB) Chair Robert H. Herz’s
planned retirement in October won’t further delay
convergence of Generally Accepted Accounting Principles
(GAAP) with International Financial Reporting Standards
(IFRS), according to a board spokesperson.
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more
IRS
Group Studying Tax Structures Used by Wealthy
As personal
wealth and income grow, so does the complexity of their
management -- which in turn calls for a greater level of
examination at the regulatory level than what would be
applied to a
more typical taxpayer, said Donna Hansberry, the director
of the IRS’s Global High Wealth Group (GHW).
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more
State Comptroller
Releases Local Government Audit Results
The Office
of the New York State Comptroller completed 12 audits of
local governments around New York state during the month
of August. Here are the results of those examinations.
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more |
