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| August 15, 2005 | The
Newspaper of the NYSSCPA |
Vol.
8, No.15 |
| School Audit Bills Become Law |
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NEW YORK—New York Gov. George Pataki last month signed into law a bill, in which the New York State Society of CPAs played a guiding hand, to help strengthen the financial accountability and oversight of the state’s public school districts. Considered a major piece of reform, the new law is intended to prevent the type of financial scandals and alleged audit failures that took place in Long Island’s public school systems, which so far have resulted in the alleged theft of millions in taxpayer money and the arrests of several school officials. |
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| PCAOB Approves Remediation Standard for Material Weaknesses |
| NEW YORK—The Public Company Accounting Oversight Board last month adopted a standard that could help motivate public companies to alertly address and correct any internal control weaknesses and, in the process, reassure investors that their financial reporting is reliable. Continue... |
| Bush Tax Panel Opposes AMT |
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New York—The
panel appointed by President George W. Bush to investigate reform
of the federal tax system last month suggested the elimination of
the Alternative Minimum Tax (AMT). Continue... |
| Committee Bulletin |
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Once upon a time there were two conferences: one that didn’t exactly fit in with its sponsoring committee, and another that had grown to be one day too long. Continue... |
| Chapter Newsletters |
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