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The Trusted Professional | NYSSCPA

 
 
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CPA Evolution Aims for Radical Rethinking of Profession
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Read the Summer/Fall 2020 Issue (pdf)
Read our latest issue!
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No Change to Ethics CPE in January 2020
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SEC Seeks to Change Auditor Independence Rules
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First Mazars Female Partner Speaks on Diversity

Latest Articles

  • IRS Starts Disallowing Ineligible ERC Claims

    By:
    S.J. Steinhardt
    |
    Dec 7, 2023
    The IRS is sending more than 20,000 letters to taxpayers to inform them that their Employee Retention Credit (ERC) claims have been denied after an initial review found large numbers of claimants who did not meet the eligibility requirements for the credit.

  • IRS Finds Itself Fending Off Rumors of More Stimulus Checks

    By:
    S.J. Steinhardt
    |
    Dec 7, 2023

    A widely shared rumor on Facebook is just that. The IRS will not be issuing another round of stimulus checks.

  • SEC Chief Accountant Discusses Emerging Issues of Concern, Including Auditor Independence

    By:
    S.J. Steinhard
    |
    Dec 7, 2023
    The Securities and Exchange Commission (SEC) is paying close attention to the culture of audit firms, which need to commit to auditor independence and place the public interest at the center of operations, rather than making the audit practice solely responsible for its quality, SEC Chief Accountant Paul Munter said at a conference in Washington this week.

  • Survey: Frontline Workers Don’t Resent Their WFH Colleagues, But Want Flexibility

    By:
    S.J. Steinhardt
    |
    Dec 6, 2023
    Often overlooked in the debate over returning to the office (RTO) is that many workers do not have the option of working remotely, but these workers do not envy those who have the option of working from home all or part of the time, a survey found.

  • IRS Criminal Investigation Unit Identifies More Crimes Than in Previous Year

    By:
    S.J. Steinhardt
    |
    Dec 5, 2023
    The IRS's Criminal Investigation unit  (IRS-CI) identified $37.1 billion in tax and financial crimes in fiscal year 2023, exceeding the previous fiscal year, according to its 2023 Annual Report.

  • SEC Scrutinizing NDAs to Protect Potential Whistleblowers

    By:
    S.J. Steinhardt
    |
    Dec 5, 2023
    The Securities and Exchange Commission (SEC) has been moving to prevent employee nondisclosure agreements from including language that could deter potential whistleblowers.

  • SEC and FASB Both Considering Closer Scrutiny of Cash-Flow Statements

    By:
    S.J. Steinhardt
    |
    Dec 4, 2023
    The Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) are taking a closer look at cash-flow statements.

  • SEC Approves New PCAOB Standard on Audit Confirmations

    By:
    S.J. Steinhardt
    |
    Dec 4, 2023

    The Securities and Exchange Commission (SEC) voted to approve a new standard for audit confirmations from the Public Company Accounting Oversight Board (PCAOB) that updates a standard first adopted in 2003.

  • Regulatory Roundup: November 28-December 4

    By:
    S.J. Steinhardt
    |
    Dec 4, 2023

    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.

  • PCAOB Sanctions China- and Hong Kong-Based Firms for Violations

    By:
    S.J. Steinhardt
    |
    Dec 1, 2023
    The Public Company Accounting Oversight Board (PCAOB) has sanctioned three China-based firms and four individuals as part of its first set of enforcement settlements with audit firms in the region since it gained full access to inspect them late last year.
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