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Latest Articles

  • Regulatory Roundup: December 12-18

    By:
    S.J. Steinhardt
    |
    Dec 18, 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.

  • FAE Board of Trustees Nominations Due by Feb. 2

    By:
    Trusted Professional Staff
    |
    Dec 18, 2023
    If you are interested in serving on the Foundation for Accounting Education (FAE) Board of Trustees, a nomination must be submitted by Feb. 2, 2024, at 12 p.m. (EST).
  • The New York State Society of Certified Public Accountants Board Procedures

    By:
    Trusted Professional Staff
    |
    Dec 18, 2023
    NYSSCPA Board of Directors Standing Rules. SR-1. Establishment of Selections Subcommittee—Each year, on or before August 1, the Board shall establish a Selections Subcommittee composed of the President-elect, who will serve as the subcommittee chair, plus four Board members to be appointed by the President. Two of the appointees are to be at-large Directors, and two are to be chapter representatives.
  • FASB Issues Standards Update in Response to Requests for Enhanced Income Tax Disclosures

    By:
    S.J. Steinhardt
    |
    Dec 15, 2023
    The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to improve income tax disclosures from investors, lenders, creditors and other allocators of capital that use the financial statements to make capital allocation decisions.
  • IRS Restructures Leadership in Effort to Streamline Operational Efficiencies

    By:
    S.J. Steinhardt
    |
    Dec 15, 2023
    The IRS has announced its plans for a new leadership structure for the first time in two decades.
  • Federal Reserve Keeps Rates Steady as It Hopes for a Soft Landing

    By:
    S.J. Steinhardt
    |
    Dec 14, 2023
    The Federal Reserve Board, under Chairman Jerome Powell, seems poised to engineer the soft landing that it hoped to achieve by cooling inflation without triggering a recession.
  • SEC Faces Legal Challenges to Several Recent Rules

    By:
    |
    Dec 13, 2023
    The Securities and Exchange Commission (SEC) is facing a number of legal challenges to some rules passed since Gary Gensler became its chair in 2021.
  • 2024 to Be a Demanding Year for Internal Auditors

    By:
    S.J. Steinhardt
    |
    Dec 13, 2023
    The Institute of Internal Auditors’ (IIA) new requirements and updated standards will make 2024 a demanding year for internal auditors, said former IIA President and CEO Richard Chambers.
  • Survey Reveals Reasons Why Finance Employees Leave Their Jobs

    By:
    S.J. Steinhardt
    |
    Dec 12, 2023

    Finance function employees leave their jobs for any number of reasons, but unsatisfactory pay,  new career opportunitie, and management issues top the list, a recent survey found.

  • IRS to Propose New Rules for Foreign Tax Credit

    By:
    S.J. Steinhardt
    |
    Dec 12, 2023
    The U.S. Department of the Treasury and the IRS have issued a notice of their intention to issue proposed regulations regarding application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the Global Anti-Base Erosion (GloBE) Model Rules.