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Features

  • A winning team

    By:
    Scott M. Adair, CPA, NYSSCPA President
    |
    Aug 27, 2014
    Phil Jackson, one of the greatest coaches in the history of professional basketball (and, if you don’t follow sports, the current president of the New York Knicks) has a saying about teamwork that has stuck with me: “The strength of the team is each individual member; the strength of each member is the team.”
  • Target’s Massive Data Breach: Five Lessons for CPAs

    By:
    JOEL LANZ, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    Aug 25, 2014
    It wouldn’t surprise me if some readers have grown tired of articles on cybersecurity breaches. Though there have been serious attacks in recent months—especially the data breach at Target, in which as many as 110 million customers had their credit and debit card information stolen by hackers—the wall-to-wall news coverage can make it easy to feel desensitized, rather than incentivized to improve systems and learn about protections. What’s more, sometimes when readers do want to learn more, they encounter media stories and white papers that only seize upon fears and uncertainties. 
  • FAE speaker: Crash could have been worse

    By:
    CHRIS GAETANO
    |
    Aug 19, 2014
    Despite the financial sturm und drang of the last few years, James Glassman, Managing Director and Head Economist at JP Morgan, said that if he were to grade the U.S. on its economic recovery, he would give it an “A.” Surprised? Glassman, who made his remarks during the Foundation for Accounting Education’s CFOs, Controllers, Treasurers and Financial Professionals Conference, said the U.S. deserves some credit—things could have been much worse. 
  • Society inducts new members into young leaders program

    By:
    ANNA RAKOVSKY
    |
    Aug 18, 2014
    The NYSSCPA has inducted five new members into its Young Leadership Circle, a program it launched last year to help identify and cultivate the organization’s next generation of leaders.
  • Newsmaker: Meet Colorado State Auditor Dianne E. Ray

    By:
    CHRIS GAETANO
    |
    Aug 18, 2014
    On July 7, New York State Governor Andrew M. Cuomo signed into law a bill that allows marijuana to be used for medicinal purposes by patients with serious health conditions. The legislation creates new opportunities but, at the same time, new risks for businesses connected to the industry. Colorado State Auditor Dianne E. Ray a CPA, knows this all too well—last year, she completed the first ever performance audit of her state’s medical marijuana regulatory structure and got a close-up look at this burgeoning sector. 
  • How Much HR Help Should You Give a Client?

    By:
    SUZANNE M. HOLL, CPA
    |
    Aug 8, 2014
    Clients will, on occasion, ask their CPAs to assist them with a human resources-related matter. For instance, the CPA might be enlisted to help a company recruit a new CFO. Or, he or she might be asked to assist the client in rethinking how its accounting department should be set up. 
  • AICPA sues IRS over voluntary return preparer program

    By:
    CHRIS GAETANO
    |
    Aug 8, 2014
    The AICPA has filed a lawsuit against the IRS over a voluntary tax return preparer program that the institute said is riddled with flaws and should never have been implemented, since the IRS lacks the statutory authority to do so.