Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

The Trusted Professional | NYSSCPA

 
 
Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the Jan/Feb Issue
IRS to Waive $1B in Some Late Payment Penalties
2024 to Be a Demanding Year for Internal Auditors
SEC OKs Audit Confirmation Standards

Latest Articles

  • FASB Seeks Comments on Proposal to Clarify Business Combination Guidance

    By:
    Karen Sibayan
    |
    Oct 31, 2024
    On Oct. 31, the Financial Accounting Standards Board (FASB) issued a proposed accounting standards update (ASU), a release said.  The proposal is meant to improve requirements for identifying the accounting acquirer in FASB Accounting Standards Codification Topic 805, Business Combinations

  • IRS Puts an End to Automatic Penalties Related to Foreign Gifts

    By:
    Karen Sibayan
    |
    Oct 30, 2024
    According to financial consulting firm RSM, on October 24, while speaking at the UCLA Tax Controversy Conference, IRS Commissioner Daniel Werfel noted that the agency will stop the systemic assessment of penalties for late-filed forms related to foreign gifts or bequests.

  • FASB Solicits Comments on Improvements to Software Guidance

    By:
    Karen Sibayan
    |
    Oct 29, 2024
    The Financial Accounting Standards Board (FASBA) on Oct. 29 published a proposed Accounting Standards Update (ASU) to update the guidance on accounting for software. Comments on the proposed ASU are due Jan. 27, 2025.

  • AI Can Be a Security Risk to CPA Practices Despite Its Benefits

    By:
    Karen Sibayan
    |
    Oct 29, 2024
    CPAs manage a significant amount of valuable data for themselves and their clients. Keeping the data safe is a major responsibility. Practices increasingly use AI to help with data management and security. Ironically, that technology can become a security risk by itself. How can a CPA practice utilize AI tools effectively while still being responsible for the client data that cybercriminals constantly attempt to access? This area is where the 2023 FTC Safeguards Rule comes in. 

  • Survey Indicates Accountants Mostly Leaning Republican as Election Day Nears

    By:
    Karen Sibayan
    |
    Oct 28, 2024
    As the 2024 U.S. presidential election nears its endgame, the accounting profession seems to be leaning significantly toward voting Republican. According to an Accounting Today survey of 407 accounting and tax professionals, 45% support Donald Trump, and 37% support Kamala Harris. Most who were undecided or who elected not to indicate a preference in the spring are choosing to back Trump.

  • Regulatory Roundup: October 22-28

    By:
    Karen Sibayan
    |
    Oct 28, 2024
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA'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.

  • Williams Sworn in for Second Term as PCAOB Chair

    By:
    Karen Sibayan
    |
    Oct 25, 2024
    Public Company Accounting Oversight Board (PCAOB) Chair Erica Y. Williams was sworn in at the Securities and Exchange Commission (SEC) on Oct. 24. Williams' second term runs from Oct. 25, 2025 to Oct. 24, 2029. The SEC reappointed Williams to serve her new term in June.

  • AICPA Calls for Guidance for Cannabis Businesses Before Rescheduling by DOJ

    By:
    Karen Sibayan
    |
    Oct 25, 2024
    On Oct. 21, the AICPA submitted a letter to the Treasury and IRS asking for guidance for cannabis businesses in anticipation of a possible rescheduling.

  • PCAOB Releases Three Key Resources to Facilitate QC 1000 Implementation

    By:
    Karen Sibayan
    |
    Oct 24, 2024
    The Public Company Accounting Oversight Board (PCAOB) on Oct. 23 released three new resources to help implement QC 1000, A Firm's System of Quality Control.

  • FASB Grants Private Companies Credit Loss Accounting Reprieve

    By:
    Karen Sibayan
    |
    Oct 24, 2024
    The Financial Accounting Standards Board (FASB) took up the Private Company Council’s (PCC) project applying Topic 326, Financial Instruments—Credit Losses, which requires organizations to measure all expected credit losses for financial instruments held at the reporting date.  
Page

Trending Articles