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Latest Articles

  • Regulatory Roundup: May 21-28

    By:
    S.J. Steinhardt
    |
    May 28, 2024

    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.

  • Center for Audit Quality Asks PCAOB to Extend Comment Period for Two Proposed Standards

    By:
    S.J. Steinhardt
    |
    May 23, 2024
    In a comment letter, the Center for Audit Quality (CAQ) asked the Public Companies Oversight Accounting Board (PCAOB) to extend its comment period for two proposed standards: Firm and Engagement Metrics and Firm Reporting. The CAQ also recommended "that the PCAOB delay sending the 19b-4 filing to the Securities and Exchange Commission (SEC) on standards QC 1000 and AS 1000—both of which the PCAOB approved on May 13—by at least 45 days.
  • IRS Extends Free File Program for Five Years

    By:
    S.J. Steinhardt
    |
    May 23, 2024
    The IRS announced that it will continue its Free File program through October 2029.
  • GASB Chair Highlights Upcoming Changes

    By:
    S.J. Steinhardt
    |
    May 22, 2024
    Joel Black, chair of the Governmental Accounting Standards Board (GASB), discussed some of the Board’s upcoming changes in an interview.
  • Melancon to Retire as AICPA President and CEO After 30 Years

    By:
    S.J. steinhardt
    |
    May 22, 2024

    Barry Melancon, the president and CEO of the AICPA, will retire at the end of the year, after serving in in this role for 30 years, the organization. He has also served as CEO of the Chartered Institute of Management Accountants (CIMA).

  • The Mystery of Bitcoin’s Inventor Persists After British Court Ruling

    By:
    S.J. Steinhardt
    |
    May 21, 2024
    Craig Steven Wright, the chief science officer of cryptocurrency company nChain, is not the man who invented Bitcoin, a British judge ruled
  • FDIC Chair Resigns After Devastating Report on Agency’s Toxic Culture

    By:
    S.J. Steinhardt
    |
    May 21, 2024
    Buffeted by reports of abuse and harassment at his agency, Federal Deposit Insurance Corp. (FDIC) Chair Martin Gruenberg said he would resign once a successor is confirmed.
  • Some Public Companies Have Yet to Resume Paying Dividends, Post-Pandemic

    By:
    S.J. Steinhardt
    |
    May 20, 2024
    Roughly a quarter of U.S.-listed companies that stopped paying a dividend in 2020 have yet to revive them in the face of inflation and higher interest rates.
  • IRS Drafting New Regulations on Digital Asset Reporting Requirements

    By:
    S.J. Steinhardt
    |
    May 20, 2024
    The IRS is in the process of drafting proposed regulations on digital asset reporting requirements, but the details are yet to be determined.
  • Regulatory Roundup: May 14-20

    By:
    S.J. Steinhardt
    |
    May 20, 2024

    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.