Trusted Professional

Society Tackles Dual Registration Threat for Forensic CPAs

By working with lawmakers in both the Senate and the Assembly, the NYSSCPA has been successful in getting legislation introduced that would remove the threat of a dual registration requirement for CPAs performing forensic accounting work.

The legislation was introduced by State Senator Michael Venditto (R - Massapequa), chair of the Senate's Consumer Protection Committee, and State Assembly member Robin Schimminger (D - Kenmore), chair of the Assembly's Committee on Economic Development, Job Creation, Commerce and Industry. Both legislators have been responsive to the Society’s outreach on this matter. If the bill passes through its next phase, votes at the committee level in the Assembly and the Senate, it will be brought to the floor for a full vote of the legislature.

The Society has asked for this legislation due to the ambiguity of current state law when it comes to the regulations surrounding private investigator registration requirements. CPAs in other states have reported issues with similar ambiguity in the regulations, which led the NYSSCPA to act on this issue before it severely impacted CPAs in New York.

​CPAs are already regulated by the New York State Department of Education and therefore should be exempted from oversight by an additional agency. CPA organizations from other states facing this issue have been successfully able to pass legislation that exempted CPAs from having to register as private investigators, in the same way that attorneys have been exempted from these rules.