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The New York State Society of Certified Public Accountants Board Procedures
The Trusted Professional
NYSSCPA Board of Directors Standing Rules* SR-1. Establishment of Selections Subcommittee—Each year, on or before August 1,…
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FASB Issues Standards Update in Response to Requests for Enhanced Income Tax Disclosures
Trusted Professional
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to improve income tax…
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IRS Restructures Leadership in Effort to Streamline Operational Efficiencies
Taxation
The IRS has announced its plans for a new leadership structure for the first time in two decades. The new organizational…
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Federal Reserve Keeps Rates Steady as It Hopes for a Soft Landing
Trusted Professional
The Federal Reserve Board, under Chairman Jerome Powell, seems poised to engineer the soft landing that it hoped to achieve…
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SEC Faces Legal Challenges to Several Recent Rules
Trusted Professional
The Securities and Exchange Commission (SEC) is facing a number of legal challenges to some rules passed since Gary Gensler…
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2024 to Be a Demanding Year for Internal Auditors
Auditing
The Institute of Internal Auditors’ (IIA) new requirements and updated standards will make 2024 a demanding year for…
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Survey Reveals Reasons Why Finance Employees Leave Their Jobs
Trusted Professional
Finance function employees leave their jobs any number of reasons, but unsatisfactory pay, new career opportunities and…
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IRS to Propose New Rules for Foreign Tax Credit
Taxation
The U.S. Department of the Treasury and the IRS have issued a notice of their intention to issue proposed regulations…
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Gov. Hochul Signs Non-CPA Ownership Bill into Law
Features
After 11 years of lobbying in Albany to allow non-CPAs to become minority partners at CPA firms, the NYSSCPA achieved success…
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