What New York CPAs Are Talking About

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  • Posted in: NYSSCPA News

    By: Nereida Gomez Certified public accountants throughout New York state give generously of their free time to better their profession and to assist with community causes and projects in the public interest. The NYSSCPA recognizes these ...

  • Posted in: NYSSCPA News

    Nominations for Society's Board of Directors Due Jan. 2 By: NYSSCPA Staff Published Date: Oct 16, 2017 Are you interested in serving on the NYSSCPA's Board of Directors? The Society's Nominating Committee is accepting submissions of interest by members to fill key leadership positions on the ...

  • Posted in: NYSSCPA News

    NYS Peer Review Bill Sent to Governor By: Chris Gaetano and Ruth Singleton Published Date: Oct 11, 2017 Legislation that would mandate peer review for all New York CPA firms that provide attest work for their clients, regardless of size, was today delivered to the governor's desk for his ...

  • Posted in: NYSSCPA News

    Use your expertise to help those affected by recent hurricanes The Small Business Administration (SBA) needs CPAs to help process disaster loan applications.  Apply  for a temporary position in one of the SBA's processing centers (Sacramento, Calif.; Buffalo, N.Y.; and Dallas, Texas), at the headquarters ...

  • Posted in: NYSSCPA News

    Hi all, In the wake of Hurricane Harvey and Irma, h ere are a few resources that share financial strategies to recovery during natural disasters. We hope that it will provide much-needed help for our readers (and their clients) who are affected by these storms. Casualty Loss Deductions and Other ...

Member Spotlight

Members in the News

Salvatore Collemi, Ed Mendlowitz, and Jordan Frey (Manhattan/Bronx)

IMA CEO Jeff Thomson favors accountants over robots
Accounting Today
October 4, 2017
Institute of Management Accountants president and CEO Jeff Thomson unveiled a new campaign to emphasize the value of management accountants as more jobs fall prey to robots and automation. During a speech Monday at a meeting of the Accountants Club of America in New York, Thomson discussed how accountants can deal with the threat of automation by learning new skills and technologies to stay on top of the latest trends. He also showed a new advertising campaign for the IMA’s Certified Management Accountant credential in which a robot gives up its seat at a conference room table to accommodate an accountant, telling him, “Sorry, I was just keeping your seat warm.” The commercial can be viewed on YouTube.

NYSSCPA PCAOB Auditor's Report Panel – Jan Herringer (Manhattan/Bronx)

SEC Must Rule on Auditor Revamp That Big Companies Oppose
Bloomberg BNA
October 4, 2017
The SEC in October will decide the fate of a proposal to expand the auditor’s report that some of the largest U.S. companies—Chevron Corp., Nike Inc., FedEx Corp., UnitedHealth Group, Nasdaq Inc., and 10 other companies and 13 trade groups—oppose. However, investors and accounting firms generally support the PCAOB’s enhanced auditor’s report, which will have auditors go beyond the traditional simple pass/fail determination and offer information on what areas of a company’s financial reporting kept the auditor and audit committee up at night. The PCAOB in June voted out the planned rule. Speakers at a Sept. 25 forum on the expanded auditor’s report shied away from outright predictions of the outcome of the SEC vote on the PCAOB measure, which calls for the external auditor to single out “critical audit matters” that proved particularly challenging for the auditor and audit committee. However, the SEC hasn’t ever rejected a PCAOB rule on auditing, said participants in a panel discussion held by the New York State Society of CPAs.

NYSSCPA Healthcare Conference

Helgerson Says Reforms Need to Move Quickly
Politico New York Health Care Digest
October 2, 2017
New York's health care delivery system must radically reform in the next decade or it will be swamped by the costs and demands of a boomer population that begins to turn 80 years old in 2026, according to Jason Helgerson, the state Medicaid director. "If we don't get ourselves and our own house in order ... we are on a crash course for a very, very bad outcome," Helgerson said Wednesday during a health care conference in lower Manhattan sponsored by the New York State Society of CPAs.

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