In Brief With new technologies come new forms of assets and, eventually, new rules for the regulation and taxation of such assets. Beyond the current…
Chief Financial Officers have seen their job description expand over the years to include broader responsibilities and more reporting requirements, such as those mandated under…
In Brief To date, “smart contracts” have had only limited use. Nevertheless, they have the power to be transformative, particularly when combined with artificial intelligence…
In Brief Although business's increasing utilization of technology to drive operational decisions has meant a greater reliance on data, it is exceedingly rare that an…
In Brief Corporations have long grappled with the question of how to report the potential impact of climate-related risks on their business. Recent years have…
Our latest issue is all about sustainability, often defined as long-term value creation. For New York State CPAs, that sustainability can show up in various…
In Brief Investors, creditors, and other users of financial information are increasingly looking beyond audited financial statements when making investment decisions. The culture in the…
In Brief Growing numbers of small and medium-sized enterprises (SME), spanning a range of sectors and geographies, are signaling their commitment to an ESG-rooted integrated…
FASB News 2023 Financial Reporting Taxonomies Finalized The SEC has accepted the 2023 U.S. GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy…
Reassessing the Erroneous Refund Penalty
The IRS Flexes an Obscure Authority
Under IRC section 6676, the IRS has the authority to assess penalties against taxpayers for making erroneous claims for refund or credit. In a 2013…
Keynote Session
Fireside Chat with PCAOB Chair Erica Y. Williams
About The Speaker The keynote speaker at the conference was PCAOB Chair Erica Y. Williams. Williams was sworn in as the chair in January 2022, coming from…
Ensuring Integrity
Highlights from the 17th Annual Baruch College Audit Conference
The 17th Annual Audit Conference, hosted by Baruch College on November 29, 2022, once again brought together auditors, regulators, standards setters, and preparers to discuss…
ICYMI | Enhancing Employee Resilience
How to Bounce Back from Job Stress and Burnout
It is widely understood that job stress can lower job satisfaction and performance while increasing feelings of stress and burnout. This is especially true in…
Just as the number of young students entering the profession has been shrinking, increasing numbers of older CPAs have been leaving due to forced retirement.…
FASB News Proposal that Will Boost Disclosures around Income Taxes Companies Pay in United States, Overseas FASB has proposed a package of income tax disclosure…
Professionals' workload seems to get more grueling each year with endless deadlines, changing laws, additional pressures in a COVID environment, and less staff to do…
ICYMI | Technostress and the Accounting Profession
Taking a Pragmatic Approach to Increased Connectivity
Over the past decade, the accounting profession has experienced a digital transformation as a result of the increased utilization of information and communication technologies (ICT).…
FASB News FASB Chair, Former SEC Chief Accountant Slated for Taxonomy Webcast FASB Chair Richard Jones and former SEC Chief Accountant Wes Bricker will address…
ICYMI | A Renewed Focus on Human Capital
Navigating regulations, leadership, and the workplace of tomorrow
Why has human capital become such a hot topic of conversation? Some will say that this is due to the COVID-19 pandemic. Others will argue…
ICYMI | State of the Profession
Analyzing the Results of the 2022 Practice Management Survey
In Brief The eighth annual 2022 NYSSCPA-Rosenberg Survey identifies trends from the national 24th Annual Practice Management Survey and provides profitability and growth data of…
The Inflation Reduction Act of 2022 (IRA; PL 117-169) was signed into law on August 16, 2022. This massive measure, which is intended to tamp…
FASB News Rulemakers Studying How Investors Use Artificial Intelligence to Consume Financial Data FASB and GASB are actively monitoring the evolution of electronic financial reporting,…
In Brief Fueled by competition, technological changes, and the impact of COVID-19, the landscape for certified public accounting firms is more competitive and dynamic than…
ICYMI | Practice Management and Tax Practice in the Current Environment
2022 Annual Survey of New York State Practitioners
In Brief Professional accountants continued to deal with practice-related, economic, social, and tax law changes resulting from the global pandemic during the 2022 busy season,…
Professionals' workload seems to get more grueling each year with endless deadlines, changing laws, additional pressures in a COVID environment, and less staff to do…
The Inflation Reduction Act of 2022 (IRA; PL 117-169) was signed into law on August 16, 2022. This massive measure, which is intended to tamp…
FASB News Board Votes to Issue Accounting Rule Changes for Leases under Common Control FASB voted by a 4-to-3 margin to issue a narrow standard…
When CPAs look to expand their services to incorporate personal financial planning, they often find a new set of challenges. The following are some of…
State of the Profession
Analyzing the Results of the 2022 Practice Management Survey
In Brief The eighth annual 2022 NYSSCPA-Rosenberg Survey identifies trends from the national 24th Annual Practice Management Survey and provides profitability and growth data of…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
A Renewed Focus on Human Capital
Navigating regulations, leadership, and the workplace of tomorrow
Why has human capital become such a hot topic of conversation? Some will say that this is due to the COVID-19 pandemic. Others will argue…
FASB News One New Standard and Three Proposals Expected this Quarter FASB plans to issue one new standard and three proposals by the end of…
Amid the dramatic market uncertainty generated by the COVID-19 pandemic, many organizations were forced to manage their assets more thoughtfully than ever. They turned to…
Technostress and the Accounting Profession
Taking a Pragmatic Approach to Increased Connectivity
Over the past decade, the accounting profession has experienced a digital transformation as a result of the increased utilization of information and communication technologies (ICT).…
Building a team with diverse backgrounds, experience, and skills is essential to fostering rich conversations and thoughtful decision making. This is why pursuing diversity, equity,…
Just as the number of young students entering the profession has been shrinking, increasing numbers of older CPAs have been leaving due to forced retirement.…
FASB News Questions on Applicability of U.S. Deferred Tax Accounting to OECD Pillar Two Rules FASB staff have been fielding questions about the applicability of…
Enhancing Employee Resilience
How to Bounce Back from Job Stress and Burnout
It is widely understood that job stress can lower job satisfaction and performance while increasing feelings of stress and burnout. This is especially true in…