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The Trusted Professional | NYSSCPA

 
 
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Firms Adapt to Changed Landscape for Clients, Revenue

Read the Sept/Oct Issue
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Promotions Continue, Even During Pandemic
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Dynamic Audit Solution: Transforming Audits
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NYS Enacts Recreational Cannabis Legalization

Latest Articles

  • Audit Partner Survey: Significant Number of Public Companies Adopting AI

    By:
    S.J. Steinhardt
    |
    Dec 8, 2023
    Almost one third (32 percent) of audit partners say that companies in their primary industry sector are using or planning to use generative artificial intelligence (AI) in financial reporting, the Center for Audit Quality (CAQ)’s Fall 2023 Audit Partner Pulse Survey found.

  • IRS Starts Disallowing Ineligible ERC Claims

    By:
    S.J. Steinhardt
    |
    Dec 7, 2023
    The IRS is sending more than 20,000 letters to taxpayers to inform them that their Employee Retention Credit (ERC) claims have been denied after an initial review found large numbers of claimants who did not meet the eligibility requirements for the credit.

  • IRS Fends Off Rumors of More Stimulus Checks

    By:
    S.J. Steinhardt
    |
    Dec 7, 2023

    A widely shared rumor on Facebook is just that. The IRS will not be issuing another round of stimulus checks.

  • SEC Chief Accountant Discusses Emerging Issues of Concern, Including Auditor Independence

    By:
    S.J. Steinhard
    |
    Dec 7, 2023
    The Securities and Exchange Commission (SEC) is paying close attention to the culture of audit firms, which need to commit to auditor independence and place the public interest at the center of operations, rather than making the audit practice solely responsible for its quality, SEC Chief Accountant Paul Munter said at a conference in Washington this week.

  • Survey: Frontline Workers Don’t Resent Their WFH Colleagues, But Want Flexibility

    By:
    S.J. Steinhardt
    |
    Dec 6, 2023
    Often overlooked in the debate over returning to the office (RTO) is that many workers do not have the option of working remotely, but these workers do not envy those who have the option of working from home all or part of the time, a survey found.

  • IRS Criminal Investigation Unit Identifies More Crimes Than in Previous Year

    By:
    S.J. Steinhardt
    |
    Dec 5, 2023
    The IRS's Criminal Investigation unit  (IRS-CI) identified $37.1 billion in tax and financial crimes in fiscal year 2023, exceeding the previous fiscal year, according to its 2023 Annual Report.

  • SEC Scrutinizing NDAs to Protect Potential Whistleblowers

    By:
    S.J. Steinhardt
    |
    Dec 5, 2023
    The Securities and Exchange Commission (SEC) has been moving to prevent employee nondisclosure agreements from including language that could deter potential whistleblowers.

  • SEC and FASB Both Considering Closer Scrutiny of Cash-Flow Statements

    By:
    S.J. Steinhardt
    |
    Dec 4, 2023
    The Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) are taking a closer look at cash-flow statements.

  • SEC Approves New PCAOB Standard on Audit Confirmations

    By:
    S.J. Steinhardt
    |
    Dec 4, 2023

    The Securities and Exchange Commission (SEC) voted to approve a new standard for audit confirmations from the Public Company Accounting Oversight Board (PCAOB) that updates a standard first adopted in 2003.

  • Regulatory Roundup: November 28-December 4

    By:
    S.J. Steinhardt
    |
    Dec 4, 2023

    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.
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