Auditing

 Financial Execs Struggle To Measure and Mitigate Risks

July 6, 2016 

Financial Execs Struggle To Measure and Mitigate Risks

The survey also reveals that many organizations face a large challenge in moving toward a higher maturity of GRC activities – 43 percent of respondents say they are operating their compliance efforts at an ad hoc or fragmented/siloed level.

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June 26, 2016 

New York CPA Society Elects New Board Members

These new leaders come from all regions across the state of New York, including Albany, Rockland County, Westchester County, Suffolk County, Nassau County, Buffalo, Staten Island, Manhattan, Queens and Brooklyn, New York; Newburgh (Orange County), ...

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June 22, 2016 

Summer Reading Can Change Your Life!

To help you sift through the choices, we turned to our 40 Under 40 class, that stunning group of people who are paving new paths of leadership in our profession, for book recommendations. Maybe you’ll find some gems here that you can pack in your ...

Gail Perry

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June 22, 2016 

Evangelista to Lead NY Accounting Foundation

David Evangelista, CPA, a nationally-known employee benefit plans advisor and auditor, was recently elected president of the Foundation for Accounting Education’s (FAE) Board of Trustees.

 FASB Finalizes Standard for Credit-Loss Accounting

June 21, 2016 

FASB Finalizes Standard for Credit-Loss Accounting

After numerous delays and extensions, the Financial Accounting Standards Board (FASB) issued its long-awaited final standard on accounting for credit losses on Thursday. After meeting with concerned community bankers, auditors and regulators, the ...

 AICPA and CIMA Create New International Accounting Association

June 20, 2016 

AICPA and CIMA Create New International Accounting Association

A supermajority of AICPA members who voted supported the proposal, 86.5 percent to 13.5 percent, according to the independent tabulator Survey and Ballot Systems. CIMA members also overwhelmingly endorsed the proposal 89.7 percent to 10.3 percent ...

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June 15, 2016 

Watch Your Step! Don’t Trip into Investment Advice

A client asked his CPA for her opinion regarding an investment they were considering. Because the CPA did not have experience with this type of investment, she advised the client to consult with his own financial adviser, but she did not document the ...