By Daniel Hood Published June 01 2017 At a meeting on Thursday, the Public Company Accounting Oversight Board approved a new standard that will significantly change the auditor’s report. The new standard, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, will, among other things, require auditors to […]
Art of Accounting: First-time partner, part 2 | Accounting Today
/in Blog, Members in the News, News/by CherylBy Edward Mendlowitz Published July 24 2017, 1:11pm EDT You may or may not feel different the first day you wake up as a partner, but you will be different. People’s perceptions of you will have changed. You will now be a partner and as such an owner, a prestigious person within the profession and […]
Introducing the NYSSCPA’ s New 501(c)(3): The Moynihan Scholarship Fund | CPA Journal
/in Blog, Members in the News, News/by CherylBy Joanne S. Barry, CAE July 2017 Issue, Publisher’s Column, Featured July 2017 In 2015, the NYSSCPA leadership established the Moynihan Fund as a way to recognize the contributions of recently deceased past president David J. Moynihan. The fund would be composed of the two education-based initiatives that since their inception have been programs of the Society’s […]
CPA Trendlines: 22 Ways Blockchain Will Change the Accounting Profession Forever
/in Blog/by CherylWill you be ready? By Hitendra Patil Accountaneur: The Entrepreneurial Accountant Stock exchanges and banking systems have worked on similar fundamentals in handling and creating what are known as “non-repudiable” transaction records: straight-through processing (STP), electronically connected networks of intermediaries in their “ecosystem,” etc. But unlike bitcoin, the stock exchange and banking systems are highly […]
Walt Frazier meets the accountants | Accounting Today
/in Blog/by CherylWith the incredible support of our co sponsor, Ed Sirlin and Signature Bank the Accountants Club of America Walt Frazier Event was a huge success! By Michael Cohn Published June 21 2017, 5:12pm EDT Basketball legend Walt “Clyde” Frazier told a group of accountants about his experiences playing for the New York Knicks™ championship teams […]
Amanda Wilkie – At AICPA Engage, blockchain is on the brain | Accounting Today
/in Members in the News/by CherylBy Ranica Arrowsmith Published June 16 2017 Amanda Wilkie, chief information officer at WithumSmith+Brown, went one step further and told attendees that blockchain would “change the world” — especially the accounting world. She recalled PCMag’s claim that 2017 would be the “year of the smart contract.” Blockchain was a favored subject during the 2017 […]
Accounting Today | PCAOB makes major changes to auditor’s report
/in News/by CherylBy Daniel Hood Published June 01 2017 At a meeting on Thursday, the Public Company Accounting Oversight Board approved a new standard that will significantly change the auditor’s report. The new standard, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, will, among other things, require auditors to […]
Sal Collemi – Speaker: Professional Skepticism Can, Must Be Cultivated | The Trusted Professional
/in Members in the News, News/by CherylBy: Chris Gaetano Published Date: May 23, 2017 Salvatore A. Collemi, a CPA with years of external auditing experience under his belt, told his audience at the Forensic Accounting and Litigation Service Conference on May 23 that professional skepticism is severely lacking in today’s business environment, but that it can be cultivated, and must be […]
Plain Paper Financial Statements
/in Blog, Members in the News, News/by CherylBy Vincent J. Love and Thomas R. Manisero This article explores the history and current risks for CPAs who offer services relating to “plain paper” financials. The profession was “burnt” once in 1136 Tenants’ Corp. v. Max Rothenberg & Co.; will commercial interests lead to cases being brought against CPAs if they perform “preparation services […]
Accountants discuss bridging the generations | Accounting Today
/in Blog/by CherylBy Michael Cohn Published May 09 2017 In today’s firms, older CPAs often find themselves explaining to younger staff how they used to rely on technologies like fax machines and calculators, while trying to get up to speed on newer cloud technology as they compete with the Big Four firms for new graduates. A multi-generational […]
10 ways to delegate at your firm after busy season | Accounting Today
/in Blog/by CherylBy Michael Cohn Published May 03 2017 10 ways to delegate at your firm after busy season The difficulties accounting firms face in recruiting staff make it all the more crucial that they use the staff they have efficiently — and that means getting partners to delegate work. One reason that partners may not delegate […]