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Latest Articles

  • Report: Working from Home Saves 72 Minutes a Day, Globally

    By:
    S.J. Steinhardt
    |
    Jan 27, 2023
    Workers around the world save an average of 72 minutes a day when working from home, a study by the National Bureau of Economic Research found.
  • Conference Keynote Speaker: DEI Can Be Gateway to Increased Market Share

    By:
    S.J. Steinhardt
    |
    Jan 27, 2023

    Natalie Madeira Cofield, a former assistant administrator for the Office of Women's Business Ownership at the U.S. Small Business Administration, made the business case for diversity, equity and inclusion (DEI) in her keynote address at the Foundation for Accounting Education's DEI Conference on Jan. 25, saying that DEI can lead to increased market share.

  • IRS Opens E-File Portal for Filing Forms 1099

    By:
    S.J. Steinhardt
    |
    Jan 26, 2023

    Aiming to reduce the number of paper Forms 1099 that it expects to be filed, the IRS announced on Jan. 25  that it has opened an online portal through which these forms can be filed for free.

  • Conference Speakers: Nonprofit CFOs Can Play Increased Role in Their Organizations

    By:
    S.J. Steinhardt
    |
    Jan 26, 2023

    The role of nonprofit chief financial officers continues to evolve as they confront a changing environment brought on by a confluence of events, two experienced professionals told those attending a session of the Foundation for Accounting Education's 45th Annual Nonprofit Conference on Jan. 19.

  • IAASB Issues Proposed Standard for Group Audits Within Less Complex Entities

    By:
    S.J. Steinhardt
    |
    Jan 25, 2023

    The International Auditing and Assurance Standards Board (IAASB) has reconsidered its earlier decision to exclude group audits from the larger standard for auditing less complex entities, and has issued a new proposal for a standard that would include such a section.

  • Lawsuit Claims PCAOB Violated Constitution When Disciplining Accountant

    By:
    Ruth Singleton
    |
    Jan 24, 2023
    In a lawsuit filed against the Public Company Accounting Oversight Board (PCAOB) last week, an unnamed accountant claims that the PCAOB, by conducting "secret disciplinary proceedings," deprived him of his right to a jury trial in violation of the Seventh Amendment to the Constitution and his right to due process in violation of the Fifth Amendment, among other violations.
  • IRS Reminder: Continue to Report Digital Asset Income

    By:
    Ruth Singleton
    |
    Jan 24, 2023
    Now that tax season is under way, the IRS is reminding taxpayers that they need to keep reporting all digital asset income.
  • Regulatory Roundup: January 18-23

    By:
    S.J. Steinhardt
    |
    Jan 23, 2023

    With so many regulators out here, 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.

  • SEC Proposed Rule on Climate Disclosures May Affect Private Companies

    By:
    S.J. Steinhardt
    |
    Jan 20, 2023
    Private companies may have to conduct environmental, social and corporate governance (ESG) reporting as part of the Securities and Exchange Commission (SEC)'s proposed rule on climate-related disclosures.
  • Some Corporate Leaders at Davos Express Unease About ESG

    By:
    S.J. Steinhardt
    |
    Jan 19, 2023
    The World Economic Forum (WEF) Annual Meeting in Davos provides an opportunity for some of the world’s leading businessmen and policymakers to discuss issues of common concern. One of them this year is environmental, social and corporate governance (ESG) investing.