Oct. Trusted Professional: Society Critiques Proposed Audit Report Changes

Check out the October issue of The Trusted Professional for Society news and information on the key legislative, regulatory and administrative issues that affect you.

FRONT PAGE

Obama signs tax strategy patent ban

On Sept. 16, President Barack Obama signed into law largescale patent reform legislation that contains a provision halting the issuance of tax strategy patents.

Office of the Professionals rolls out new e-document management system

The new electronic document management system recently launched by the New York State Education Department’s (SED) Office of the Professions (OP) can shave days off the licensure approval process, said Daniel J. Dustin, executive secretary of the New York State Board for Public Accountancy.

Society comment letter critiques proposed audit report changes

The current format for the standard audit report is just fine the way it is, the NYSSCPA told the International Auditing and Assurance Standards Board (IAASB) in a recent comment letter, and, according to Julian E. Jacoby, vice chair of the Society’s Auditing Standards Committee, it soon plans to tell the Public Company Accounting Oversight Board (PCAOB) much the same thing.

PLUS

President's Commentary: A call for nominations for AICPA Council

Newsmaker: Douglas Lentivech, New York State Deputy Commissioner for the Professions

Quality of practice for CPAs in Industry: confidential information and contingent fees (QEPC Series: Part 3)

Speaker: Dishonest? Board of Regents will 'hammer' you

Camico War story: engagement creep

Self-made man Aaron Blecker, CPA, turns 100

Campus liaisons to help tackle student membership

Society advocates for Irene and Lee relief

Financial crisis aftermath leads to new risk assessment considerations by PCAOB

SEC defines 'family office' for registration purposes

CHAPTER NEWS