March 2010

Regulatory Roundup 3/31/2010

Submitted by Melissa Hoffmann on Wed, 03/31/2010 - 19:02

Regulatory actions and updates for March 31, 2010:

[Full Story]

NYSSCPA Journalism Contest Winners

Submitted by Cara Patterson on Wed, 03/31/2010 - 15:32
A journalist’s role is more important than ever with the country in economic crisis. Journalists have asked questions—how did we get here and who should we hold accountable? What will pull us out? They’ve championed consumers facing powerful corporations and affected legislative reform. They’ve searched, interviewed, pried and exposed.

In recognition of their efforts, the NYSSCPA offers an annual award. The Society announced the results of its Excellence in Financial Journalism contest this month and will honor winners with a luncheon in May. Journalists are judged on accuracy, thoroughness, fairness and ability to communicate.

[Full Story]

Regulatory Roundup 3/30/2010: PCAOB's Proposed Auditing Standard Related to Communications with Audit Committees

Submitted by Melissa Hoffmann on Tue, 03/30/2010 - 18:50

 

Regulatory actions and updates for March 30, 2010:

[Full Story]

Proposed Rules Would Force Tax CPAs to Register with IRS and Pay Fee

Submitted by Melissa Hoffmann on Tue, 03/30/2010 - 13:12

The IRS is proposing to make CPA tax practitioners re-register their preparer tax identification numbers (PTINS) and pay a registration fee, as part of its effort to better regulate the tax preparation industry, according to agency spokespersonal Dianne M. Besunder.

[Full Story]

IRS Files Lien against Marion Barry

Submitted by Chris Gaetano on Tue, 03/30/2010 - 11:20

The IRS has issued a lien against former Washington D.C. mayor and current council member Marion Barry in order to collect some $15,000 worth of unpaid taxes.

[Full Story]

Regulatory Roundup 3/29/2010

Submitted by Melissa Hoffmann on Mon, 03/29/2010 - 16:04

Regulatory actions and updates for March 29, 2010:

[Full Story]

Regulatory Roundup 3/26/2010

Submitted by Colleen Lutolf on Fri, 03/26/2010 - 18:19

Regulatory actions and updates for March 26, 2010:

Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS)

  • Report: OCC and OTS Mortgage Metrics Report: Disclosure of National Bank and Federal Thrift Mortgage Loan Data, Fourth Quarter 2009

Congressional Budget Office (CBO)

[Full Story]

Nearly 30 Wall Street Bankers Accused in Bid-Rig Conspiracy Suit

Submitted by Chris Gaetano on Fri, 03/26/2010 - 14:36

Nearly 30 bankers from more than a dozen Wall Street firms, including big names like JP Morgan Chase, UBS and Lehman Brothers, have been named as co-conspirators in an already ongoing criminal antitrust case involving bid rigging and price fixing in the municipal derivatives market. The names of the banks had previously been hidden from the public but were inadvertently included in a court filing on March 24.

[Full Story]

CBO Predicts Social Security Deficit in 2010

Submitted by Chris Gaetano on Fri, 03/26/2010 - 10:48

Data from the U.S. Congressional Budget Office predicts that 2010 will be the first year that the Social Security payouts will begin to exceed revenues, something that was not expected to happen until 2016. However, says the New York Times, this timetable has been accelerated due to the crash in the real estate market and the consequent economic downturn.

[Full Story]

Regulatory Roundup 3/25/2010

Submitted by Melissa Hoffmann on Thu, 03/25/2010 - 15:52

Regulatory agency actions and updates for March 25, 2010:

[Full Story]

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