Accountancy Reform Law

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.

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

Have you seen the latest issue of The Trusted Professional? Stay on top of Society news and the key legislative, regulatory and administrative issues that affect you.

The state's Quality Review Oversight Committee (QROC), the Regents-appointed, five-member body that will oversee the state's mandatory quality review review program that goes into effect Jan. 1, 2012, met for the first time in Albany on June 7 to discuss the basic purpose, structure and functions of the committee.

Have you seen the latest issue of The Trusted Professional? Stay on top of Society news and the key legislative, regulatory and administrative issues that affect you.

The New York State Board of Regents appointed four of the five required members of the state’s Quality Review Oversight Committee (QROC), the oversight body of the state’s new mandatory quality review program that goes into effect Jan. 1, 2012.

Mobility bill, S2628, was voted unanimously out of the New York State Senate’s Higher Education Committee on Tuesday and will now go before the full Senate for a vote.

The Public Company Accounting Oversight Board (PCAOB) announced that it has approved its $204.4 million budget for 2011, $21.1 million more than its budget for 2010. More than half of the 11.5 percent increase is to address the PCAOB’s new oversight of auditors of broker-dealers, as delineated by the Dodd-Frank Act.

The Securities and Exchange Commission (SEC) proposed new rules regarding security-based swaps as well as rules to improve the oversight of investment advisers. The goal of these rules is to increase and strengthen the oversight, accountability and transparency of various market activities, the SEC said.

A proposed NYSSCPA Bylaws change and revisions to the Society’s Code of Professional Conduct were approved by the NYSSCPA’s CPA membership during a members meeting at 10 a.m. this morning at the NYSSCPA offices in Manhattan.