CPAs in Industry

Imagine trying to run a company where nothing could be expensed except for the cost of the goods you're selling. Sounds difficult, right? People in the growing field of marijuana cultivation and distribution in states where the plant has been legalized for recreational use, such as Colorado and Washington, would agree.

A report from the Association of Chartered Certified Accountants, using data collected by Forbes, shows that, among a sample of 493 U.S.-based investors with a combined $2.3 trillion under management, most assume that the U.S. will eventually adopt Interntional Financial Reporting Standards (IFRS).

As had been expected, the New York City Board of Health voted to ban the sale of sweetened drinks in containers larger than 16 ounces, according to an article in the New York Times. The ban, which applies to restaurants, street carts and movie theaters, takes effect in March 2013.

Governor Cuomo has launched an outreach initiative to help New Yorkers start and grow their small businesses. "This program is all about creating jobs because when small businesses do well, New York does well," said Governor Cuomo in a statement that gave more details on the program.

The Financial Accounting Foundation (FAF) has announced that it is planning a series of roundtables and a webcast in order to educate people on its new proposal to establish a board that will focus on issues pertaining to pr

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.

Online coupon site Groupon.com was forced to halve its stated revenues as a result of what the company said were accounting errors that forced it to restate its financial results, according to the New York Times.

In a move that rocked share prices over the past weekend, said Thomson Reuters, the U.S. government announced a lawsuit against 17 banks across the world, including big players like Bank of America and Goldman Sachs, for the role it says they played in the real estate market collapse that preceded the most recent financial crisis.

The NYSSCPA will host a panel discussion on July 11 during the Annual Leadership Conference, which will explore the recommendations of the Blue-Ribbon Panel on Standards Setting for Private Companies recommendation that a private company accounting standards board be formed to oversee a modified form of U.S. Generally Accepted Accounting Principles (GAAP) that would apply to nonpublic entities.

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.

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.

It’s official: Euronext has announced that German company Deutsche Boerse, operator of the Frankfurt Stock Exchange, has merged with the New York Stock Exchange to create the “world’s premier global exchange group.”

As part of their ongoing convergence project, aimed at bringing U.S.

There's a new reason to mark April 15 your calendar this year.

On that date, the Treasury Department and the Department of Housing and Urban Development will reportedly request comment on questions related to the appropriate role of the Federal government in housing finance, according to the New York Times.