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News & Resources

  • IRS Warns Financial Institutions of Scams Designed to Steal FATCA-Related Account Data

    September 24, 2014
    The Internal Revenue Service (IRS) has issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). Scam artists posing as the IRS have fraudulently solicited financial institutions seeking account holder identity and financial account inrmation.
  • PCAOB Issues Alert on the Auditor’s Consideration of a Company’s Ability to Continue as a Going Concern

    September 23, 2014
    The Public Company Accounting Oversight Board has issued a Staff Audit Practice Alert to remind auditors to continue to follow existing PCAOB standards when considering a company's ability to continue as a going concern.
  • Business Leaders Urged to Rethink Approach to Value Chain

    September 23, 2014
    Not properly mitigating risk when expanding to emerging markets, lacking an accurate understanding of the impact of natural capital and failing to create the proper ethical culture can all prove to be weak links in a company’s value chain.
  • NJ Reaching Out to Those with Unpaid Tax Liabilities

    September 18, 2014
    The New Jersey Division of Taxation is sending letters to individuals and businesses who have unpaid New Jersey tax liabilities from tax periods 2005 through 2013, offering them an easy way to resolve those outstanding tax liabilities.
  • Insurance Freedom by Becoming Captive

    September 17, 2014
    If your company has not considered becoming a captive insurance member, you may want to explore the possibility, especially if your company has a strong claims experience history.
  • Accounting for Revenue Recognition

    September 17, 2014
    The Financial Accounting Standards Board and the International Accounting Standards Board on May 28 issued significantly revised standards on revenue recognition after more than 12 years of joint discussions, planning, meetings, public comments, roundtables and several proposals.
  • AICPA Urges Immediate Congressional Action on Tax Extenders

    September 17, 2014
    The American Institute of CPAs has urged Congress “to immediately address the fifty-seven tax provisions that expired at the end of 2013 and the six tax provisions that expire at the end of 2014.”

Recent Press Releases

  • Trio of NJSCPA Members Make Accounting Today’s “Top 100” List

    September 17, 2014
    Joining the likes of President Barack Obama and SEC Chair Mary Jo White, three distinguished members of the New Jersey Society of Certified Public Accountants (NJSCPA) were included in Accounting Today magazine’s annual “Top 100 Most Influential People” list.
  • Young CPAs Sponsor Food Drive for Those in Need

    September 12, 2014
    The New Jersey Society of Certified Public Accountants Young CPAs Council is sponsoring its fifth annual food drive through November 21 that will benefit the Community FoodBank of New Jersey.

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