News
Paul Iannone and Danny Pannese write Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations
October 06, 2022
Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CVA, CSEP, MST, both associate professors in the Jack Welch College of Business & Technology at Sacred Heart University in Fairfield, wrote the Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations.
Senate Bill Would Force Large Private Companies to Register with SEC
September 27, 2022
Sen. Jack Reed of Rhode Island and two other Senate Democrats have filed legislation that would establish new SEC registration triggers for certain large private companies.
Connecticut CPA Magazine Excerpt: Integrating ESG Into Your Business Strategy
September 21, 2022
By Timothy P. Hedley, PhD, CPA, CFF, CFE, Executive in Residence – Fordham University, CTCPA Chair-elect, and ESG Committee Chair
Certain tax services do not violate US ban on provision of accounting services in relation to Russia sanctions
June 10, 2022
A U.S. accounting firm is not prohibited by a White House executive order regarding U.S. sanctions against Russia from providing tax advisory and preparation services to the U.S. subsidiary of a Russian company in certain scenarios, according to guidance issued Thursday by Treasury's Office of Foreign Assets Control (OFAC).
Connecticut CPA Magazine Excerpt - The FASB and the GASB: Meet the New Chairs
January 06, 2022
Meet Joel Black, Chair of the Governmental Accounting Standards Board and Richard Jones, Chair of the Financial Accounting Standards Board.
New Record Retention Requirements for Connecticut CPAs
August 18, 2021
The bill requires CPAs to keep work product and workpaper related to work for a client for at least seven years after creation unless the law requires a longer retention. Current law only specifies that CPAs must retain workpaper as required by law.
Connecticut CPA Magazine Excerpt - Tech-Driven Audit Approach: What You Need to Know
July 12, 2021
Deciding on the best audit approach isn’t a cookie-cutter process. While a long-standing relationship with a client or in-depth industry knowledge can give auditors a leg up, defining an effective audit approach requires careful consideration and planning for every engagement.
Connecticut CPA Magazine Excerpt - The FASB and the GASB: Meet the New Staff Leaders
July 12, 2021
Meet Alan Skelton, Director of Research and Technical Activities for the Governmental Accounting Standards Board and Hillary Salo, Director of Technical Activities and Chair of the Emerging Issues Task Force for the Financial Accounting Standards Board.
PCAOB details priorities for audit inspections
June 23, 0023
The PCAOB released expanded details regarding its list of priorities for 2023 audit inspections, most notably risk of fraud, risk assessment and internal controls, and auditing and accounting risks.