New York State Society Of Cpas

TO CULTIVATE, PROMOTE, AND DISSEMINATE KNOWLEDGE AND INFORMATION CONCERNING CERTIFIED PUBLIC ACCOUNTANTS.

MEMBERSHIP SERVICESTHE NYSSCPA LAUNCHED ITS UPDATED STRATEGIC PLAN CHANNELING ITS ACTIVITIES TO FIVE CORE GOALS INCLUDING: (1) PROFESSIONAL EXCELLENCE AND INTEGRITY; (2) ADVOCACY; (3) MEMBERSHIP GROWTH AND DEVELOPMENT; (4) PUBLIC AWARENESS; AND (5) PROACTIVE TRANSFORMATION.NYSSCPA PRODUCED 22 COMMENT LETTERS DURING THE 2021-2022 FISCAL YEAR THAT WERE SENT TO REGULATORS SUCH AS THE NEW YORK STATE DEPARTMENT OF HEALTH (DOH), NEW YORK STATE BOARD OF PUBLIC ACCOUNTANCY (NYSBPA), AMERICAN INSTITUTE OF CPAS (AICPA), FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD (IAASB), INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION (IFRS) FINANCIAL CRIMES ENFORCEMENT NETWORK AGENCY (FINCEN), SECURITIES AND EXCHANGE COMMISSION (SEC), AND STATE AND FEDERAL LAWMAKERS. ANALYSIS AND COMMENTARY WAS DRIVEN BY THE WORK OF THE SOCIETY'S TECHNICAL COMMITTEES. THESE MORE THAN 50 COMMITTEES MET, COLLECTIVELY, MORE THAN 400 TIMES IN THE 2021-2022 FISCAL YEAR AND PRODUCED NEARLY 20 FULL-DAY CONFERENCES AS PART OF THEIR ANNUAL ACTIVITIES, INCLUDING THE 43RD ANNIVERSARY EDITION OF THE ANNUAL NOT-FOR-PROFIT CONFERENCE. NYSSCPA COMMITTEES ALSO PROVIDE A FORUM FOR HIGH-LEVEL TECHNICAL DISCUSSION AND PROFESSIONAL RESOURCES, SKILL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR THE MEMBERSHIP AS WELL AS FOR EXTERNAL AUDIENCES.ADVOCACY PLAYED A BIG ROLE IN THE 2021-2022 FISCAL YEAR FOR THE NYSSCPA. THE NYSSCPA MODIFIED ITS ANNUAL LEGISLATIVE AGENDA TO CONTINUE ITS WORK IN STRENGTHENING THE PROFESSION AND PROTECTING THE PUBLIC THAT CPAS ARE LICENSED TO SERVE. WE CONTINUED ADVOCATING AGAINST THE LANGUAGE IN THE FALSE CLAIMS ACT (FCA), WHICH WAS HALTED IN THE ASSEMBLY AND AT THE EXECUTIVE LEVEL WITH THE GOVERNOR, MAINLY DUE TO OUR EFFORTS. WE WERE ALSO PRODIGIOUS IN ENSURING NEW YORK STATE EXTENDED TAX DEADLINES BY RECOUPLING WITH THE INTERNAL REVENUE SERVICE (IRS). IN ORDER TO MAINTAIN OUR ALREADY ESTABLISHED RELATIONSHIPS AND CREATE NEWS ONES WITH LEGISLATORS, WE HOST A SERIES OF LOCAL LEGISLATIVE BREAKFASTS ACROSS NEW YORK STATE TO BRING TOGETHER LEGISLATORS WITH THEIR CPA CONSTITUENTS. WE ALSO WELCOMED THE NEW YORK STATE COMPTROLLER, THOMAS P. DINAPOLI TO JOIN US AS OUR KEYNOTE SPEAKER AT OUR 125TH ANNIVERSARY CELEBRATION. IN LIGHT OF PRESSING CONCERNS SURROUNDING THE AFTERMATH OF COVID-19, NATURAL DISASTERS, AND A CPA SHORTAGE, THE NYSSCPA HAS CONTINUED TO LOBBY FOR SMART, FORWARD-THINKING LEGISLATION THAT WOULD EASE THE BURDEN FOR TAXPAYERS AND PREPARERS. FOR EXAMPLE, THE NYSSCPA HAS LOBBIED FOR AN EXTENSION TO THE E-SIGNATURE BILL THAT WOULD ALLOW E-SIGNATURE THROUGH A POWER OF ATTORNEY, LEGISLATION THAT WOULD ALLOW NON-CPAS OWNERSHIP STAKES IN CPA FIRMS AND COMPANIES, AND LEGISLATION THAT WOULD ENSURE FINANCIAL LITERACY IS TAUGHT IN NEW YORK STATE'S PUBLIC HIGH SCHOOLS. TO HELP NYSSCPA MEMBERS STAY ABREAST OF ACTIVE LEGISLATIVE EFFORTS, THE NYSSCPA CREATED THE LEGISLATIVE UPDATE. THE LEGISLATIVE UPDATE IS A MONTHLY DIGITAL NEWSLETTER TAKING AN IN-DEPTH LOOK INTO THE NYSSCPA'S ADVOCACY EFFORTS, HOW THEY ARE WORKING ON BEHALF OF MEMBERS, LEGISLATIVE VICTORIES, SPOTLIGHTS ON THE LEGISLATIVE AGENDA, NEWS ARTICLES, NYSSCPA COMMENT LETTERS AND MORE. DURING THE 2021-2022 FISCAL YEAR, THE SOCIETY SUCCESSFULLY RECRUITED AND ADMITTED 1,319 NEW MEMBERS. THE CURRENT MEMBERSHIP IS 19,591 (FIGURES BASED ON MARCH 7, 2023 MEMBERSHIP REPORT). CAMPAIGNS TO INCREASE MEMBERSHIP THIS YEAR INCLUDED CONTINUATION OF THE NEXTGEN PROGRAM, WHICH INCLUDED RECRUITMENT AND RETENTION INITIATIVES AIMED AT FINANCIAL AND ACCOUNTING PROFESSIONALS 40 AND UNDER. ONE OF THE PROGRAMS TO SUPPORT THIS INITIATIVE WAS THE LEADERSHIP INSTITUTE. THIS PROGRAM IDENTIFIED PROMISING YOUNG LEADERS, ALLOWED THEM TO ATTEND A FORMAL LEADERSHIP DEVELOPMENT PROGRAM, AND HELPED GROOM THEM AS POTENTIAL FUTURE LEADERS.THE PROGRAM ALSO INCLUDED INDIVIDUAL COACHING SESSIONS FOR EACH OF THE PARTICIPANTS, AS WELL AS ACTION PLAN TEMPLATES TO INCREASE LEADERSHIP WITHIN THE SOCIETY AND ALSO IN THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT. ADDITIONALLY, THE SOCIETY CONTINUED ITS EMERGING LEADERS (FORMERLY FORTY UNDER 40) AWARDS PROGRAM TO RECOGNIZE MEMBERS UNDER 40 THAT MADE A SIGNIFICANT IMPACT IN THEIR BUSINESS AND COMMUNITY. OTHER AREAS OF MEMBERSHIP DEVELOPMENT INCLUDED OUTREACH TO NONMEMBER EDUCATIONAL (FAE) ATTENDEES, THE MEMBER GET A MEMBER CAMPAIGN, AND VARIOUS OTHER OUTREACH INITIATIVES TO PROSPECT SEGMENTS. THE SOCIETY ALSO HOSTED ITS ANNUAL ACCOUNTING CAREER FAIR IN SEPTEMBER 2021, WHICH ATTRACTED COLLEGE STUDENTS AND THOSE EARLY IN THEIR CAREER FROM PREDOMINATELY THE BOROUGHS.THE NYSSCPA CONCLUDED THE FISCAL YEAR ON A HIGH NOTE CELEBRATING 125 YEARS AS A STATE SOCIETY AT A GALA EVENT IN APRIL 2022, FOLLOWED BY ITS ANNUAL MEETING IN MAY.

NYSSCPA CHAPTERSEACH YEAR, THE NYSSCPA OFFICERS AND CEO VISIT EACH OF THE SOCIETY'S 15 CHAPTERS TO PROVIDE AN UPDATE TO MEMBERS ABOUT THE SOCIETY'S ACTIVITIES AND COLLECT FEEDBACK REGARDING THE SOCIETY'S PRIORITIES, PROGRAMS AND VALUE TO MEMBERS. ADDITIONALLY, EACH CHAPTER HOSTED AN ORGANIZATIONAL MEETING DURING THE MONTH OF JUNE 2021 TO PROVIDE AN OPPORTUNITY FOR THE MEMBERSHIP TEAM TO KEEP A PULSE ON SUCCESSES AND CHALLENGES FROM A CHAPTER OPERATIONS PERSPECTIVE. MULTIPLE CHAPTERS COLLABORATED AND HELD JOINT VIRTUAL TOWN HALL/PIUS, AND CPA ETHICS UPDATE MEETINGS. DURING THE 2021-2022 FISCAL YEAR, NYSSCPA CHAPTERS COLLECTIVELY SPONSORED MORE THAN 79 CPE PROGRAMS. THEY ALSO PRODUCED APPROXIMATELY 93 NON-CPE PROGRAMS (INCLUDING 75 CHAPTER BOARD MEETINGS), RANGING FROM GOLF OUTINGS AND NETWORKING FOR YOUNG PROFESSIONALS, TO COMMUNITY SERVICE AND COLLEGE OUTREACH EVENT.

THE CPA JOURNALTHE CPA JOURNAL, THE NYSSCPA'S FLAGSHIP PUBLICATION, IS AN INTERNATIONALLY RECOGNIZED BI-MONTHLY, DOUBLE-BLIND PEER-REVIEWED JOURNAL.THE CPA JOURNAL, THE VOICE OF THE PROFESSION, FOCUSES ON THE INFORMATION AND TECHNICAL NEEDS OF CPAS AND OTHER ACCOUNTING AND FINANCE PROFESSIONALS. THIS YEAR MARKED THE JOURNAL'S 91ST YEAR OF CONTINUOUS PUBLICATION IN A PERIOD OF EXTRAORDINARY CHALLENGE FOR THE PROFESSION.THE JOURNAL RESPONDED QUICKLY TO THE CHALLENGES FACING PRACTITIONERS DURING COVID BY PROVIDING PRACTICAL AND ACTIONABLE GUIDANCE ON THE IMPACT OF THE PANDEMIC ON THE PROFESSION. ARTICLES INCLUDED, HOW TO EFFECTIVELY MANAGE A REMOTE WORK FORCE, HOW TO APPLY ADVANCED CYBERSECURITY TECHNIQUES TO INSURE FINANCIAL INTEGRITY AND SECURITY. ADDITIONAL ARTICLES FOCUSED ON HOW TO APPLY ROBOTIC PROCESS AUTOMATION, DATA ANALYTICS AND AI IN ACCOUNTING, AUDITING, AND FINANCIAL REPORTING.OVER THE PAST FEW YEARS IN ADDITION TO THE PANDEMIC, A SERIES OF SIGNIFICANT EVENTS OUTSIDE OF THE PROFESSION INFORMED A NUMBER OF ARTICLES ON, DIVERSITY, EQUITY, AND INCLUSION (DEI). ARTICLES FOCUSED ON THE BENEFITS TO FIRMS AND THE PUBLIC OF A MORE DIVERSE AND INCLUSIVE PROFESSION. THE CPA JOURNAL ALSO PUBLISHED ARTICLES ON HOW TO HAVE A CONVERSATION ABOUT RACE AND RACISM WITHIN ACCOUNTING FIRMS AND HOW TO RECRUIT AND RETAIN A DIVERSE WORKFORCE. IN ADDITION, FOR THE FIRST TIME, CPA JOURNAL FEATURED AN ARTICLE WRITTEN BY LEADERS OF THE CHINESE AMERICAN SOCIETY OF CPAS ON DIVERSITY AND INCLUSION WITHIN THE CPA PROFESSION. THE QUALITY OF THE JOURNAL'S CONTENT WAS RECOGNIZED BY FOLIO, PLACING AS A FINALIST IN FOUR CATEGORIES OVER THE PAST FEW YEARS AT THE MAGAZINE'S EDDIE & OZZIE AWARDS AND IN FIVE CATEGORIES AT THE FOLIO MAGAZINE AWARDS CONFERENCE. IN ADDITION, OUR OPEN ACCESS WEBSITE, CPAJOURNAL.COM, CONTINUED TO GROW. WITH WEEKLY RELEASES, OUR MONTHLY VIEWERSHIP HAS RISEN TO OVER 160,000 UNIQUE VISITORS AND OVER 400,000 MONTHLY PAGE VIEWS, MAKING CPAJOURNAL.COM AMONG THE TOP LEADING ONLINE TECHNICAL PUBLICATIONS ON THE INTERNATIONAL ACCOUNTING LANDSCAPE. THE SITE ALSO SAW THE ADDITION OF NEW EPISODES IN THE "VOICE OF THE PROFESSION" VIDEO SERIES, ALSO AN AWARD FINALIST, COMPRISING INTERVIEWS WITH GLOBAL AND LOCAL THOUGHT LEADERS.