Articles

Given the cyber misconduct reported for September alone we need to plan and devise ways to protect our cyber privacy and not wait to be victimized. 

As the cybersecurity threat continues to escalate, New York has joined the expanding list of states and countries to impose obligations on businesses to protect private information.

The Auditing Standards Board (ASB) last year released Statement on Auditing Standards (SAS) No. 133, Auditor Involvement with Exempt Offering Documents. This SAS addresses the auditor’s responsibilities when the auditor’s report on the financial statements is included, or incorporated by reference, in an exempt offering document, such as for municipal bond offerings, AND the auditor is considered “involved” in such exempt offering document.

The Tax Cuts and Jobs Act (TCJA) made several changes to the tax laws affecting tax exempt organizations, including the reporting and taxation of unrelated business taxable income (UBTI).

The hopes of foundation managers for tax reform of the net investment income excise tax were again dashed when Congress late last year failed to enact the proposed simplification of the excise tax to a flat tax of 1.4%

Not-for-profit organizations with calendar year-ends are required to implement the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities for the year ended December 31, 2018.

Blockchain is an emerging technology that could revolutionize business.

Welcome again to the month’s multifaceted world of cyber criminality. Precipitated by spoofing, spamming, sniffing, sandboxing, phishing, spyware, ransomware, adware, etc., the results are an almost infinite number and variety of cyber crime.