The New York State Society of Certified Public Accountants

What it reported doing in 2024

The cpa journalthe cpa journal, the voice of the profession, is nycpa's flagship publication. It is published bimonthly, and technical articles go through a double-blind peer review process. The cpa journal provides insight and analysis on a wide array of topics relevant to cpas and other accounting and finance professionals. This year marked the 95th year of continuous publication. Over the past year, the journal has covered how the government transition has impacted federal regulation and enforcement, as well as how changing state licensure requirements and evolving educational models have affected the pipeline to the profession. Our annual education issue again featured authors debating whether the 150-hour requirement has become a barrier to entry, how the pipeline to the profession could be expanded, and whether achieving the stem designation could boost interest in accounting. While the discussion continued in the pages of the journal, real change happened in state legislatures across the country including New York, which ultimately enacted alternative pathway legislation in november 2025 (in no small part due to the nycpa's advocacy efforts). Emerging technologies continue to shape the business environment and practice of accounting: sec disclosure requirements and professional guidance regarding the accounting for and auditing of cyber assets (such as cryptocurrencies and nonfungible tokens) were the subject of several articles in the past year. The use of artificial intelligence (ai) in data analytics, financial reporting, and analysis not to mention customer service, marketing, and training were tackled by several journal authors. Cpa firms are perennially looking for new ways to attract and retain talent, and the journal spotlighted alternative approaches to these challenges, such as recruiting from traditionally underrepresented groups and recruiting international candidates. A few authors also put forth the idea of implementing value pricing or paying overtime to staff as means of promoting services to clients and reducing staff turnover. Other featured articles throughout the year covered current topics in management accounting, not-for-profit management, internal controls, and esg engagements. In the may/june 2025 issue, the journal introduced a new column, corporate governance corner, authored by a group of experts in the field. It also continued to include regular columns covering tax practice, retirement planning, sustainability, cybersecurity, and other topics, as well as occasional opinion articles and personal viewpoints. In addition to the print edition delivered to members and subscribers, the cpa journal is available online at cpajournal.com. With new articles posted every weekday, the website drew more than 1.1 million visitors over the course of the fiscal year and nearly 100,000 views per month, making it a leading destination for accounting professionals, financial leaders, academic researchers, and students around the globe.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -7.4%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 2.34; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.56; rating input score 18; 18th percentile among comparable filings
• Officer compensation ratio: 16%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: -1% per year; rating input score 0; 9th percentile among comparable filings
• Asset growth: 5.3% per year; rating input score 100; 36th percentile among comparable filings