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CPA Journal: "Audits at the Crossroads"

02/24/2015

CPA Journal: "Audits at the Crossroads"

On January 12, 2015, The CPA Journal sponsored a symposium featuring three of the profession’s foremost thought leaders, who discussed the state of the auditing profession— specifically, the rationale behind the PCAOB’s current initiatives, recent PCAOB inspection and peer review findings, and developments in financial reporting and auditor communications. The panelists were Gregory J. Jonas, director of the Office of Research & Analysis at the PCAOB; Rita Piazza, a director in the Professional Practice Group at Marks Paneth LLP; and Cynthia M. Fornelli, executive director for the Center for Audit Quality (CAQ). The panel was moderated by Leslie F. Seidman, executive director of the Center for Excellence in Financial Reporting at the Lubin School of Business at Pace University and former chair of FASB.

Read more: http://viewer.zmags.com/publication/f1f0b5ef#/f1f0b5ef/22

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Agence France-Presse: "Stolen SIM card keys could be powerful spy tool"

02/24/2015

Agence France-Presse: "Stolen SIM card keys could be powerful spy tool"

. . . the report leaves many questions unanswered, and some experts were cautious about jumping to conclusions about the documents.

"One of the reasons I'm skeptical is that different governments have been using other methods to grab communications and wireless data which are unsecured to begin with," said Darren Hayes, director of cybersecurity at Pace University's School of Computer Science and Information Systems.

"I'm not sure that the US or UK governments would use hackers in the same way that the Chinese or Russians are doing."

Read more: http://www.businessinsider.com/afp-stolen-sim-card-keys-could-be-powerful-spy-tool-2015-2#ixzz3SfhIaafO

 

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Homeland Security Today: "Months Later, Hackers Still Inside State Department’s Network"

02/24/2015

Homeland Security Today: "Months Later, Hackers Still Inside State Department’s Network"

. . . “Given the size and complexity of the State Department, the task at hand becomes even more challenging,” said Darren Hayes, a leading expert in computer forensics and security who has been a consultant on legal cases involving digital evidence. Hayes is assistant professor and director of cybersecurity at Pace University’s Seidenberg School of Computer Science and Information Systems in New York.

“Many successful breaches today are initiated by an employee clicking on a link in an email. Think about how difficult it must be to prevent employees doing this in an organization with thousands of workers,” Hayes said, adding, “The use of unofficial hacker groups by the Russian government is nothing new, and cyber warfare is often the weapon of choice. It is perhaps no coincidence that this breach occurred when US-Russian relations are at an all-time low with broader sanctions looming.”

“When an organization is hacked -- especially by a more sophisticated state-sponsored group -- it is problematic to determine when their network was breached and the scope of that breach. Moreover, it may take months for an organization to purge themselves of that compromise,” Hayes explained.

Read more: http://www.hstoday.us/briefings/daily-news-analysis/single-article/months-later-hackers-still-inside-state-departments-network/0de8002346bb5d66d19d1fb37edf7e3b.html

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Miami Herald: "One month after mysterious death of Argentine prosecutor, demonstrators demand answers"

02/20/2015

Miami Herald: "One month after mysterious death of Argentine prosecutor, demonstrators demand answers"

. . . Most analysts believe that the slow gears of justice won’t catch Fernández before she leaves office, but having the scandal hovering over the presidential race will drag down her party, said Daniel Greenberg, the Director of Latin America Studies at PACE University in New York. That may tempt some in her movement to throw her under the bus and expedite her exit from office, he said.

“I think the reason is because Argentina’s world reputation is very much at play here,” he said. “There are bigger things involved than the right to continue in office until the end of her term.”

Read more: http://www.miamiherald.com/news/nation-world/world/americas/article10636985.html

 

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InsideCounsel: "White House suffers setback on immigration plan after ruling by Texas judge"

02/19/2015

InsideCounsel: "White House suffers setback on immigration plan after ruling by Texas judge"

. . . “I would imagine that comparatively few professional corporate personnel would be directly affected by the temporary injunction delaying the President’s most high-profile deferral of prosecution programs – DAPA [Deferred Action for Parental Accountability] and expanded DACA [Deferred Action for Childhood Arrivals],” Vanessa Merton, who directs the Immigration Justice Clinic at Pace University School of Law, added in a statement to InsideCounsel.

Read more: http://www.insidecounsel.com/2015/02/18/white-house-suffers-setback-on-immigration-plan-af

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Crain's New York Business: "Preparing for the return of the dealmakers"

02/19/2015

Crain's New York Business: "Preparing for the return of the dealmakers"

. . . "The recovery of M&A is important to the city. It's usually accompanied by a rising stock market and improving economy," said Bruce Bachenheimer, a professor of management with the Lubin School of Business at Pace University. "When the bankers make this kind of money, a lot of it gets recycled into the New York City economy."

Read more: http://www.crainsnewyork.com/article/20150217/FINANCE/302159998/bankers-lawyers-ready-for-the-return-of-the-dealmakers

 

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Computerworld: "DHS cybersecurity staff won’t get paid during shutdown"

02/18/2015

Computerworld: "DHS cybersecurity staff won’t get paid during shutdown"

. . . "I think it's pretty alarming," said Darren Hayes, director of cybersecurity at Pace University's Seidenberg School of Computer Science and Information Systems."The biggest threats are cyber threats today."

The government shut down from Oct. 1-16, 2013 after Congress reached a budget impasse. Many government employees, however, worked without pay during that period.

Something to consider is the "unquantifiable psychological impact" that has on employees, said Hayes.

We need to keep people "motivated and passionate about what they do," said Hayes, "and any kind of sequester is going to have a negative impact into how much effort is put into protecting this country from a cyber-perspective,."

One area that may be particularly hard hit is the U.S. Secret Service, which is key in tracking a lot of financial fraud that occurs. "So having any cutback there will cause, perhaps, businesses to lose money," said Hayes.

Read more: http://www.computerworld.com/article/2885452/dhs-cybersecurity-staff-wont-get-paid-during-shutdown.html

 

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Playbill: "Recapping Last Night's Parade: 'One of the High Points of My Entire Existence,' Says Jason Robert Brown"

02/18/2015

Playbill: "Recapping Last Night's Parade: 'One of the High Points of My Entire Existence,' Says Jason Robert Brown"

. . . Charlie Franklin, a recent graduate of the city's Pace University (who obtained his degree three days after closing his Broadway debut in Brown's Bridges of Madison County), took the stage solo as the Young Soldier transporting audiences to 1913 Atlanta, GA. The newcomer — riding high since graduation, having been cast in The Book of Mormon following Bridges — is, easily, one of the best undiscovered voices in musical theatre.

Read more: http://www.playbill.com/news/article/recapping-last-nights-parade-one-of...

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The Hill's Congress Blog: "Obama's international tax reform proposals provide a balanced approach to the lock-out problem"

02/17/2015

The Hill's Congress Blog: "Obama's international tax reform proposals provide a balanced approach to the lock-out problem"

The Obama administration has proposed a balanced solution that fairly addresses the problems of overseas cash trapped abroad, good jobs and income leaving the United States and an unreasonably high current corporate federal income tax rate, writes Philip G. Cohen, associate professor of Taxation at Pace University Lubin School of Business and a retired vice president and general tax counsel at Unilever United States, Inc.

Read more: http://thehill.com/blogs/congress-blog/economy-budget/232658-obamas-international-tax-reform-proposals-provide-a

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Monster: "Conduct your Next Interview as if it were the First"

02/12/2015

Monster: "Conduct your Next Interview as if it were the First"

Your small business has achieved the revenue level where you can and must hire your next employee. Candidates are coming this afternoon for the interview. Are you ready to make one of the most important decisions of the year?

Here’s what you do: look around your business, review your interview questions and make sure your new hire provides a worthy return on investment -- just like your first hire did.

Devote sufficient time to conduct -- and prepare for -- interviews. You know from experience (perhaps both positive and negative) that hiring decisions are among the most significant that you make. So allocate proportionate time to the process, especially for interviewing.

"It’s important to slow down," says Bruce Bachenheimer, professor of management at Pace University. "Small business owners are typically dealing with a myriad of critical issues and many are in a rush to hire." Consider using an interview guide for better hiring.

Read more: http://hiring.monster.com/hr/hr-best-practices/small-business/conducting-an-interview/your-next-hire.aspx

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