Excellence in financial writing awards named in New York

The New York Financial Writers Association and the New York State Society of Certified Professional Accountants announced Tuesday the winners of the Excellence in Financial Journalism Awards, with the winners including journalists from Bloomberg News, Forbes and Crain’s New York Business.

The winners received their awards at the Yale Club in Manhattan.

Here are some of the winners:

• Print-Accounting Magazine (over 1,500 words):

Randy Myers, CFO Magazine, “Taxed to the Max,” how U.S. corporate tax policy is hampering the global competitiveness of U.S. companies.

• Print-Business/Financial Magazine (under 1,500 words):

Aaron Elstein, Crain’s New York Business, “Companies Play Spin the Balance Sheet,” reveals ways public companies are “spinning” their disappointing financial results.

• Print-Business/Financial Magazine (over 1,500 words):

William P. Barrett, Janet Novack, Forbes, “Tax Snitches Are on the Loose,” shows the huge impact the federal 2006 whistleblower reward law is having—and is likely to have—on tax enforcement.

• Print-General Audience Series of Articles:

Kathy Chu, USA Today, “The Credit Trap,” a series of articles documenting how banks have used steep fees and questionable practices to profit off vulnerable consumers.

• Electronic Media – Business/Financial:

Jonathan Weil, Bloomberg News, “Numbers Tell the Story,” how banks used accounting tricks to mask their crippled state and how government agencies abetted financial industry abuses.

• Wire Service – Business/Financial:

AP Business News Staff, The Associated Press, “Meltdown Legacy,” a five week series of articles explaining the lasting impact of the financial crisis and great recession on businesses, governments and consumers.

See all of the winners here.