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 | New Webinar: Automation as the Key to Improving Efficiency & Effectiveness of Audits:
On 9/25 @ 2-3pm ET, Donny Shimamoto, CPA.CITP & Clark Hudgins from Confirmation.com will discuss the results of a new white paper on how audit firms can improve realization rates & productivity by improving efficiency of the audit process via automation. > Register Now
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| A&A Report |  |  |
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- CAQ survey shows rebound in investors' faith in U.S. markets
Confidence of U.S. investors in the nation's capital markets has grown, but investors reported declining faith in markets outside the United States, according to a survey by the Center for Audit Quality, which is affiliated with the AICPA. Sixty-five percent of investors said they have confidence in U.S. markets, an increase of four percentage points over last year's figure. JournalofAccountancy.com
(9/19)     
- New Private Company Council priorities to include FIN 48
The standard on accounting for uncertainty in income taxes known as FIN 48 is among the first issues newly named Private Company Council Chair Billy Atkinson wants to review. Atkinson on Wednesday discussed FIN 48 and other priorities for the new 10-member council, which will propose modifications and exceptions to U.S. GAAP for private companies. JournalofAccountancy.com
(9/19)
- Aircraft lessors and financiers argue over depreciation period
Irish aircraft lessor Avolon said there is no reason to change the way the industry values assets for accounting purposes, after analyzing passenger jets in service. Financiers in the aircraft-leasing industry have been criticizing widely used methodology, calling for a 25-year depreciation period to be shortened. Reuters
(9/20)
- Comment deadline for GASB exposure draft nears
The deadline to submit written comments for the Governmental Accounting Standards Board exposure draft, Accounting and Financial Reporting for Nonexchange Financial Guarantee Transactions, is Sept. 28. The proposed draft would require a government guarantor to recognize a liability on its financial statements when it looks likely it will have to make a payment. AccountingWEB
(9/19)
| Tax Spotlight | | |
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| International View | | |
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- Economists expect BoE to ease monetary policy again
Economists predict more monetary easing by the Bank of England after minutes of a rate-setting meeting reveal that policymakers are leaning that way. U.K. inflation remains a worry, with the central bank noting that high energy, food and utility prices in the near term are barring interest rates from falling as much as projected. The Telegraph (London)
(9/19)
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| AICPA News | | |
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CGMA report: Poor talent management stifling innovation, capping financial growth
Four in 10 C-suite executives around the world say their companies are missing performance targets and growth opportunities because of ineffective talent management, according to a new report for CGMAs by the AICPA and CIMA. "Talent Pipeline Draining Growth: Connecting Human Capital to the Growth Agenda" shows a need for better information to ensure companies fully harness the skills of their people.
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PCPS members: Learn how to transition into the trusted business advisor role
How can you expand your service offerings and create a deeper and more profitable relationship with clients? A PCPS webinar, Transitioning into the Trusted Business Advisor Role, to be held 2 to 3:30 p.m. ET on Sept. 26, offers the insights CPAs need to take the initiative to become a strategic partner to their clients. This session will provide a process, practical guidance and supporting tools for successfully transitioning into this role and transforming the way you help your clients achieve success. This webinar is open to PCPS members only. Register today.
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Help us make CPA Letter Daily even more valuable
Please help us ensure CPA Letter Daily delivers the most important accounting, business and tax news each day. Only 5 minutes are needed to take our biannual reader survey. Let us know what you like the best and what we can change to enhance the newsletter's value to you. Thank you.
| SmartQuote | | |
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 | Cooperation is the thorough conviction that nobody can get there unless everybody gets there."
--Virginia Burden Tower,
American writer
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| About AICPA |
The American Institute of Certified Public Accountants is the world’s largest association representing
the accounting profession, with nearly 377,000 members in 128 countries and a 125 year heritage of serving the public interest. AICPA members represent
many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the
profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and
grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business
valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global
Management Accountant designation to elevate management accounting globally.
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| | Recent CPA Letter Daily Issues:
- Wednesday, September 19, 2012
- Tuesday, September 18, 2012
- Monday, September 17, 2012
- Friday, September 14, 2012
- Thursday, September 13, 2012
| | | Lead Editor: Tom Anderson
Contributing Editor: Erika Morphy
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