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June 30, 2011
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American Institute of CPAsCPA Letter Daily / The News Source CPAs Count On
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  Top Story 
  • Rating agencies warn about downgrades if U.S. defaults
    Moody's Investors Service said that if Congress does not raise the government's debt ceiling and the U.S. defaults, it probably would the lower the country's credit rating to the Aa range. Moody's also warned that some municipal ratings could be vulnerable. Standard & Poor's said a default would cut the U.S. credit rating to D. Bloomberg (6/30) LinkedInFacebookTwitterEmail this Story
Users’ Conference 2011: San Diego
Registration is open for the 31st Annual Thomson Reuters Users’ Conference! Join us at the Hilton San Diego Bayfront for more than 80 workshops and keynotes where you can earn up to 20 CPEs, plus enjoy unmatched networking opportunities in beautiful San Diego, CA.
 Register now & save.
  Financial Focus 
  • IMF sees slow growth for U.S. through end of 2012
    The U.S. economy will continue to grow slowly at least through the end of next year, the International Monetary Fund said. Gross domestic product is expected to increase 2.5% this year and 2.75% in 2012, the fund said. The U.S. should consider a national value-added tax to help narrow its budget deficit, the IMF said. MarketWatch (6/29) LinkedInFacebookTwitterEmail this Story
  • Compromise clears way for action on 3 free-trade deals
    Congressional negotiators and the Obama administration said they reached a compromise that allows final action on long-stalled free-trade agreements with Colombia, Panama and South Korea. However, some Republicans said they oppose pairing the trade pacts with a bill that would fund retraining for Americans whose jobs were outsourced overseas. The Washington Post (6/28) LinkedInFacebookTwitterEmail this Story
AICPA Controllers Workshop West
July 28-29, 2011, Las Vegas: Developed by controllers for controllers, this must-attend workshop features leading experts who’ll share their knowledge and expertise. You’ll walk away with powerful solutions you can apply immediately to meet your company’s strategic objectives now and in the future. > Register Now
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  AICPA News 
  • Working draft of guide to property and liability insurance entities released for comment
    The Financial Reporting Executive Committee of the AICPA has issued a working draft of the accounting content of a proposed “Audit and Accounting Guide: Property and Liability Insurance Entities.” This proposed guide addresses many new accounting issues that have emerged over the years and includes guidance dedicated specifically to property and liability insurance entities. The AICPA invites comments on all matters in the proposed guide. Comments on the working draft should be sent via email to by August 26, 2011. LinkedInFacebookTwitterEmail this Story
  • Register today: Controllers Conference offers solutions to today's demands
    Despite small signs of an economic recovery, controllers continue to face increased scrutiny and pressures, and must remain updated on the latest techniques and career skills in order to remain successful in navigating their companies toward the future. The AICPA Controllers Workshop, to be held July 28-29 in Las Vegas and November 10-11 in Orlando, helps controllers tackle the many complex aspects of the job by providing professional development, technical knowledge, new ideas and innovative solutions from top industry experts. Register now for Controllers West and Controllers East. LinkedInFacebookTwitterEmail this Story
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The American Institute of Certified Public Accountants, founded in 1887, is the world's largest organization representing the accounting profession, with nearly 370,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates. 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.

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