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November 28, 2012
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  Top Stories 
  • 4 steps organizations can take to strengthen information security
    A "staggering" acceleration of change and complexity in technology and cyberthreats has organizations failing to keep pace in the information-security race, Ernst & Young reports in its annual Global Information Security Survey. What can organizations do to bring information security up to speed? Ernst & Young recommends a four-step approach. CGMA Magazine (11/21) LinkedInFacebookTwitterEmail this Story
  Africa 
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  Americas 
  • Ontario accounting body joins national merger initiative
    Certified Management Accountants of Ontario has joined discussions on streamlining accounting designations in Canada by unifying the profession under the Chartered Professional Accountant designation. CMA Ontario previously was a holdout in talks to combine chartered accountants and management accountants. The Globe and Mail (Toronto) (tiered subscription model) (11/19) LinkedInFacebookTwitterEmail this Story
  • Argentina will appeal order to pay bondholders $1.33B
    Economy Minister Hernan Lorenzino says Argentina will appeal an order by U.S. District Judge Thomas Griesa to pay $1.33 billion to bondholders who refused to go along with an exchange of defaulted debt in 2005 and 2010. Lorenzino says a challenge will be presented to the 2nd U.S. Circuit Court of Appeals. Reuters (11/23), Financial Times (tiered subscription model) (11/22) LinkedInFacebookTwitterEmail this Story
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  Asia 
  • Survey: Singapore is favored spot for regional headquarters
    Singapore is becoming a more competitive locale for a regional headquarters over Hong Kong, according to CPA Australia's Hong Kong Tax Survey. Singapore's flexible taxation policy and higher rent in Hong Kong are among reasons Hong Kong is losing its edge. Nearly 60% of survey respondents prefer Singapore. China Daily (Beijing) (11/14) LinkedInFacebookTwitterEmail this Story
  • Japanese central bank fends off calls for stimulus
    The Bank of Japan declined to increase economic stimulus, despite demands from Liberal Democratic Party leader Shinzo Abe, who is running for prime minister. The central bank also dismissed proposals from Abe that would curtail its independence. "Central bank independence is a system created upon bitter lessons learned from the long economic and financial history in Japan and overseas countries," Governor Masaaki Shirakawa said. Reuters (11/20) LinkedInFacebookTwitterEmail this Story
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  Australia 
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  Europe 
  • Olam sues critic of accounting methods
    Commodity trader Olam International is suing short seller Carson Block and his company, Muddy Waters Research, for questioning its accounting methods. Olam reportedly uses an aggressive reporting approach for biological assets. Bloomberg (11/26) LinkedInFacebookTwitterEmail this Story
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  Poll 
  • What's your biggest professional challenge?
Recruiting the right talent
Selecting the right technology
Picking the right overseas market in which to do business
Dealing with fallout from the eurozone crisis
Managing competition from emerging markets

  AICPA News 
  • Changes coming to U.S. GAAP
    Whether International Financial Reporting Standards become the basis for U.S. accounting standards, convergence projects and efforts focused on private-company accounting will affect activities well beyond financial reporting. The webcast "Convergence: Changes Coming to U.S. GAAP" focuses on how convergence with IFRS will affect private-company accounting. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
What we see depends mainly on what we look for."
--John Lubbock,
British banker, politician, naturalist and archaeologist


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    The American Institute of Certified Public Accountants is the world's largest association representing the accounting profession, with nearly 386,000 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, nonprofit 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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