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January 3, 2013
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  Top Story 
New Audio Webcast: What Do Lawyers Really Say About FVS Experts? Join us on Jan. 7, 2013 at 1-2:40pm ET to hear a session from the AICPA Forensic & Valuation Services Conference. This informative session features a panel of experienced attorneys giving their perspectives and talking about their experiences working with financial experts. > Register Now
  Financial Focus 

  • Manufacturing expansion boosts U.S. economic outlook
    U.S. manufacturing activity shifted from moderate contraction in November to modest expansion in December, brightening the outlook for economic growth in 2013. An Institute for Supply Management index rose from a three-year low of 49.5 in November to 50.7 in December, on a scale in which anything higher than 50 indicates growth. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  • Finance executives in Canada anxious about U.S. economy
    More Canadian accounting executives are expressing optimism about the prospects of their own businesses, but that sentiment is weighed down by concern over the U.S. economic outlook. A recent survey shows that the U.S. economy is seen as the biggest challenge to Canada’s growth in the next 12 months. CGMA Magazine (12/31) LinkedInFacebookTwitterEmail this Story
  A&A Report 
  Market Update 
  • Stock market responds positively to "fiscal cliff" resolution
    The stock market rallied on news that Congress and the White House reached a resolution on the "fiscal cliff." The Dow Jones industrial average rose 2.4%, the S&P 500 increased 2.5%, and Nasdaq gained 3.1%. The rally ignored that spending cuts had been pushed off to March and another standoff, this time over the debt ceiling, is expected within weeks. CNNMoney (1/2) LinkedInFacebookTwitterEmail this Story
  • Agencies leave U.S. rating unchanged after budget deal: Major credit rating agencies are leaving the U.S. rating unchanged as they await the outcome of debate regarding raising the debt limit and an effort to reduce borrowing. Standard & Poor's, Moody's Investors Service and Fitch Ratings have warned that the U.S. faces a possible downgrade. S&P stripped the U.S. of its AAA rating after the last debt-ceiling fight in August 2011. CNNMoney (1/2) LinkedInFacebookTwitterEmail this Story
  International View 
  • Sweden wants traders to obey bond-reporting rules
    The Swedish Financial Supervisory Authority says it will start enforcing a requirement that traders report corporate-bond prices. The move is part of an effort to increase transparency in the growing market. Traders must report volume and prices -- highest, lowest and closing -- by 9 a.m. the day after trades are made. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  Emerging Technology 
  Here & There 
  AICPA News 
  • Find out what lawyers really say about FVS experts
    What Do Lawyers Really Say About FVS Experts? will be held 1 to 2:40 p.m. ET on Jan. 7. This webcast features a panel of experienced attorneys who will give their perspectives and share their experience working with financial forensic experts. Register today. LinkedInFacebookTwitterEmail this Story

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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, 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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