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August 22, 2012
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  Top Story 
  • Most Americans think economy is getting worse, poll finds
    About 60% of Americans participating in a Gallup poll last week said the nation's economy is getting worse, while 35% said it is improving. The likelihood of responses that the economy is going downhill has increased in each week since January 2008, when tracking of the confidence level began, Gallup said. 24/7 Wall St. (8/21) LinkedInFacebookTwitterEmail this Story
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  Financial Focus 
New 4th edition: Understanding Business Valuation
From business valuation basics to practical applications and theory, author Gary Trugman’s Understanding Business Valuation: A Practical Guide to Valuing Small to Medium Sized Businesses simplifies a complex area of practice with real-world experience and examples. > Order Now
  A&A Report 
  • Pension funds unlikely to shift away from bond focus
    Bonds have become the favored investment in corporate pension funds of S&P 500 companies, according to a report by Deutsche Bank. Most pension plans are not likely to emphasize equity again even if they want to improve returns in part because many pensions have been closed to new workers and the need to fund longer life and investment horizons is diminished. The Wall Street Journal/CFO Journal (tiered subscription model) (8/21) LinkedInFacebookTwitterEmail this Story
  Tax Spotlight 
  • Other News
  Market Update 
  Policy & Regulatory 
  • Veteran prosecutor will head Treasury's financial-crime unit
    The Treasury Department appointed Justice Department prosecutor Jennifer Shasky Calvery to head the Financial Crimes Enforcement Network, commonly known as FinCEN. Shasky Calvery, head of the Justice Department's section for asset forfeiture and money laundering, will begin her Treasury role in September. Reuters (8/20) LinkedInFacebookTwitterEmail this Story
  • Investors face scam risk in crowdfunding, group says
    Crowdfunding has become the greatest risk of investors being cheated out of their money, the North American Securities Administrators Association said. Because crowdfunding -- businesses raising capital online -- is relatively new, scams are only beginning to get off the ground, the group said. Reuters (8/21) LinkedInFacebookTwitterEmail this Story
  International View 
  • European markets have high expectations for ECB action
    Markets across Europe are expecting significant movement by the European Central Bank on struggling nations' sovereign bonds. Yields have been falling on government bonds from Portugal, Spain and Italy, even as the ECB tries to manage expectations, particularly those raised by recent statements from President Mario Draghi. The Wall Street Journal (8/21) LinkedInFacebookTwitterEmail this Story
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  Leadership & Trends 
  • Becoming a thought leader can super-charge your practice
    Super-charging an accounting practice means being able to bring in high-quality, well-paying new clients on a regular basis. The problem is most accountants are chasing the same type of client. To effectively compete, you have to make you and your practice stand out, write Bruce H. Rogers and Russ Alan Prince. One way to do that is becoming a thought leader in your field or specialty. Forbes (8/21) LinkedInFacebookTwitterEmail this Story
  AICPA News 
  • Register today: Help your clients take advantage of financial planning opportunities now
    With so many political, economic and financial unknowns in 2013 compounded by an election year, your clients need to take advantage of many financial planning avenues now to avoid missing crucial opportunities to protect their nest egg and increase their net worth. Steven Siegel, JD, LLM, from 1 to 2:45 p.m. ET on Aug. 29, will dive deeper into a few essential financial, estate and tax planning strategies that should be considered in 2012, specifically as it relates to gifts, GRATs and defective trusts. This webinar is free for PFP Section members, inclusive of PFS credential holders and Tax Section members without CPE or discounted CPE for purchase. This webinar is available for purchase to all. Register now. LinkedInFacebookTwitterEmail this Story

  • Learn what PCPS membership can offer you and your firm
    Have you had a chance to peruse the PCPS Human Capital Center yet? If not, or if you simply want to learn more about PCPS resources available to help you attract and retain top-quality talent, join the AICPA's PCPS team 2 to 3:30 p.m. ET on Aug. 29 for Human Capital Center Review. This webinar will highlight major PCPS Human Capital resources, as well as some timely new additions for members. Register now. 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 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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