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January 2, 2013
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  Top Story 
AICPA Holiday Sale Ends Today!
Save 20% on orders of $150+ on CPE, publications & webcasts; save 5% on select conferences. To get discount, enter code WINTER12 at checkout. Ends 11:59pm ET 1/2/13. Discount good for multiple purchases. Cannot be combined with other offers or applied to prior purchases/registrations or group registrations. > > Shop Now
  Financial Focus 
  A&A Report 
  • European Commission will review IFRS rules
    European Commissioner Michel Barnier has sanctioned a review of International Financial Reporting Standards in response to complaints that the accounting rules are harmful to shareholders and are destabilizing banks because of the particular way the U.K. has adopted them. Chief among these complaints is the accusation that the standards lead to imprudent distributions and overstated profits. The Telegraph (London) (tiered subscription model) (1/2) LinkedInFacebookTwitterEmail this Story

  Tax Spotlight 
  Advisory Services 

  Policy & Regulatory 
  • Agencies push harder to make settlements punitive for companies
    Federal agencies are pushing harder to prevent companies from writing off payouts they make under settlements reached with the government, according to a study by U.S. Public Interest Research Group. Agencies are spelling out in the settlement agreements that the monetary figure a company will pay is to be regarded as punitive, in which case it cannot be written off. The Washington Post (12/31) LinkedInFacebookTwitterEmail this Story
  International View 
  • Major economies have less debt to refinance this year
    The Group of Seven nations, combined with Brazil, India, China and Russia, will have $220 billion less debt that requires refinancing in 2013. The decrease comes as bond markets rally in all major economies for the first time since 2008. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  Here & There 
  • Minimum wage rises in 10 states
    The minimum wage has risen in 10 states for 2013. This year some 40 states are expected to look at raising their minimum wage, according to the National Federation of Independent Business. National Public Radio (1/1) LinkedInFacebookTwitterEmail this Story
  AICPA News 
  • Learn how to leverage LinkedIn to advance business goals
    The webcast, Leveraging LinkedIn to Advance Business Goals, will be held 3 to 4:30 p.m. ET on Jan. 8. Barry MacQuarrie, CPA, consultant at KAF Financial Group, and Stacie Saunders, AICPA social media and member engagement strategist, will discuss the key benefits of using LinkedIn for your business, as well as provide real world success stories. They will walk you through best practices for maximizing your profile, growing your network and advancing your business goals. Register now. FVS, IMTA, PFP, Tax Section members and ABV, CFF, CITP, PFS credential holders save $15. LinkedInFacebookTwitterEmail this Story

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Birds sing after a storm; why shouldn't people feel as free to delight in whatever remains to them."
--Rose Kennedy,
American philanthropist

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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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