| Brought to you by the American Institute of CPAs |   |
- Eurozone crisis could force Fed action, economists say
The eurozone's worsening sovereign-debt crisis could prompt officials at the Federal Reserve to ramp up its bond-buying program or extend "Operation Twist," a program to decrease borrowing costs in the long term, economists said. "What's going on in Europe is obviously a clear and the most significant downside near-term risk to the domestic economy," said Jeremy Lawson, a BNP Paribas economist. Reuters
(6/4)     
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Eurozone crisis raised borrowing costs for U.S. companies: Spreads on U.S. corporate debt increased as much as 0.85 percentage points between 2009 and 2011 as a result of the European debt crisis, according to a study from the Federal Reserve Bank of San Francisco. Large financial companies such as banks and low-rated nonfinancial companies saw the biggest increase. Highly rated nonfinancial companies were the least affected by the crisis. Bloomberg
(6/4)
 | AuditWatch core staff training with AuditWatch University, TaxWatch University, Yellow Book University in nationwide public seminars…Register by June 15 for 10% savings! In-house, consulting, and audit technology programs also available from the leaders in audit process and efficiency. Visit cl.thomsonreuters.com/A or call 800.231.1860.
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- CPAs help communities understand public entities' budgets
The AICPA is helping school boards, city councils, state governments and Congress use historical financial information to craft better budget decisions. It has also called for a rational and unheated dialogue on the U.S. government's financial statements and the financial stability of the country. These efforts are one piece of how the CPA profession gives back to the community, writes Michael Ramos, the AICPA's director of CPE and training. AICPA Insights
(6/4)
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- Survey: CFOs see shortage of skilled finance recruits
Nearly 70% of CFOs say it's difficult to find skilled accounting and finance staff, according to a survey by Robert Half International. That's compared with 37% who said so in early 2011. At the same time, more than 90% of respondents said they don't plan to increase their staffing levels during the third quarter of 2012. CGMA Magazine
(6/3)
- Teen hiring was the best for May since 1999
The brisk pace of hiring for teens looking for summer work was the one bright spot in the gloomy May U.S. jobs report. The number of 16- to 19-year-olds with employment rose 67,000, the biggest increase for May since 1999. CNNMoney
(6/4)
 | Digital CPA: 2012 CPA2Biz Cloud User Conference
October 28-30, Washington, DC: In 3 days, learn how to embrace the Cloud to transform your client accounting and tax practice. 3 Tracks: tech strategy, practice development, software user training. Speakers: George Will, award-winning author, and Dr. Geoffrey Moore, high-tech strategist. > Learn More
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- Richest taxpayers reported less income in 2009
The 400 highest income taxpayers in the U.S. reported 25% less income in 2009 because of a drop in their net capital gains. However, they also took a record share of gains for the year -- 16% of all net gains reported on individual income returns. In 2008, that figure was 13%. Forbes
(6/4)
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| International View | | |
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| Sponsored Content by American Express OPEN | | |
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- What's your policy on BYOD?
Most U.S. businesses with 1,000 or more employees have bring-your-own-device policies, which allow employees to use their own smartphones and other mobile devices to access corporate computer networks, new research indicates. But such policies can pose security risks. What should your company be doing to prepare for BYOD? CGMA Magazine
(5/30)
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Summer PFS Exam registration closes June 11
The Personal Financial Specialist credential demonstrates the CPA financial planner's expertise and unique qualifications and is a must-have for CPAs who advise individuals on tax, estate, retirement, investment and/or risk management planning. The Summer PFS Exam window runs from June 18 through July 27. Registration closes June 11. Prepare for the PFS exam with the 32.5 hour CPE self-study PFS Exam Review Course. Purchase both the exam and the review class in the same order and receive a 10% discount. Qualify for a $200 PFS Exam Sponsorship to further offset the cost. For more information, visit aicpa.org/PFSexam.
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Register today: Q2'12 economic outlook webcast
Attend the AICPA Business and Industry Economic Outlook Survey Webcast -- Q2 2012, to be held 2 to 3:30 p.m. ET on June 12. The AICPA Business and Industry Economic Outlook Survey is a leading economic indicator for U.S. business activity. Core results of the quarterly survey are captured in the CPA Outlook Index, a robust measure that includes not only the current sentiment of CPA executives about the outlook for the economy, but also the prospects and plans for their own organizations and the challenges they face in leading their organizations. The webcast is free with no CPE, although CPE can be purchased. Register today.
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| SmartQuote | | |
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 | Attempt the impossible in order to improve your work."
--Bette Davis,
American actress
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| About AICPA |
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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| | Recent CPA Letter Daily Issues:
- Monday, June 04, 2012
- Friday, June 01, 2012
- Thursday, May 31, 2012
- Wednesday, May 30, 2012
- Tuesday, May 29, 2012
| | | Lead Editor: Tom Anderson
Contributing Editor: Erika Morphy
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
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