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October 10, 2012
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  • IRS increases focus on IC-DISC use by U.S. exporters
    U.S. exporters increasingly are using interest-charge domestic international sales corporations as tax-planning devices, putting the issue on the Internal Revenue Service's radar. The IRS released an audit guide for IC-DISCs this year that can help CPAs direct clients' decisions. The Tax Adviser (10/2012) LinkedInFacebookTwitterEmail this Story
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  • Agreement lets U.S. regulator observe audits in China
    The U.S. Public Company Accounting Oversight Board reached an agreement with Chinese authorities allowing it to observe audits of U.S.-listed companies in China. The deal gives the regulator only some of the access originally requested. Reuters (10/9) LinkedInFacebookTwitterEmail this Story
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  Middle East 
Curiosity is one of the permanent and certain characteristics of a vigorous mind."
--Samuel Johnson,
British writer

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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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