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November 1, 2012
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  Top Story 
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  Financial Focus 
  • Corporate-bond sales surge as investors hunt for returns
    Corporate-bond sales this year are near a 2009 record as investors pursue higher returns than seen in government bonds and as companies take advantage of low borrowing costs. "There's a lot of money out there looking for a home," said Elisabeth Afseth of Investec Bank. "Government bonds give you almost nothing, so you're left with corporate bonds, which give you a little bit more than nothing." Bloomberg (10/31) LinkedInFacebookTwitterEmail this Story
New Editions: 2012 Corporate and 2012 Individual Tax Returns Videocourses: Pre-order the 2012 Corporate and Individual Videocourses, featuring Sid Kess and expert panels, who review key developments affecting return preparation and useful tax planning strategies. PFS/PFP Section & Tax Section Members save 20%. > Pre-order Corporate or Individual
  A&A Report 
  • Business interruption claims require careful documentation
    It will be several weeks before losses from business interruption because of superstorm Sandy will be calculated. Companies need to be careful with their documentation as they estimate their losses for their insurers. "They need to preserve a lot of documents that in the normal course of business may get overwritten or discarded," says Stan Johnson, a forensic accountant at Navigant Consulting. The Wall Street Journal/CFO Journal (tiered subscription model) (10/31) LinkedInFacebookTwitterEmail this Story
  Tax Spotlight 
  • Other News
  • AMT patch may be delayed until 2013
    More than 30 million households will be subject to the alternative minimum tax unless Congress takes action after the election. It is expected that Congress will agree on an AMT patch during the lame-duck session, but with a bitter debate expected over the Bush-era tax cuts, it is possible the patch could be delayed. If so, taxpayers affected by the AMT will have to file amended returns. The Hill/On the Money blog (11/1) LinkedInFacebookTwitterEmail this Story
  Advisory Services 
  • Sandy's 4 lessons for financial advisers
    Financial advisers who weathered superstorm Sandy and other natural disasters said they learned four important lessons. Before a disaster strikes, advisers should help clients become comfortable with online meetings; buy a generator to provide backup power; emphasize to clients the importance of documenting even small amounts of property damage; and electronically back up client documents at several secure locations. Find other disaster preparedness and recovery resources on 360 Degrees of Financial Literacy. Reuters (10/31) LinkedInFacebookTwitterEmail this Story
  Policy & Regulatory 
  International View 
  AICPA News 

  • New issue of The CPA Advocate available
    The CPA Advocate keeps members informed about the AICPA's advocacy efforts on their behalf. In this issue, find out about the mobility victories in CA and DC. Also, read about the AICPA's meeting with the Internal Revenue Service's Return Preparer Office. Read it 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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