Global CPA Report April‌ 9, 2014
Growth—It's what the CGMA designation stands for. Find out more at CGMA.org.

Top Stories
10 secrets of a successful meeting
Jim Hutchin, director of the executive MBA program at the University of Technology in Sydney, shares 10 tips on how to get the most out of meetings.
In the Black
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Four ways accounting leaders can manage change successfully
Globalization, technology, ever-accelerating changes in accounting standards, and consolidation of accounting firms force leaders to design, execute, and communicate a change strategy.
Journal of Accountancy
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Africa
Illicit financial flows cost Africa billions every year
Every year, billions of dollars meant to fund social programs and infrastructure improvements in African countries are illicitly transferred overseas, former South African President Thabo Mbeki says. In 2012, Mbeki chaired a panel set up by the Economic Commission for Africa to look into the nature of illicit funds in the continent.
Premium Times
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Americas
How U.S. finance execs should use social media
Social media, such as LinkedIn, blogs, and Facebook, are opportunities for finance executives to network with peers, better relate to their staff, and get a feel for how technology is changing communications. But finance executives should consider these four insights about using social media.
B2C
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Regulation demanding increased internal audit focus
The push continues for internal auditors to focus on strategic risks, but regulatory compliance duties are standing in the way, a new survey shows.
Journal of Accountancy
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A look inside the business of American Indian gaming
American Indian gaming is offered by more than 200 tribes in 28 states and generates more than $26 billion annually in the U.S., writes Dominic R. Ortiz, CPA, CGMA, a Native American who is CFO of the Prairie Band Casino & Resort. Ortiz argues that gaming operations are an opportunity for tribes to raise capital and strengthen their communities.
AICPA Insights
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Maximizing client retention after a merger
The retention of clients is essential to a successful merger of accounting firms. A proper transition plan can help.
Journal of Accountancy
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OECD examiners find Chile falls short of enforcement of foreign bribery laws
FCPA Blog
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Senators turn Caterpillar hearing into debate on the US tax code
USAToday
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Smartphones, sensors, wireless networks become part of Canada's maple syrup production
Financial Post
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Asia
Former politburo committee member entangled in modern China's biggest corruption probe
The corruption probe that has spread to family members and associates of former public security minister Zhou Yongkang is unprecedented in modern China: At least 30 people have been arrested and many more questioned, and CNY 90 billion ($14.5 billion) has been seized.
Reuters | Wall Street Journal | The Economic Times
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Controversy dominates India's most ambitious energy project
India’s $11 billion oil and gas drilling project in the Bay of Bengal is embroiled in controversy. The offshore project, which a decade ago promised to be the answer to India’s energy problem, is vastly underperforming, and political candidates suspect a scam.
Economist
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JPMorgan China head resigns amid hiring practice probe
Taipei Times
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Europe
Russia offers incentives to attract investors to Crimea
The Kremlin hopes that designating Crimea as a special economic zone with bigger tax breaks and fewer customs regulations will attract investors. Bringing the Black Sea peninsula back into the fold, a move the U.S. and the European Union consider an illegal land grab, adds a financial burden on Russia.
The Moscow Times
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Do accountants have a role in reviving High Street retail hubs in the UK?
High Street shops in traditional U.K. urban retail hubs are having a difficult time competing with bargain price discounters, even though the economy is improving. But accountants providing services for the shop owners have some tools that could help their clients. Find out how.
Economia
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PwC and Booz become Strategy&
One of the biggest mergers in the accounting profession is completed as PwC acquires Booz to strengthen its consulting business as newly rebranded Strategy&.
Moneycontrol | Economia
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Luxembourg signs FATCA agreement
Investment Europe
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AICPA News
European Summit
The AICPA’s first European Summit, May 13 and 14 in Frankfurt, Germany, will address U.S. GAAP, corporate governance, and IT fraud and risk management, and provide opportunities to interact with those in public practice and industry who are considered experts in U.S. accounting practices.
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AICPA Resources
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Global CPA Report
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The American Institute of CPAs is the world's largest member association representing the accounting profession, with more than 394,000 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. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant (CGMA) designation to elevate management accounting globally.

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