Global CPA Report May‌ 7, 2014
Good Ideas  CGMA Magazine Update—free signup

Top Stories
10 most tech-ready countries in the world
Find out which Asian countries in 2014 joined the list of 10 nations most prepared to benefit socially and economically from technology.
INSEAD | CGMA Magazine
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
New international view on auditors' "other information" duties
The International Auditing and Assurance Standards Board has newly proposed a standard that would clarify and strengthen auditors’ duties related to “other information” that entities provide in annual reports outside the audited financial statements.
Journal of Accountancy
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
How to keep interruptions from hijacking your work day
The number of meetings, emails, instant messages, and teleconferences happening in a company every day can easily suck up employees’ time and reduce productivity. To introduce more discipline, forward-thinking companies are asking their leaders to treat time as a scarce resource and manage it the way they manage capital.
Harvard Business Review
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options

Africa
Providing Africa's startups with the support they need
Even the most promising startups in sub-Saharan Africa often struggle with access to funding and a fragmented infrastructure, but government support for entrepreneurship is increasing.
fDi Intelligence
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options

Americas
The US cities that create the most jobs
Find out which U.S. cities are benefiting the most from the booming stock market and the IPO surge in Silicon Valley.
Forbes
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Five financial reporting changes FASB may make
The U.S. Financial Accounting Standards Board is about to consider foundational changes that could significantly alter financial reporting in the future as well as standards improvements that would reduce complexity, according to FASB Chairman Russell Golden.
Journal of Accountancy
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Revenue recognition: The clock is ticking
The much-delayed revenue recognition standard, which has been approved by FASB and the International Accounting Standards Board, is expected to be released by the end of this month. That doesn’t leave companies much time for implementation.
Journal of Accountancy
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
What Canadian investors should know about ADRs
Canadian investors who are ill-informed about American depository receipts may be in for a tax shock.
Toronto Star
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Americans living abroad may be able to avoid the net investment income tax
The Tax Adviser
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Congress passes bill to track government spending online
Washington Post
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options

Asia
Chinese luxury consumers evolve into tastemakers
Brands need to take note of a new consumer elite that is rising in China. This new generation is hyperconnected, has a deep knowledge of luxury products, and is sensitive to Chinese and Western values.
South China Morning Post
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Malaysia worries its revenue recognition concerns won't be heard
Malaysia has issues with some of the revenue recognition rules under the International Financial Reporting Standards it adopted in 2012, but the small nation worries the U.S. and Europe won’t address its concerns.
The Star
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
China may become world's largest economy earlier than expected
Bloomberg
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options

Europe
France objects to Google's European tax structure
It doesn’t sit well with French authorities that Google recognizes European revenue through an Irish subsidiary. France has assessed the search and online advertising company taxes that could total €1 billion ($1.4 billion).
Financial Times
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Declining UK taxes lure multinationals
A declining corporation tax and other tax reforms are prompting multinational companies to increasingly view the United Kingdom as a tax-efficient place to locate, while the U.K. economic and finance ministry lauds London as the “capital of the world.”
BBC
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
IASB launches online IFRS research center
CPAPracticeAdvisor
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Spanish opera star charged with tax evasion
BBC
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
FBI kleptocracy squad aims to return looted billions to Ukraine
Global Post
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options

AICPA News
AICPA response to SEC crowdfunding proposal
In his blog post “Five Key Regulations to Get Right in Crowdfunding,” Charles E. Landes, CPA, AICPA vice president–Professional Standards and Services, shares the most important points from the AICPA’s comment letter responding to the U.S. Securities and Exchange Commission’s proposal on crowdfunding. This is the first of two posts on the topic.
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options
Excel applications for the accounting professional
The self-study CPE course “Advanced Excel: Practical Applications for the Accounting Professional” was written by a CPA and is designed specifically for accounting and finance professionals who have a good grasp of Excel but want to take their skills to the next level to achieve the automation they know is possible.
Share on Facebook   Share on LinkedIn   Share on Twitter   Other Sharing Options

AICPA Resources
Contact Us
Global CPA Report
Lead Editor: Sabine Vollmer
AICPA
220 ‌Leigh Farm Road
Durham, ‌NC 27707-8110
USA
GlobalCPAReport_Editor@aicpa.org
Subscribe
Unsubscribe

About the AICPA
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.

© 2014 AICPA Inc. All Rights Reserved.| Privacy & Terms of Use