Global CPA Report May‌ 14, 2014
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Top Stories
Five ways to effectively use data analytics as an anti-fraud tool
Many companies are missing opportunities to use data analytics as a powerful tool to combat fraud and other financial crimes. Find out how they could gain new and important insights from their business data.
CGMA Magazine
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The risks of relying too much on emerging markets
Emerging markets are great—but volatile—engines for growth. In pursuit of big bets in emerging markets, companies should not overlook growth opportunities in developed markets.
INSEAD
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How leaders can improve their delegation skills
Many leaders would rather control than delegate, but letting others take on responsibilities is necessary to succeed. To improve delegation skills, leaders should keep a few key factors in mind.
CPAMagazine
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Americas
Doing business the Brazilian way
Businesses that expand into Brazil should learn about “jeitinho,” a Portuguese expression that reflects the Brazilian way of dealing with rules and regulations.
Journal of Accountancy
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Raising CPAs who bring in new business
Firms can put strategies in place that teach up-and-coming talent how to uncover the strategic opportunities that lead to new business.
Journal of Accountancy
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Five investment risks associated with bitcoin
How safe is bitcoin? The U.S. Securities and Exchange Commission is warning investors that potential investments in bitcoin and other virtual and digital currencies come with a heightened risk of fraud. But not everybody agrees.
Journal of Accountancy | Economia
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IRS issues procedures for accounting method changes for sales-based royalties and vendor allowances
Journal of Accountancy
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IRS announces two-year FATCA enforcement transition period
Journal of Accountancy
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Portions of conflict minerals rule stayed
Journal of Accountancy
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Asia
Accounting problems rattle Chinese companies trading in Malaysia
From an incomplete audit to a qualified auditor’s opinion, Chinese companies listed on the Malaysian stock exchange are battling accounting problems.
The Star
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Vodafone escalates $2.4 billion Indian tax dispute to international arbitration
Vodafone has asked that its tax dispute with the Indian government be decided by an international court.
Bloomberg
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Singapore signs on to FATCA
Financial Times
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Australia/Oceania
More than 1 million Australians will no longer have to complete tax returns
As part of a measure to reduce bureaucracy, the Australian government plans to free up to 1.4 million taxpayers from completing a tax returns.
Sydney Morning Herald
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Europe
Big takeovers would redraw European business landscape
Mergers and acquisitions are up almost 50% in Europe this year. Especially big cross-border mergers are making a comeback, promising benefits from shifting business to low-tax countries.
The Economist
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Mario Draghi continues to string financial markets along
Mario Draghi, president of the European Central Bank, has been able to hold off financial markets and keep the euro below $1.40 by talk alone.
The Guardian
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Russian subsidiary of U.S. energy company probed for corruption
FCPA Blog
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Independent commission set up to scrutinize Scotland's future tax income
BBC
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Middle East
New center to generate data for regional economic growth
The Centre for Economic Growth in Abu Dhabi aims to collate and analyze data from the region and research key economic issues, such as a massive unemployment problem and a skills gap in the Middle East.
INSEAD
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AICPA News
Getting familiar with crowdfunding
In “Crowdfunding Isn’t Like Shopping Retail,” the AICPA responds to new rules being set up by the SEC. The crowdfunding concept is pretty simple, but cautionary tales also exist. This is the second of two posts on AICPA Insights.
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Practitioners Symposium and TECH+ Conference
The 2014 AICPA Practitioners Symposium and TECH+ Conference, from June 9 through June 11 in Las Vegas, will provide practitioners the latest tools and technological information to keep them on the cutting edge.
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AICPA Resources
Contact Us
Global CPA Report
Lead Editor: Sabine Vollmer
AICPA
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GlobalCPAReport_Editor@aicpa.org
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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.

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