Global CPA Report July‌ 23, 2014
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Top Stories
7 questions to assess your accounting career
No matter where you are in your career, you should periodically check your progress. Here are seven questions that can help assess whether you’re on track.
CPA Insider
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The stuff Big Four partners are made of
A study looked at qualities found in those who make partner at Big Four accounting firms in Canada, the U.K., and France.
Economia
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Africa
How to boost SMEs in South Africa
A proposal on taxation offers a chance to discuss what South Africa’s small and midsize enterprises really need to thrive.
BDLive
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Transfer pricing audits help Kenya recover outstanding taxes
AllAfrica
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Americas
CFOs cool on hiring
Domestic hiring projections are down from a year ago as cautious North American finance chiefs seem set to rely more on offshore personnel or outsourcing as a way to cut costs.
CGMA Magazine
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13 common money mistakes SMEs make
A successful entrepreneur who now advises businesses lists the 13 common strategic money mistakes made by small and midsize companies.
Forbes
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Latin America welcomes attention from China, Russia
Brazil, Argentina, Venezuela, and Nicaragua welcomed Chinese President Xi Jinping and Russian leader Vladimir Putin, who said they were interested in strengthening their countries’ commercial ties with Latin America.
Miami Herald
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Frequently asked questions about Canada's accounting profession consolidation
Canada’s accounting profession is undergoing a radical transformation. The merger raises important questions about how the profession identifies itself, how it interacts with the public, and how it interacts with the U.S. and the rest of the world.
Journal of Accountancy
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Billion-dollar deal would make Swiss chocolate maker No. 3 in US market
Reuters
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Argentine creditors seek help from restructured debt holders who settled for less
Bloomberg
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Asia
Indian budget proposal includes IFRS mandate
The budget India’s new finance minister proposed makes the convergence of Indian accounting standards with International Financial Reporting Standards mandatory starting in fiscal year 2016-2017.
Economic Times | LiveMint
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How wealthy Chinese circumvented currency restrictions
China’s state-run broadcaster alleged wealthy Chinese have used the Bank of China to launder billions and invest the money in expensive real estate in places such as New York, Sydney, and Vancouver.
Bloomberg | Business Insider
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China agrees to let US inspect audit firms
Economia
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Australia/Oceania
Australian tax on big polluters repealed
The Australian Liberal-National coalition has repealed a carbon tax that was passed by the Labor government two years ago.
BBC | Sydney Morning Herald
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Europe
Euro zone at risk of deflation
The euro zone is likely to lag behind its peers for two more years, according to economists, and deflation in the region is one of the biggest risks for a global economic recovery.
Reuters
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EU investment fund proposed to boost economic growth
The head of the German Institute for Economic Research is proposing a European Union investment fund to fuel growth in the region.
Der Spiegel
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UK mansion owners try to lower the value of their property to avoid proposed tax
Telegraph
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Leaked list of Swiss bank accounts helps UK to recover millions in taxes
SwissInfo
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AICPA News
World Congress of Accountants
The World Congress of Accountants, which will take place in November in Rome, provides accountants a chance to share their views on current issues and trends in the profession. WCOA is organized by the International Federation of Accountants every four years. This year’s event is sponsored by the AICPA and its U.K. partner, the Chartered Institute of Management Accountants.
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Global CPA Report
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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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