Global CPA Report Dec.‌ 4, 2013

Top Stories
Five basic tips to delegate successfully
Successful delegation takes more time than you are probably spending now when making assignments, but the investment upfront is well worth the improved performance you’ll experience. Find out about five tips to ensure your expectations are met.
CPA Insider
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US regulator wary of audit firms' growing global consulting business
Consulting revenue is quickly rising for audit firms, and the Public Company Accounting Oversight Board is worried about a conflict of interest.
The Wall Street Journal/CFO Journal
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10 gifts for tech-savvy accountants
Technology consultant David Cieslak lists gadgets and gear that can make “life easier, more productive, and more fun.”
CPA Insider
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Africa
Slow growth for South Africa's economy
Labor strikes contributed to South Africa’s economy growing at its slowest pace in more than four years. Gross domestic product rose 0.7% in the third quarter, and consumer confidence remained low.
Mail & Guardian
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Americas
How to land an overseas assignment
U.S. CPAs who want to gain international experience but don’t work for a large accounting firm should read what three experts suggest they do to secure an overseas assignment.
Journal of Accountancy
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Why HR standards should mirror GAAP
Human resource organizations should mimic the way that accounting differentiates practice and decision standards, according to the research director at the University of Southern California’s business school.
CFO Magazine
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Paper checks still outnumber electronic payments
Paper checks remain the most common method of payment by U.S. businesses, according to a survey by the Association for Financial Professionals.
CGMA Magazine
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FASB endorses two private company GAAP exceptions
Journal of Accountancy
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Mexican lawmakers agree on banking reform
Reuters
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IRS issues guidance on 3.8% net investment income tax
Journal of Accountancy
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Asia
India's stance on trade deal could hurt emerging markets
India says it is a champion of poor, emerging-market countries, but its opposition to a World Trade Organization deal seems to say the opposite, according to a magazine analysis.
The Economist | The Indian Express
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Surge in Chinese corporate borrowing costs sparks crisis warning
Borrowing costs are surging for Chinese companies—a spike that is leading to an increased risk of defaults. Now state media are warning of a debt crisis.
Bloomberg News
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Japan's 2013 tax revenues exceed estimates
Japan Times
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Chinese real estate prices won't be reined in by property tax, economist says
China.org
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Australia/Oceania
Six tips for creating a business name that works
A company’s name is a key element in its brand and often creates a first impression among potential customers. Get six suggestions for finding a name that stands out.
InTheBlack
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Europe
UK accountants forecast bigger bonuses
Accountants in the U.K. are predicting bigger bonuses this year. They’re expecting, on average, a bonus of about £11,587 (about $19,000). That’s up 3.1% from last year, and the biggest expected payout since 2010, according to Marks Sattin.
Economia
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Boost in UK manufacturing signals economic strength
Manufacturing in the U.K. expanded to the highest level since February 2011, according to a survey conducted by Markit Economics. It’s the latest sign that economic recovery is taking root.
Bloomberg
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EU corporate tax loophole to close
Business World
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AICPA News
Excel for Accounting Professionals
The Excel for Accounting Professionals webcast series, from Dec. 9 to 19, is designed to walk you through the Excel features, functions, and techniques that will save time. This is a comprehensive Excel series, not just a quick “tips and tricks” course, designed to help you tackle real-world issues and build some fairly robust workbooks.
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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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