KPIs accounting firm owners should monitor...How to handle year-end holiday stress
Global CPA Report Dec.‌ 11, 2013

Top Stories
Five ways accountants can demonstrate leadership
Ownership is an elusive, powerful, and highly effective leadership attribute. Learn five ways accountants can demonstrate ownership in their work and encourage it in others.
CPA Insider
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Where CFOs should look for global tax savings
Before the end of the year, CFOs, controllers, and tax directors should scour their companies' global structures and international operations to reduce tax bills. Finding answers to five questions is a way to start that process.
CFO Magazine
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Africa
KPIs accounting firm owners should monitor
South African practice management consultant Mark Lloydbottom recommends that owners of accounting firms track five nontraditional key performance indicators to increase profitability.
Accountancy SA
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Americas
Data security concerns soar as more accounting firms access cloud
Concerns about data security are surging as the percentage of CPA firms tapping cloud computing increases to nearly half, according to a survey from CPA2Biz Inc., the AICPA’s for-profit technology subsidiary.
Journal of Accountancy
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Why benchmarking is beneficial to accounting firms
People’s different personalities, work styles, and skill sets in an accounting firm can make it challenging for managing partners to set goals and establish personal, department, and firm strategies. To mitigate these issues, refine expectations, and improve firm performance, firm leadership should develop benchmarking criteria.
CPA Insider
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US Supreme Court rules on 40% gross valuation misstatement penalty
The U.S. Supreme Court resolved a split among circuit courts when it ruled that the 40% penalty for a gross valuation misstatement applied in a case in which the partnership was determined to be a sham.
Journal of Accountancy
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PCAOB proposal could result in public tracking of auditors
Journal of Accountancy
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Cayman Islands, Costa Rica agree to comply with US anti-tax-evasion law
The Guardian
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Asia
Why India should innovate rather than imitate
To unlock its potential, India should not merely imitate what works in developed economies but leapfrog technologies that have run their course, the founding partner of India’s Khosla Ventures, an investor in technology startups, argues.
McKinsey Insights
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Japanese cabinet approves $54 billion stimulus
To lessen the economic blow of a national sales tax that will take effect in April, the Japanese cabinet approved a JPY 5.5 trillion (about $54 billion) stimulus package.
Reuters | Mainichi
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Philippine tax authorities freeze bank accounts of boxer Pacquiao
Forbes
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Australia/Oceania
How to handle year-end holiday stress
A survey suggested that stress levels among Australians are rising as the year-end holidays near, which can promote illness, burnout, and lost productivity. Find out about five ways to make it to the new year without getting stressed out.
InTheBlack
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Europe
UK's lead as most attractive tax country narrows
The U.K. was the most attractive country in terms of business taxes for the second consecutive year, ahead of low-tax countries such as Ireland, Luxembourg, and Switzerland, a KPMG survey found. But the U.K.’s lead narrowed.
Financial Times
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ECB considers going out on a limb to spur lending in southern Europe
To provide businesses in debt-plagued southern European countries access to affordable loans, the European Central Bank is willing to consider going beyond conventional measures that so far haven’t worked.
Der Spiegel
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EU settles funding of IFRS Foundation
Economia
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UK middle-class professionals threatened by tax squeeze
The Telegraph
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Middle East
Iran seeks investments from Western oil companies if sanctions are lifted
Iran, which has the fourth-largest proved national oil reserves, asked seven Western oil companies to invest in its oil and gas fields should international sanctions be lifted.
Reuters | Bloomberg
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AICPA News
How to analyze a company's financial statement
The Dec. 17 webcast “Analyzing a Company’s Financial Statement” presents a company’s financial statements as a set of dynamic instruments that can be used for accurate, relevant, and timely financial decisions. The course focuses on the economic and financial conditions that caused the statements to change and discovering how businesses can manage liquidity, debt, and profitability.
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Explore leading-edge topics in management accounting
The webcast “Controller’s Update: Latest Trends” on Dec. 16 explores current economic issues, what a company should be doing on social media, technology innovations, and other cutting-edge trends in accounting, finance, treasury management, and business systems.
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AICPA Resources
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Global CPA Report
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AICPA
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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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