AICPA News Update - Oct. 5, 2012 

    2012 PCPS Succession Survey Reports Detail Practitioners' Succession Plans 
    Published October 05, 2012

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    AICPA News Update
    A Weekly Email Newsletter on Issues & Events Surrounding the CPA Profession
     
     
      In This Update: October 5, 2012 - Volume 15 No. 40  
     
    DC Enacts CPA Mobility Law
    2012 PCPS Succession Survey Reports Detail Practitioners’ Succession Plans
    CGMA Global Economic Forecast Released; Free Webcast on Oct. 10
    Catch Up on AICPA Insights®
            
     
    DC Enacts CPA Mobility Law
     

    On Oct. 1, the District of Columbia became the 50th U.S. jurisdiction to modify its regulations to simplify cross border practice privileges for CPAs outside of its jurisdiction. DC’s new “mobility” law, while passed in fall 2011, had been contingent on passage of the FY 2013 DC budget. Earlier this week the budget was finalized and the funding needed to implement the mobility law was approved. Read this Journal of Accountancy article for more information and visit the CPA Mobility Map.

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    2012 PCPS Succession Survey Reports Detail Practitioners’ Succession Plans
     

    Succession planning creates a structure for a CPA practice, ensuring the continuity of clients and the retirement of partners by preserving key client relationships, maximizing owner incentives and motivating younger practitioners to strive for leadership roles. Reports from the 2012 Private Company Practice Section Succession Survey, a joint project between PCPS and Succession Institute, LLC, provide an in-depth look at where CPA firms stand in creating and deploying their succession plans. One report is for sole proprietors and another is for multi-owner firms. To help you and your firm address succession planning challenges, visit the PCPS Succession Planning Resource Center.

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    CGMA Global Economic Forecast Released; Free Webcast on Oct. 10
     

    In C-suites and boardrooms around the world, pessimists now outnumber optimists nearly 8 to 1 as senior finance executives take an increasingly dim view of the global economy and show growing concern about regional conditions. That’s according to the third quarter CGMA Global Economic Forecast released by the AICPA and CIMA. The survey of 1,179 CEOs, CFOs, controllers and other senior-level CGMAs in 62 countries found only 7 percent with an optimistic outlook for the global economy over the next 12 months. Read more about the survey results in this CGMA Magazine article. Join the AICPA and CIMA for the free quarterly CGMA Global Economic Forecast webcast, 11 a.m. to 12 p.m. ET on Oct. 10. This audio webcast will feature a panel of leading CGMA executives from around the globe who will discuss the survey findings and the issues and challenges faced in both the global and their domestic economies. CGMAs earn one free CPE credit. For all others, the webcast is free with no CPE; CPE is available for purchase.

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    Catch Up on AICPA Insights®
     

    The AICPA’s official blog, AICPA Insights, offers timely posts on the CPA profession and trends that are impacting it. Catch up on these posts you might have missed. Be sure to see every post by signing up for AICPA Insights’ RSS feed or email subscription

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