Dipping a toe into charged political waters…
UHY, the Top 100 CPA firm, says their own research shows the United States has one of the lowest tax burdens for both high and low earners among the G8 countries.
Do latest developments suggest a slow death?
The gimlet-eyed Jim Peterson was never fooled.
Why no-one has called the question on this endless charade reflects the two-level fantasy in the dialog: the IASB and the FASB both pretend to believe in the desirability of fully-converged accounting standards, and the community of financial statement issuers and users pretend to believe them.
New universal rules sought for audits and social responsibility.
via IFAC
The accountancy profession’s top leaders worldwide see a new set of global auditing standards as a top priority, according to a survey by the umbrella organization of national and regional associations and institutes.
Savvy U.S. accountants are on the brink of huge new opportunities. Will you be one of them? by Rick Telberg The accounting profession — not just in the U.S., but worldwide — faces new opportunities for growth and success unlike … Continued
Cross-border commerce flourishes between professionals.
by Bill Teague
With international initiatives emerging as one of the AICPA’s key strategies, the U.S.-Mexico relationship may serve as a model of friendship.
International cooperation was apparent up close and in action at the U.S.-Mexico Conference in May, co-presented by the San Diego Chapter of the California Society of CPAs (CalCPA) and their counterparts, the Colegio de Contadores Publicos de Baja California.
At the conference, AICPA president Melancon, appearing for the first time since the conference’s inception over 15 years ago, praised the work between the two societies.
“It’s a tribute to what’s going on from a commerce perspective,” he said. “We appreciate the leadership of the CalCPA in these cross-border relationships.” Melancon noted the annual conference has been in existence since 1995.
JOINT SUMMIT
Melancon reported on the joint summit that had taken place May 20, with the Instituto de Mexico Contadores Publicos’s president, Luis Michel Dominguez.
“We had a great summit with IMCP president Luis Michel,” Melancon said, praising him and other “true leaders on the international stage” representing Mexico. “We have forged a very nice relationship, meeting each year for several years,” he said.
The conference was marked by this kind of balance. Presentations were in either Spanish or English, with simultaneous translation available by headset.
Should we take it seriously this time? Annette Nellen, CPA/Esq., in this week’s AICPA Corporate Tax Insider, reports President Obama’s budget proposal has many wondering what a “robust portfolio of IRS international tax compliance initiatives†means for international tax reform. … Continued
U.S. clients can’t ignore “the largest economy in the world and access to a highly motivated and educated workforce.” via CalCPA “There is no cookie-cutter approach for a U.S. business looking to expand into China,” says the managing partner at … Continued
IFRS is coming. GAAP is dead. Get on board or get run over. Jim Metzler, AICPA Vice President for small firm interests, says even local firms and sole practitioners need to know about International Financial Reporting Standards. For decades, changes … Continued
Colleen Cunningham (pictured) is featured in a SmartPros/FMN excerpt on YouTube talking about international accounting standards. Check it out…
