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AICPA Announces Launch of New Uniform CPA Examination Format

New York, N.Y. (January 5, 2011) – The American Institute of Certified Public Accountants, National Association of State Boards of Accountancy, and Prometric have launched the new Uniform CPA Examination, called CBT-e, which includes for the first time questions on International Financial Reporting Standards among other sweeping and significant changes. Changes were approved by the AICPA Board of Examiners based ...

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Accountancy Profession's Strategic Oversight can Future-proof Businesses Worldwide, says ACCA

KARACHI (December 20, 2010) – Global business leaders expect finance professionals to take on a more strategic role in the future, with more than half of respondents to a new research from ACCA believing the ethical integrity of finance professionals will become increasingly important. The value creation model for business: 2010 and beyond sought the opinions of over 500 senior ...

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AICPA Launches New Public Service Tax Website to Help Taxpayers Make Sense of Tax Laws and Rules

NEW YORK (December 15, 2010) – The American Institute of Certified Public Accountants today unveiled 360Taxes.org, a new public service website to help taxpayers better understand how the federal tax system works. The new website, which has been developed over the past year, is launching just days after President Obama called for fundamental reform of the income tax system, touching ...

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AICPA Survey Shows Modest Gain in Optimism as CPA Execs Forsee Slow US Economic Recovery

New York, N.Y. (Dec. 6, 2010) – After a dramatic drop last quarter, CPA executives regained modest optimism in the past three months about prospects for the U.S. economy but believe the recovery will be slow and they are cautious about plans for expansion and hiring, according to the latest AICPA/UNC Quarterly Economic Outlook Survey. Twenty-eight percent of CPAs serving ...

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ACCA Accountancy Futures Symposium Inaugurated

KARACHI (November 24, 2010) – ACCA Pakistan's ACCA Accountancy Futures Symposium was today inaugurated at a local hotel. The first day of the symposium hosted corporate leaders, business men, professional accountants and policy makers elucidated on the two key challenges facing business and the profession today – the value of audit in modern world and Generation Y: Realizing the Potential. ...

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CISA Named Highest Paying Security Certification in Foote Partners' Report

Rolling Meadows, IL, USA (November 22, 2010) – ISACA’s Certified Information Systems Auditor (CISA) designation has been recognized as the highest paying IT security certification by the  IT Skills and Certifications Pay Index (ITSCPI) from independent research firm Foote Partners. ISACA’s Certified Information Security Manager (CISM) designation also earned a place on the list of highest wage earners. Monitoring certifications ...

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FBR Gives Inland Revenue Officials Power to Demand Tax Record

ISLAMABAD (November 15, 2010) -The Federal Board of Revenue (FBR) has empowered all officials of Inland Revenue, authorised by the concerned commissioner, to direct taxpayers for submitting tax records/documents to conduct sales tax audit under section 25 of the Sales Tax Act, 1990. In this connection, the FBR has issued a clarification to the Large Taxpayer Unit (LTU), Islamabad. Sources ...

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Accountants Must Embrace Change and Seize Opportunities, say World Accounting Bodies CEOs

Kuala Lumpur (November 12, 2010) – Chief executive officers of accounting institutes from around the world shared their visions on the accountants of the future at the recently concluded World Congress of Accountants 2010 held in Kuala Lumpur, Malaysia. The World Congress closed on Thursday with the final plenary session titled “Accountants in the Next Decade – Embracing Change and ...

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Global Economic Recovery in Reverse in Q3 2010, say Accountants

KARACHI (November 10, 2010) – The fragile global economic recovery has gone into reverse in the third quarter of 2010, with investment and business confidence suffering a serious setback, according to the latest survey of finance professionals by ACCA (the Association of Chartered Certified Accountants). Nearly half (49%) of the 1,895 professional accountants surveyed by ACCA believe that conditions are ...

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World Bank Asks FBR to Develop Simple Accounting System for Small Taxpayers

ISLAMABAD  (November 02, 2010) – The World Bank review mission has asked the Federal Board of Revenue (FBR) to develop a simple accounting system for small taxpayers by March 2011 to encourage documentation in the country. Sources told reporters here on Monday that the FBR has a huge number of small taxpayers in its taxpayers' register. Many of the taxpayers cannot ...

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