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International Committee Roundtable Advances Discussion on Integrated Reporting

NEW YORK (Nov. 16, 2011) – The International Integrated Reporting Committee (IIRC) held a roundtable meeting earlier this week at SAP’s Executive Briefing Center in Palo Alto, California to gather perspectives on integrating governance, environmental and social performance information into organizational financial reporting. The meeting, co-convened by the AICPA, Ceres and Sustainable Silicon Valley, was attended by business leaders from ...

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USA and Hong Kong Sign Mutual Recognition Agreement for Accounting Profession

NEW YORK and NASHVILLE (October 24, 2011) – The U.S. International Qualifications Appraisal Board (U.S. IQAB) and the Hong Kong Institute of Certified Public Accountants have entered into a five-year Mutual Recognition Agreement that establishes the basis for reciprocity between the U.S. and Hong Kong accounting professions. “The agreement we’ve signed today with the Hong Kong Institute of Certified Public ...

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The World has Changed – So Should Reporting: IIRC

KARACHI (September 12, 2011) – Business and investment leaders today call for a new approach to corporate reporting in a landmark Discussion Paper, called Towards Integrated Reporting – Communicating Value in the 21st Century, published by the International Integrated Reporting Committee (IIRC). Integrated Reporting will provide more comprehensive and meaningful information about all aspects of an organization’s performance and position, ...

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High Inflation and Low Investment Hampers Global Economic Recovery: ACCA Survey

KARACHI (July 21, 2011) – Rising inflation and flat investment have kept the world’s economic recovery stuck in reverse, the latest Global Economic Conditions survey from ACCA (the Association of Chartered Certified Accountants) has shown. Of the 2,186 ACCA members surveyed between 16 May and 6 June 2011, only 26% reported increased confidence, down from 28% three months ago, with ...

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CPA’s Survey Shows CFOs Compensation Set to Rebound

NEW YORK (June 30, 2011) – Good news could be on the horizon for many CFOs of U.S. companies. After a downward trend between 2008 and 2010, the forecast is that CFO total compensation will show a substantial improvement in 2011 at both private and public companies according to the 2011 CFO Incentives and Compensation Survey  conducted by Michal Matejka, ...

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AICPA Publishes New Attest Guidance for Reporting on Controls at a Service Organization

NEW YORK (June 29, 2011) – As companies take advantage of new technologies, such as cloud computing, and increasingly outsource functions to service organizations, these companies are requesting information and assurance that will enable them to assess and address the risks associated with an outsourced service. The American Institute of CPAs has issued new guidance that enables CPAs to provide ...

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CPA Outlook Index Declines in Q2 as US Economic Optimism Wanes, Job Growth Stalls: AICPA Survey

New York, N.Y. (June 02, 2011) – According to the latest AICPA’s Economic Outlook Survey, chief financial officers, controllers and CPAs in executive and senior management accounting roles are far less optimistic now about the direction of the U.S. economy than they were in the first quarter of 2011. The CPA Outlook Index, a broad-based composite index that captures the ...

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AICPA and CIMA Agree to Offer New CGMA Designation

LONDON / WASHINGTON, DC. (May 23, 2011) – The governing bodies of the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA), headquartered in London, today agreed on creation of a new professional designation, the Chartered Global Management Accountant, that will be a worldwide standard of professional excellence in management accounting. With approval now ...

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Audit Changes Must be Meaningful and Not Superficial: ACCA Policy Paper

KARACHI (May 20, 2011) – ACCA, in a policy paper Audit under fire: a review of the post-financial crisis inquiries, addresses the issues which have been raised during investigations by the UK House of Lords, the European Commission and the US senate. In Singapore and elsewhere, regulators are also actively engaged in stakeholder consultations to assess how audit can be ...

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Employers Rate ACCA the Leading Global Accountancy Body: Independent Survey

KARACHI (May 09, 2011) – ACCA (the Association of Chartered Certified Accountants) has been rated as the leading global professional accountancy body in reputation, influence and size by employers around the world more frequently than any other professional accountancy body, according to an independent survey of 1,300 employers in 20 countries. This finding shows that ACCA is widely recognised for ...

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