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Tag Archives: Accounting Profession News

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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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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IASB Issues Additions to IFRS 9 for Financial Liability Accounting

LONDON (October 30, 2010) – The International Accounting Standards Board (IASB) has issued requirements on the accounting for financial liabilities. These requirements will be added to IFRS 9 Financial Instruments and complete the classification and measurement phase of the IASB’s project to replace IAS 39 Financial Instruments: Recognition and Measurement. They follow the IASB’s November 2009 issue of IFRS 9, ...

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IASB, FASB and Deloitte Discuss Future of Global Accounting Standards at IFRS Summit

(NEW YORK, October 29, 2010) – Deloitte's third annual International Financial Reporting Standards (IFRS) Summit drew more than 200 chief financial officers and senior financial executives to New York City today to discuss the incorporation of IFRS into the United States public company financial reporting framework. International Accounting Standards Board (IASB) Chairman Sir David Tweedie and Acting Financial Accounting Standards ...

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AFP Asks G20 Nations to Delay Deadline on US GAAP, IFRS Convergence on Lease Accounting

(WASHINGTON, October 22, 2010) – The Association for Financial Professionals (AFP) has asked the G-20 nations to delay the June 2011 deadline to merge U.S. Generally Accepted Accounting Principles (U.S. GAAP) and the International Financial Reporting Standards (IFRS) regarding lease accounting to allow time to deliberate on several proposed financial reporting changes. The request by AFP came in a letter ...

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ACCA Releases Discussion Paper on Gender Diversity on Boards in Pakistan

KARACHI (August 10, 2010) – ACCA Pakistan recently organised a discussion forum on ‘Gender Diversity on Boards in Pakistan’ in conjunction with the launch of a discussion paper having the same title. The forum was paneled by key personnel from Pakistani public practice, corporate and public sectors. These panelists included Mr Arif Masud Mirza, Head of ACCA Pakistan, Mr Haroon ...

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G20's four pillars for agenda reform built on uneven foundations: ACCA

KARACHI (July 06, 2010) – The global body for accountants, ACCA (the Association for Chartered Certified Accountants) has responded to last week's G20 meeting by saying that its “pillars for agenda reform” are built on shaky ground. The G20’s first pillar – a strong regulatory framework, and the third pillar – resolving issues to do with financial institutions in crisis ...

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