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Trade Conflicts and Rising Interest Rates Weigh on Business Executives’ View of U.S. Economy, AICPA Survey Finds

September 6, 2018 For the second quarter in a row, business executives are reining in their optimism about the U.S. economy, in part because of the potential impact of trade and tariff policies and rising interest rates, according to the third-quarter AICPA Economic Outlook Survey, which polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

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Paul Arab Selected to Attend AICPA's Leadership Academy

September 6, 2018 Paul Arab, CGMA, CIA, CPA was one of only 41 CPAs honored by the American Institute of CPAs as a member of the Leadership Academy's tenth graduating class. Arab was selected based on his exceptional leadership skills and professional experience for the four-day Leadership Academy program on Oct. 7-11 in Durham, N.C.

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GASB Clarifies Guidance on Majority Equity Interests

September 4, 2018 The Governmental Accounting Standards Board (GASB) has issued guidance clarifying the accounting and financial reporting requirements for a state or local government’s majority equity interest in an organization that remains legally separate after acquisition.

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IRS Announces Adjustments to the Compliance Assurance Process (CAP) Program

August 27, 2018 Internal Revenue Service officials have announced changes to the Compliance Assurance Process (CAP) program for 2019. CAP is a cooperative pre-filing program for some of the largest taxpayers. To give affected taxpayers more time to assess the proposed changes, the IRS will shift the start of the application period to Oct. 1, 2018 and it will close on November 30, 2018.

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