International Section

Starting and operating a successful global business presents significant strategic, financial and operational challenges for CPAs. OSCPA’s International Section weekly newsletter keeps subscribers up-to-date on what’s happening with IFRS, IFRS for SMEs, the IASB, and U.S. public and private companies. Find out what you need to know to address the challenges of the dynamic global business environment – join the International Section now.

International section news

Government issues long-awaited final FATCA rules

Jan 24, 2013

The Treasury Department and the IRS on Jan. 17 issued long-awaited final rules on the Foreign Account Tax Compliance Act, with changes intended to harmonize the rules with FATCA agreements negotiated with other countries.
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IAASB seeks comments on consultation paper on audit quality framework

Jan 24, 2013

IFAC's International Auditing and Assurance Standards Board (IAASB) released for public comment a new consultation paper titled, A Framework for Audit Quality. Through the proposed framework, the IAASB aims to raise awareness of the key elements of audit quality, encourage stakeholders to explore ways to improve audit quality and facilitate greater dialogue between key stakeholders on the topic.
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FTSE100 companies see taxes drop for fourth straight year

Jan 15, 2013

Tax rates for the top 100 companies on the London stock exchange have fallen for the fourth straight year, according to research from UK accounting group UHY Hacker Young.
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Global banking regulators fret over accounting differences on loan losses

Jan 09, 2013

Global banking regulators are concerned that loan losses will be treated differently under international and U.S. accounting standards, the chairman of the Basel Committee on Banking Supervision said.
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IASB and EFRAG review ongoing projects and other topics

Jan 09, 2013

IASB and the European Financial Reporting Advisory Group (EFRAG) met in December to discuss a number of topics.
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FASB parent supports new accounting standards forum

Jan 03, 2013

FAF has expressed its support of a proposal to create a new Accounting Standards Advisory Forum of international standard setters, but is taking issue with a requirement that participants need to make a commitment to IFRS.
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SECTION DETAILS

DATES	Annual membership runs May 1, 2012 – April 30, 2013
FEES	Member: $35 Non-member: Not available

BENEFITS	International section listserv Legislative update Listserv disclaimer and policy
CPE DISCOUNTS	Section members can register for select webinars for just $20 – saving $20 off each webinar.

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