CGMA MAGAZINE – 2013

Asia’s Big Data problem

Asian companies are eager to embrace Big Data, but most are lagging in implementing their ambitious plans, according to a survey of more than 500 senior executives and frontline managers in Asia Pacific.

Improved business climate on the horizon in US, survey says

CFOs and other finance professionals predict continued improvement in business conditions in the US. They’re more optimistic than a year ago regarding economic growth and job creation, according to the Association for Financial Professionals.

SEC to update rules for corporate disclosures

US Securities and Exchange Commission Chairman Mary Jo White directed the commission’s staff to develop recommendations for updating the rules for what a company must disclose in its public filings.

Six more countries sign FATCA agreements with US

The US Treasury Department announced on Thursday that the United States has signed six more bilateral agreements to implement the reporting and withholding provisions of the US Foreign Account Tax Compliance Act.

EU member states approve mandatory audit firm rotation

The new regulations and amendments approved include a requirement that audit firms rotate engagements with public-interest entities every ten years – with provisions for longer periods when engagements are put out for bid or joint audits are performed.