Global Business, Finance, and Management Newsletter – July 2009

Dear friends and colleagues,

Welcome to the July 2009 issue of my newsletter featuring selected articles on finance, accounting, audit, and global business.

I hope you will find this information interesting.

Feel free to contact me in case you require any additional information on the topics discussed below.

With very best regards,
Armando Nuricumbo


FINANCE AND ACCOUNTING

Accountants: Ability to inspire, motivate is top leadership skill
A survey found that the ability to inspire and motivate others is the most urgently needed leadership skill in accounting.
http://www.accountingweb.com/cgi-bin/item.cgi?id=107653&d=883&h=884&f=882&dateformat=%25o%20%25B%20%25Y

Issues for Audit Committees to consider surrounding IFRS
It is important that audit committees now gain an understanding of IFRS and contemplate the company's readiness.
http://media.cpa2biz.com/Publication/IFRS/1939-347_ifrs-audit_comm_news.pdf

IIA Releases 2008 Annual Report
The IIA has released A New Horizon in Internal Auditing – The IIA’s 2008 Annual Report.
http://www.theiia.org/recent-iia-news/?i=10120

PCAOB Delays Foreign Firm Inspections
PCAOB has delayed inspections of foreign accountants for up to three years after outcry over the legality of the inspections from regulators.
http://www.webcpa.com/news/PCAOB-Delays-Foreign-Firm-Inspections-50846-1.html?zkPrintable=true


GLOBAL ECONOMY

IRS develops strategy for overseas tax-evasion cases
The IRS has requested an extension of the current three-year statute of limitations to prosecute cases of overseas tax evasion.
http://www.webcpa.com/news/IRS-Commish-Details-Global-Tax-Enforcement-Plans-50679-1.html?zkPrintable=true

End the Corporate Income Tax
The corporate income tax may be the stupidest tax we have.
http://www.theatlantic.com/doc/200907/ideas-income-tax

Goodwill Impairments Doubled in 2008
A study found goodwill impairments more than doubled during 2008 from 2007 levels at U.S.-based public companies.
http://www.webcpa.com/news/Goodwill-Impairments-Doubled-2008-50840-1.html?zkPrintable=true


MEXICO AND LATIN AMERICA

Mexico's 10 most romantic honeymoon hideaways
If you seek exotic surroundings, intriguing culture and warm-hearted hosts, you'll find that Mexico is by far your best option.
http://www.sfgate.com/cgi-bin/article.cgi?file=/g/a/2009/06/24/mexicomix062409.DTL

Mexico City's Soundtrack: A Symphonic Cacophony
Mexico City is a noisy metropolis of more than 20 million people, but amid the noise, it's also a place where sounds have meaning.
http://api.npr.org/templates/story/story.php?storyId=105837804&sc=emaf


OTHER MANAGEMENT TOPICS

Rebuilding corporate reputations
A perfect storm has hit the standing of big business. Companies must step up their reputation-management efforts in response.
http://www.mckinseyquarterly.com/Strategy/Strategy_in_Practice/Rebuilding_corporate_reputations_2367

Why board membership should be a full-time job
The financial crisis could have been avoided if the boards of financial firms were more engaged, independent and more willing to challenge.
http://www.newyorker.com/talk/financial/2009/06/01/090601ta_talk_surowiecki

10 skills you need to survive layoffs
Key to surviving isn't the skills you have, the awards you've won, or the tasks you perform. It's about qualities, habits, and capacities.
http://www.hirestrategy.com/articles/feature_content.asp?ID=752&referrer=newsletter

GM's collapse offers lessons for government, automakers
The biggest industrial bankruptcy offers lessons that might benefit both the auto industry and the government in the long term.
http://www.economist.com/opinion/displaystory.cfm?story_id=13783014


Recommendations

Hotels in Polanco neighborhood offer a great dining experience
This luxury hotel strip is dotted by high-rise buildings overlooking the massive Chapultepec park in the lovely Polanco neighborhood.
http://www.dallasnews.com/sharedcontent/dws/fea/travel/thisweek/stories/DN-polanco_0628tra.ART.State.Edition1.4bfec85.html

Language school in Montreal, Canada
The Horizon Language Institute offers a wide variety of options for international students in one of Canada’s most beautiful cities.
http://www.horizoninstitute.ca/en/index.php