Global Business, Finance, and Management Newsletter – October 2009

Dear friends and colleagues,

Welcome to this month’s 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

Internal Audit: The Continuous Conundrum
A definition of "continuous auditing" remains elusive and expert practitioners rare. Here are some tips for getting a program going.
http://www.cfo.com/article.cfm/14440838/c_14441373?f=home_todayinfinance

IFRS Risk Planning and Controls Execution
Implementing IFRS will impact many, if not all, aspects of your business operations, including information technology.
http://www.journalofaccountancy.com/Issues/2009/Sep/20091594.htm

5 skills CPAs need to become CFOs
Veteran CPA financial executives say CPAs must be well-versed in five key skills before stepping into the lead finance role.
http://www.journalofaccountancy.com/Issues/2009/Sep/20091501.htm

CPAs Can Benefit From Flu Preparation
Several federal agencies have jointly developed a “Preparedness Guide for Small Business” to help small businesses plan for the H1N1 flu.
http://www.journalofaccountancy.com/Web/20092158.htm


GLOBAL ECONOMY

How Did Economists Get It So Wrong?
The Great Recession was the result not only of lax regulation and reckless risk-taking but also of faulty theorizing in academia.
http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?_r=1&ref=magazine

Coca-Cola still viewed as most valuable brand
Consumers lost trust in brands as the recession deepened, but Coca-Cola and IBM retained spots as the world's two most valuable brands.
http://www.usatoday.com/money/advertising/2009-09-17-coke-brand_N.htm

Why capitalism fails
The man who saw the meltdown coming had another troubling insight: it will happen again.
http://www.boston.com/bostonglobe/ideas/articles/2009/09/13/why_capitalism_fails/

Global capital markets: Entering a new era
A new report by the McKinsey Global Institute highlights the impact of the global financial crisis on global capital flows.
http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Global_capital_markets_Entering_a_new_era_2443


MEXICO AND LATIN AMERICA

For Mexico and Canada, the ‘War on Terror’ is Over
On the eighth anniversary of the global “war on terror”, America’s continental neighbors – Mexico and Canada – have had enough.
http://laprensa-sandiego.org/featured/for-mexico-and-canada-the-%e2%80%98war-on-terror%e2%80%99-is-over/

Brazil’s VP wants to go nuclear
Brazil's vice president says in an interview that his country should develop nuclear weapons.
http://www.huffingtonpost.com/2009/09/25/jose-alencar-brazil-vp-sa_n_300187.html

Latin America Rebound to Be ‘Strong,’ Barclays Says
Latin America’s economic recovery will be “remarkably strong”, bolstering currencies and spurring interest rate increases in 2010.
http://www.bloomberg.com/apps/news?pid=20601013&sid=aM7BYn6lPsDo


OPPORTUNITIES

Inter-American Accounting Conference
Most important accounting event in the Americas, which will take place in October in the beautiful city of Cancun, Mexico.
www.cic.org.mx/index.php?option=com_content&task=view&id=32&Itemid=50

Land for sale in Zumpango, Estado de México.
45 minutes from Mexico City. Approximately 10,000 m2. Flat. All legal documentation in order. Excellent investment. Sold by owner.
http://www.nuricumbo.com/files/Terreno_en_Zumpango.pdf

Historic house for sale in San Diego, Guanajuato.
30 minutes from Dolores Hidalgo. 3 hours from Mexico City. Excellent location for business. 300 m2. Sold by owner.
http://www.nuricumbo.com/files/Casa_en_San_Diego_de_la_Uni_n.pdf