AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
Small Indian-American community making grand contributions in the US: Report
The report "Indiaspora Impact Report: Small Community, Big Contributions," conducted by Boston Consulting Group, is the first volume in a series to look at the impact of the Indian diaspora, with a special focus on public service, business, culture and innovation in the United States.
ET Circle: Cyril Shroff’s time-honoured lessons in law, legacy, and leadership and crafting timeless institutions
In this episode of the ET Circle multimedia series, discover what differentiates leading a legal services firm compared to a conventional business, the significance of a value system for building institutions that outlive physical assets, and enduring leadership lessons that blend the purity of purpose with resilience, the spirit to absorb adversities, and the vision to lead with empathy. Learn these invaluable insights from none other than Cyril Shroff, the Managing Partner at Cyril Amarchand Mangaldas, a legal services firm with a rich heritage spanning over a century.
How Trump's hush money trial verdict could affect the 2024 election
Jurors in Donald Trump's first-ever criminal trial began deliberations on Wednesday in his hush money case, which could have significant implications for the 2024 White House race. Trump has pleaded not guilty to 34 counts of falsifying business records to cover up a payment that bought the silence of porn star Stormy Daniels shortly before the 2016 election.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
Xi Jinping exposes cracks in China's governance model
President Vladimir Putin emphasized Russia and China's commitment to a more democratic multipolar world order during his visit to China. Critics point to Xi Jinping's concentration of power, erosion of norms, and struggles in maintaining control over the PLA, raising concerns about China's governance model.
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Despite $125 billion debt, why is Pakistan increasing its defence budget to 18000 crore rupees
Pakistan faces economic strain with a $124.5 billion foreign debt, 42% of its GDP. It boosts military capabilities through major arms imports, mainly from China, accounting for 82% from 2019 to 2023. Despite economic woes, it increases defense spending by 15.4% in the national budget, totaling 18000 crore Pak rupees. This military expansion includes submarines from China. Reports suggest Pakistan may have secretly supplied arms to Ukraine, contradicting its neutrality stance. Public discontent grows due to economic hardships and perceived military dominance in resource allocation.
Higher ability to withstand sudden headwinds: 5 largecap stocks with right mix of RoE & RoCE
There are two kinds of risk in equity markets, first the overall market or asset class risk. Second is individual risk. First risk is not under control of anyone, because it can hit the market due to any reason, right from any geopolitical uncertainty to any monetary event in any part of the world. Probably the first kind of risk got played recently with the flip flop of the US and development in the middle east. The second risk which is individual risk is about the choice of the stock which one buys. In equities after a point of time it is more important to manage individual risk than to take risk. In equities the risk is more in the short term, over longer term, it is not very high. One way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
Rs 7,000 cr of exports a year: How the small town of Bhadohi in UP became a global carpet powerhouse
Bhadohi, the carpet capital of India, boasts a rich history of carpet weaving dating back to the Iranian master weavers in the 16th century. The town's success lies in its blend of traditional craftsmanship and modern technologies, offering unique handmade carpets to global markets.
Trump says migrants are fueling violent crime. Here is what the research shows
Former President Donald Trump is using rhetoric linking immigrants in the U.S. illegally to violent crime in his campaign for the presidency, despite studies showing immigrants are not more prone to criminal behavior. Trump has labeled crimes by these immigrants as "Biden migrant crime" and has been criticized for dehumanizing language. President Joe Biden has disagreed with efforts to demonize migrants based on individual actions. Studies, including a meta-analysis and research on Texas felony arrests, consistently show immigrants, including those in the U.S. illegally, do not commit more crimes than native-born Americans.
Want to be ‘certified crypto expert?’ You need 11 hours and $229
To pass the chartered financial analyst exams and put the “CFA” letters on your resumè, at least 900 hours of study are recommended. Hitting the books for 300 to 400 hours is advised for the certified public accountant exam, which is usually taken by prospective CPAs who have completed an undergraduate degree in the subject.
How Russia depicts wounded soldiers: As heroes, or not at all
The conflict between Russia and Ukraine has resulted in a significant number of war wounded, estimated to be in the hundreds of thousands. However, cases like Andrei's, a soldier in the Wagner private military company, receive little publicity in Russia. Reports suggest a lack of essential medical resources and inadequate treatment for the wounded, raising concerns about the Russian government's handling of the situation.
Americans agree that the 2024 election will be pivotal for democracy, but for different reasons
Amidst heightened political division, an AP-NORC poll revealed a common concern among Americans about the fate of democracy in the upcoming 2024 elections. Regardless of political affiliation, 62% of adults worry about democracy depending on the victor. Biden and Trump supporters fear each other's candidate poses a threat—Biden's camp apprehensive of Trump's authoritarian tendencies and Trump's side claiming Biden undermines democratic traditions. With declining trust in government effectiveness, citizens cite rights erosion and political clashes as reasons for democracy's faltering state. Polarization, inequality, and executive power concentration fuel these concerns, signaling potential challenges to democracy.
China chip firm Brite Semiconductor, powered by US tech and money, avoids Biden's crackdown
The company, Brite Semiconductor, offers chip design services to at least six Chinese military suppliers, a Reuters examination of company statements, regulatory filings, tenders and academic articles by People's Liberation Army (PLA) researchers and institutions found.
Biden's Israel stance angers Arab, Muslim Americans; could jeopardize 2024 votes
Many Arab Americans are upset Biden has not pushed for any humanitarian ceasefire even as Palestinians are killed fleeing Israel's bombardment of the Gaza Strip, more than a dozen academics, activists, community members and administration officials said.
Latin Americans fall prey to more online scams as cybersecurity lags
Latin America's recent progress on technological inclusion has created new opportunities for scams, experts say, with the pandemic fueling a trend toward mobile banking and shopping.
Adani Group draws regulatory scrutiny in the US after short seller report
The US Attorney's Office in Brooklyn and the Securities and Exchange Commission are both investigating Adani Group, one of India’s largest conglomerates, over whether offshore companies were used to secretly manipulate its share prices. The authorities have sent inquiries to institutional investors with significant holdings in the group to ascertain what Adani Group told those investors, sources said.
India's low-cost digital platforms project its technological dominance on global front
'DPI' involves a triad of identity, payments and data management. It started with the aptly named Aadhaar, or 'foundation', a biometric digital-identity system rolled out under the former Congress-led government in 2010, which now covers nearly all of India's 1.4 billion people.
These elite American universities are actually a bargain
California stands out for having many excellent public universities that offer a pretty good deal for in-state students of all incomes and are well integrated with the state’s community college system, paving an even lower-cost pathway to a University of California degree.
Accountant shortage leaves some US cities without credit ratings
It was among the 64 local governments and utility systems that S&P Global Ratings withdrew ratings for this month for failing to file financial information on time. In March, the company put Marion and 148 other entities on a negative credit watch.
Silicon Valley Bank collapse concerns founders of colour, minorities
Smaller players have fewer means of surviving a collapse, reflecting the perilous journey minority entrepreneurs face while attempting to navigate industries historically rife with racism
Seattle becomes first U.S. city to ban caste discrimination
Calls to outlaw discrimination based on caste, a division of people based on birth or descent, have grown louder among South Asian diaspora communities in the United States. But the movement is getting pushback from some Hindu Americans who argue that such legislation maligns a specific community.
Nuclear risk seen rising as Vladimir Putin unpicks last treaty with US
Now it may be beyond repair, raising the risk of a new arms race - in parallel with the war in Ukraine - in which neither side can rely on the stable, predictable framework that successive nuclear accords have provided for more than 50 years. Security analysts said that could hugely complicate the delicate calculus that underpins mutual deterrence between the two countries, while also spurring other powers such as China, India and Pakistan to build up their nuclear arsenals.
What is ethical animal research? Scientist and veterinarian explain 4 R's of care
There is no single standard definition of ethical animal research.
View: What needs to be done to bring path-breaking efficiencies in public spending in India
In the present public accounting system, which has largely remained unchanged since Independence, the funds against sanctioned budgets are sent from the central to state governments in periodic intervals, ahead of any actual expenditures being incurred by the latter, or on the submission of a statement by the state in the form of a utilisation certificate (UC).
Biden nominates Indian-origin woman attorney and certified public accountant to key admin positions
Indian-American Impact, nation's leading civic Indian American and South Asian organisation, welcomed the nomination of Kotagal to the Equal Employment Opportunity Commission.
Cabinet approves mutual recognition pact between India's ICAI and Malaysia's MICPA
This would enable appropriately qualified chartered accountant members of either institutes to join the other by receiving appropriate credit for their existing accountancy qualification.
Institute providing coaching, accommodation to CA/CS students not exempt from GST: AAR
The AAR observed that the applicant is not approved by the Institute of Chartered Accountants of India/Institute of Cost Accountants of India/Universities to conduct coaching/training of students as per the syllabus prescribed by them to obtain qualifications granted by the said institution.
To add-back or not: How will COVID-19 losses impact valuation in M&A transactions?
‘Earnings Before Interest, Tax, Depreciation and Amortization’ or ‘EBITDA’ and its multiple is a common benchmark in M&A and private equity transactions to determine the fair valuation of a company and therefore, to determine earn-outs and other post-closing adjustments.
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