Today, the scope of family-owned businesses has expanded to include some of the world's largest companies and their economic weight remains massive. The CGMA thought leadership report, "Managing the challenges of family businesses," explores how trusted CPA, CGMAs can provide thoughtful guidance to family-owned businesses to help them succeed.

Confidence among business leaders worldwide in the global and national economies, and in their own organizations, is growing; however, overall they remain cautious in their optimism about the economic outlook, according to the inaugural CGMA Global Economic Forecast, covering the first quarter of 2012, performed by the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA).

On January 31, international business leaders participated in a panel discussion marking the launch of the new Chartered Global Management Accountant (CGMA) designation and focused on recent research presented in the report "Rebooting business: Valuing the human dimension." To compile the report, the AICPA and CIMA surveyed 280 CEOs from more than 21 countries and interviewed 17 CEOs, chairmen and other business leaders a group collectively responsible for over 2.1 million jobs and a market capitalization of $1 trillion to understand how they viewed current global challenges and ways to overcome them. The launch event, hosted by the AICPA and the Chartered Institute of Management Accountants (CIMA), was broadcast live via webcast and held simultaneously in New York City and London.

In December 2011, the GAO issued an omnibus revision to the Yellow Book. The new Yellow Book will be...

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With three active standard setters (GAO, OMB, and AICPA), there are always important developments...