More international news: CPA exam; trilateral agreement with Canada, Mexico.

* A draft proposal outlining proposed content updates for the Uniform CPA Examination has been released. It increases emphasis on ethics and provides more in-depth descriptions of the skills necessary for entry-level CPAs. It also proposes including International Financial Reporting Standards on the exam for the first time. The exposure draft, titled "Proposed Content and Skill Specifications for the Uniform CPA Examination," results from the AICPA's 2008 Practice Analysis, which is the AICPA's most recent review to ensure that the CPA exam remains valid and relevant. The exposure draft proposes that the IFRS conceptual framework be tested and that additional testing of international standards occur if IFRS becomes generally accepted in the United States. Comments on the exposure draft are due July 31 (www.cpa-exam.org/cpa/exposure_draft.html).

* The AICPA and the National Association of State...