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March 18, 2010    
Publisher's Note
Rob Nance, Publisher “Where you live should not decide whether you live or whether you die.” This lyric is from the U2 song “Crumbs From Your Table.” Hearing this line again the other day made me think of the numerous accounting firms across the land that support programs to help people around the world who suffer from a lack of proper nourishment, water, education, and medicine.

All of us at AccountingWEB salute all of you who are involved in such efforts.

Rob Nance
Top News
Congress approves jobs bill second time around
Now Hiring A new bill – with a price tag of $17.6 billion and a prediction of creating 250,000 jobs – is on its way to President Obama for his signature. It’s the Hiring Incentives to Restore Employment, or HIRE Act, informally called the jobs bill.
Examiner: Lehman used aggressive accounting to hide borrowing
Anton R. Valukas, the U.S. bankruptcy court-appointed examiner of failed investment bank Lehman Bros., has found that the company used “materially misleading” accounting to make its balance sheet look stronger than it really was.
High 401(k) plan fees continue to deplete retirement savings balances
Despite the U.S. stock market's recovery, Americans are still struggling to make up for the historic losses sustained in their 401(k) plans over the past two years. One main obstacle employees face as they struggle to save is hidden, high 401(k) plan fees.
Featured Articles
Money matters: CFOs say bonuses reign as top employee reward
Money Envelope Despite lean budgets for many businesses today, most financial executives say cash is king in recognizing their teams' hard work.
For today’s leaders, EQ beats IQ
It’s been extensively documented that EI skills are critical for successful leadership. In fact, they are more of an indicator of success than technical skills or analytical reasoning skills (IQ).
IRS issues list of Dirty Dozen tax scams
The Internal Revenue Service has issued its 2010 “dirty dozen” list of tax scams, including schemes involving return preparer fraud, hiding income offshore, and phishing.
A Plethora of Policy Templates
Policy TemplatesAccountingWEB is pleased to bring you tools that can help systematize the accounting department of a small company, corporate business, or a public accounting firm. We offer over 200 accounting department policy templates and each is available for immediate download. No CDs to buy! Immediate access to the topics of your choice. Check us out now and download "Travel and Business Expense Reimbursement" FREE!
Firm/State/People News
Blame the economy: More workers are getting to work on time
Clock Face A tighter job market may be contributing to increased punctuality at work. A new survey reveals that 16 percent of workers said they arrive late to work at least once a week, down from 20 percent in last year's survey.
AICPA and Accountemps to provide five scholarships for accounting students
The AICPA and Accountemps are accepting applications for the 2010-2011 AICPA/Accountemps Student Scholarship. Five individuals will receive $2,500 each for tuition expenses.
Crowe Horwath takes first place in Public Accounting Report's SEC audit rankings
Public Accounting Report named Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., the winner of its annual analysis of auditor changes for SEC entities.
What do you have to say today?
Payroll Fraud - The Wrong Type of Raise
Fraud is a risk that most everyone is aware of in business, but it is addressed in different manners by different people at different times. This type of inconsistency can lead to holes in your company's protection against fraud.
Good Error Analysis - A Key to Audit Quality
Good error analysis should be performed when an auditor evaluates the results of specific auditing procedures. It should contain both quantitative and qualitative analysis by the person performing the work.
Health Care Reform and Tax Hikes
I have not yet written about the health care bill or reform in my blog because the issue is such a political hot potato and also because what is actually in the bill keeps changing. It would appear that this week is a huge milestone on whether we get this particular bill signed into law.
Dodd Unveils Substitute Bill on Financial Regulatory Reform
Banking, Housing, and Urban Affairs Committee Chairman Chris Dodd (D-Conn.) released a new substitute bill to overhaul the country’s financial regulations.
Kaplan Weekly Quiz
KaplanAre you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz.
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