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| November 11, 2010 |
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| Featured Sponsors |
| Perfect Your Performance – New PPC’s SMART Practice AidsTM — Field Work |
| Is Your Website Ready for Tax Season? – Free Website Trial |
| Small Audit Webcast Series Begins November 12 |
| Publisher's Note |
  Whenever my grandparents have used language around me that evokes speech of long ago, they find it odd that I wouldn’t know what they mean – as if the terms are still used in today’s culture. Now, at nearly 45 years of age, I am finding it a challenge at times to relate to today’s new graduates entering the workforce. From what I hear, many of you are experiencing the same thing, or you’re that young accountant who is frustrated with the curmudgeonly partners at your firm!Here’s a great tool for trying to wrap your head around the foundations and perceptions of today’s college-aged individuals. For instance, many 20-year-olds have never felt the need to have a wristwatch. Who knew? The Beloit College Mindset List for the Class of 2014 is worth a look. Good luck! Rob Nance Publisher publisher@accountingweb.com |
| Top News |
| Exclusive: CCH User Conference opens with Lou Holtz and a future focus |
 The sixth annual CCH User Conference has attracted its largest ever audience, with more than 1,000 accountants braving some unseasonably cool weather in Orlando. Editor-in-Chief Gail Perry reports. |
| GTI sets up new Hong Kong member firm; Expelled partners, staff move to BDO |
| Following the expulsion of its former Hong Kong firm, Grant Thornton China has set up a new firm in Hong Kong, Jingdu Tianhua Hong Kong. Late last month, partners and staff of the old firm announced an agreement in principle to join BDO Limited Hong Kong. |
| Investment property a likely target for valuation change |
| The banking world is buzzing with the possibility that investor balance sheets are about to be vastly reshaped. American rule makers in the accounting industry are looking to change the way land and investments are valued. |
| IRS announces 2011 pension plan limitations |
| The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. |
| Perfect Your Performance – New PPC’s SMART Practice AidsTM — Field Work |
 Plan and execute the entire PPC audit process - including the performance (or “field work”) within the SMART Suite. New tools and features include: SMART Navigator, Engagement Dashboard,and SMART Audit Program Design. Isolates audit steps and identified risks, helping you avoid both over-auditing and under-auditing. Call today to find out how SMART your firm can be. 1.800.950.1216 - ria.thomsonreuters.com/fieldwork |
| Featured Articles |
| New route to allowing unions through card checks? |
 When Barack Obama ran for president, his message was all about hope and change. But a recent decision by one regulatory agency makes it seem like it may all just be politics as usual in Washington. That decision, by a politically appointed board, seems to represent an end-run around Congress. |
| TIGTA questions handling of foreclosures |
| Recent legislation aimed at easing foreclosure proceedings, along with a rise in loan modification activity, has not done enough to address the need for intervention, according to the Treasury Inspector General for Tax Administration (TIGTA). |
| FASB Exposure Draft seeks input on transfers and servicing |
| The FASB issued an Exposure Draft last week to solicit input from stakeholders on its proposal to improve the accounting for repos and other agreements that entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. |
| How setting goals creates happy workers |
| Are you working in an organization where managers help employees develop goals to be more productive? Do employees at your workplace believe that company-developed goals help them become more productive? |
| Is Your Website Ready for Tax Season? – Free Website Trial |
 Emochila is the nation's leading website developer for accountants. Websites come loaded with content and tools:• A unique and professional website design • A secure client portal at NO EXTRA COST • Reliable tech team available to make any website edits for FREE • Pre-written customizable eNewsletters to send to your clients • 50 emails accounts for your firm Click here to try it start your FREE 30-day trial! |
| Firm/State/People News |
| M&A: CG buys Farrell & Associates; Two Ohio CPA firms merge |
 Milwaukee-based Clifton Gunderson has expanded its presence into northern Illinois by merging in Farrell & Associates of Rockford. Also, David C. Murray & Co. CPAs, Inc., and Robert K. Rohlfs, CPA, have combined their practices. |
| Ohio youngsters FETCH! for financial literacy |
| At a time when 77 percent of families in the United States are in debt, with 46.1 percent of those families holding credit card debt, the Ohio Society of CPAs is reaching out to educate youngsters about the value of a dollar. |
| Texas CPAs win mid-term election seats |
| Texas CPAs fared well in the recent mid-term elections, with six accountants winning seats from the Texas House of Representatives to Railroad Commissioner to U.S. Congress. |
| Company announcements: Week of November 8 |
| Following is the latest roundup of firm news for the week of November 8, 2010. |
| Small Audit Webcast Series Begins November 12 |  |
| Larry Perry will begin teaching his popular Small Audit webcast series starting November 12. This series of 15 live webcasts provides start-to-finish guidance on how to plan and complete high-quality small audits efficiently. Each webcast in the series may be attended individually: $69 for 2 CPE hours. For your best value, register for the Full Series (30 CPE hours for $495). | |
| Blogs! What do you have to say today? |
| Determining the impact of the mid-term elections |
| With last week's mid-term elections behind us, FEI's Government Affairs Office in Washington, D.C., has provided an analysis of the potential impact of the changing of the guard. |
| Take advantage of your FSA and save money |
| Last week I learned that only about 15 percent of the employees at a local business I do some work with use their Flexible Spending Account (FSA) option. Wow! What a mistake. |
| U.S./UK dictionary translations |
| It has been said for some time that the U.S. and UK are two nations divided by a common language. This is true. With that in mind, here are some of the common phrases we as a firm often hear confused. |
| How to be a better liar |
| We all have to lie from time to time as we go through life. Sometimes it's to protect ourselves, sometimes to protect others. |
| Kaplan Weekly Quiz |
 Are 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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| Latest industry news |
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| Sage announces Simply Accounting 2011’s English-Spanish capabilities |
| AuditMyBooks announces $50,000 not-for-profit giveaway |
| QuickBooks hosting with Citrix XenApp6; New features, benefits |
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