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In the Zone: Accounting & Auditing
August 31, 2010    
Cougar Mountain
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Editor's Note
Gail Perry, CPA, Managing EditorThis week, we’re featuring updates on the state of retirement savings in America. The news is not good. Approximately half of Americans claim to have no retirement savings at all, and those with retirement plans at work seem to think it’s their employers’ responsibility to provide them with education and to give them time off to handle financial issues. Can we just dial back the clock a few decades and start taking responsibility for our own future and stop blaming someone else for the pickles we find ourselves in? And P.S. – seriously, what do these people think they’re going to do when they can no longer work? Are we going to become a nation of Night of the Living Dead zombies, people who can’t work or take care of themselves, feeding off of those who are more able?

Best wishes,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com
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Democrats seek to legislate retirement savings
In an effort to increase the number of Americans who are saving for retirement – roughly 50 percent of employees have no retirement savings at all – the Automatic IRA Act of 2010 has been introduced in both houses of Congress.
Flexible spending account consumer campaign launched
WageWorks Inc., an independent provider of consumer-directed benefits solutions, has announced the launch of the nationwide consumer education campaign.
Challenges Sinking Your Practice? We Can Help. Sink Practice
We've compiled a list of ten challenges that cost accounting practices like yours hundreds of hours and tens of thousands of dollars. Learn more about the challenges – and what you can do to solve them.
Recession blues: 401(k) loans and hardship withdrawals on the rise
Fidelity Investments, one of the nation's providers of workplace retirement savings plans, has released its quarterly data on the state of the 401(k) that show positive, steady savings behavior by the majority of participants.
IRS looking for feedback on Roth 401(k) regulation
The Internal Revenue Service is seeking comments on an existing regulation that provides guidance on Roth 401(k) arrangements.
A&A the Webcast Way Larry Perry
Do you need an update on accounting and auditing standards or maybe a refresher on the fundamentals of performing compilations and reviews? Get all your updates via live webcast! Speaker, Larry Perry is a nationally-known author of accounting and auditing manuals, a CPE instructor and a consultant to CPA firms. Check out Larry’s webcast schedule for quarterly A&A updates, nonprofit accounting, and more.
Employees clamoring for basic workplace financial education
In a recent survey conducted by the Personal Finance Employee Education Foundation with the support of the Employee Benefits News, 91 percent of respondents cited employee financial literacy as being extremely important or important in reducing the vulnerability of the American economy to major economic crises.
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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