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SmartPros Accounting News & Insights June 29, 2009  Home | Member Services | News | Resource Library | Career Center | Professional Education | Marketplace | Investor Relations

IN THIS ISSUE Newsline: Accounting Board's Lobbyists Stress Independence Feature: Parents and Children Don't See Eye to Eye When It Comes to Money Spotlight: June 30th: Your Next Important Filing Deadline? Career Corner: CFOs Report on Third Quarter Hiring Intentions Book Pick: And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees Web version | Archive & subscriptions | Email us  NEWSLINE Accounting Board's Lobbyists Stress Independence The rule-setting board for corporate accounting has a rocky history of bumping up against lawmakers often acting at the behest of powerful business interests. It has been criticized by some as spineless in the face of pressure from Congress. Also in the News: JPMorgan to Record $1.1 Billion Charge in 2Q Income Redistribution Set to Increase Under Obama's Budget Court to Look at Standards in Whistleblower Case IASB Proposes Guidance on Management Commentary SEC, CFTC Agree on Derivatives Oversight SEC Pitches Tightened Rules for Money-Market Funds The SEC Is Too Lax on CEO Health Disclosure UBS Client Pleads Guilty to Filing False Tax Return SEC Charges Madoff-Linked Firm, Adviser with Fraud Billionaire Stanford Indicted in Alleged $7B Fraud Recession Changes Investing, Spending Patterns of Wealthy Grant Thornton Names Stephen Chipman New CEO Prepare for Hurricanes by Safeguarding Tax Records Public Workers' Free Health Care Hangs Over Taxpayers California Budget Q&A: How Did We Get Here? Where Are We Going?   FEATURE Parents and Children Don't See Eye to Eye When It Comes to Money Results of a recent Wells Fargo survey show that parents and their 18 to 22-year-old children differ in confidence about attaining financial goals.   SPOTLIGHT NEW CPE IN CPAR ONLINE June 30th: Your Next Important Filing Deadline?Course #CPAR791-FM; 2 CPE Credits Amidst front-page publicity, the IRS is offering leniency to many wealthy Americans who volunteer to pay taxes owed on their assets that are stashed in offshore accounts. In our opening segment, tax attorney Richard LeVine clarifies why so many tax advisers – and their clients – are considering whether to file, and what to file, with the Service by June 30th. Take course.   CAREER CORNER CFOs Report on Third Quarter Hiring Intentions Employers are expected to remain cautious about adding accounting and finance professionals in the third quarter, according to the Robert Half International Financial Hiring Index.    BOOK PICK And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees By David Faber And Then the Roof Caved In lays bare the truth of the credit crisis, whose defining emotion at every turn has been greed, and whose defining failure is the complicity of the U.S. government in letting that greed rule the day. Written by CNBC's David Faber, this book painstakingly details the truth of what really happened with compelling characters who offer their first-hand accounts of what they did and why they did it.

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