Audit & Accounting

The Committee of Sponsoring Organizations of the Treadway Commission has released an exposure draft document offering guidance on monitoring internal control systems.

The Financial Accounting Standards Board has issued an exposure draft of a proposed standard for expanding the required disclosures of certain loss contingencies.

The International Accounting Standards Board has formed an advisory panel to deal with the controversial topic of determining the value of financial instruments in inactive markets.

The Government Accountability Office has issued a report containing dozens of recommendations for ways the Internal Revenue Service should improve its internal controls.

The American Institute of CPAs has issued a new standard that tightens ethics requirements for members on indemnification and limitation of liability.

A report from Ernst & Young describes the potential adverse impact on the U.S. economy if the research and development tax credit is not renewed.

Cheshire Software has released a new version of its financial planning software program, Cheshire Wealth Manager, with a new feature for analyzing insurance-planning needs.

An international accounting standard-setter has issued a revised set of proposals designed to strengthen the independence requirements for accountants.

Adaptive Planning has added team collaboration and the sharing of best practices to the latest version of its business performance management software.

A new accounting standard is giving executives second thoughts about plans for mergers and acquisitions.