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Risk Management Tops Audit Committee Agendas
Only 28 percent of audit committee members are confident that they understand the process that management uses to identify and assess significant business risks.

Also in the News:
SEC Announces Fair Value Roundtable Agenda
First U.S. Coin With Readable Braille Unveiled
Survey: Most Execs See No Economic Turnaround Soon
Microsoft to Start Selling Office Programs By Subscription Later This Month

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  News & Insights

This Week in the SmartPros News & Insights Newsletter
IRS Increases Mileage Rate ... Strategies for Evaluating Job Offers and Negotiating With Employers ... Spotlight: Business Tax Incentives: How They'll Affect You

Judge: IRS Can Seek Tax Info From Swiss Bank
A federal judge agreed to allow the IRS to serve legal papers on Swiss banking giant UBS AG in an expanding investigation into U.S. taxpayers who may have used overseas accounts to hide assets and avoid taxes.

AICPA, IASeminars Partner for IFRS Training
The American Institute of Certified Public Accountants has teamed up with IASeminars, a leading global provider of training courses on International Financial Reporting Standards, to offer CPAs and other financial professionals a comprehensive range of IFRS training solutions.

IRS Changes Business Tax Extension Deadline
The Internal Revenue Service announced a change in the extended due date on certain business returns to help individuals better meet their filing obligations.

Dell Says It Will Delete Data From Stolen Laptops
Dell Inc. is joining a long list of other computer makers that offer a service designed to track lost or stolen laptops and delete sensitive data if the finder connects the machine to the Internet.

Deloitte to Build $300 Million Campus
Accounting firm Deloitte LLP announced that it will invest approximately $300 million in the creation of a learning and leadership development center in the Dallas-Ft. Worth area in Westlake, Texas.

Intuit Cuts 7 Pct. of Work Force in Reorganization
Intuit Inc. is slashing about 7 percent of its work force as part of a reorganization at the software company.

SEC Proposes New Rules for Oil Reserves
The Securities and Exchange Commission proposed updated rules for energy companies that will require them to provide more detailed information to investors when reporting their oil and gas reserves.

Judge Cuts Sentences for Ex-Cable Exec Rigas, Son
NEW YORK - A father and son who built Adelphia Communications into a cable television powerhouse before they were accused of ruining it have been resentenced to lesser prison terms.

Credit Scores Hit by Card Limits
Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores.

New IFRS XBRL Taxonomy Released
The International Accounting Standards Committee (IASC) Foundation announced the release of the IFRS Taxonomy 2008.

IFAC Addresses Education Measurement
The International Accounting Education Standards Board (IAESB), an independent standard-setting board within the International Federation of Accountants (IFAC), has released a new information paper to assist IFAC member bodies and other stakeholders in developing effective continuing professional development (CPD) programs for professional accountants.

AICPA Awards Grants for Management Accounting Research
The American Society of Women Accountants Educational Foundation is seeking nominations for the seventh annual Balance Awards. Sponsored by Accountemps and Robert Half Finance & Accounting, the Balance Awards honor outstanding companies and individuals for their commitment to work/life balance.

House Passes Alternative Minimum Tax Relief
The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.


   Spotlight

J.H. Cohn Accounting Report: Regulatory Relief
To what extent will the recent stock market volatility have an impact on contributions to defined benefit plans in 2008? On this month's J.H. Cohn Accounting Report, Kenneth Goldmann describes how the funding status of retirement plans affects corporate budgets.

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CPA Report Online
Subscribe to the top online CPE program for public accountants. CPA Report Online covers the latest events impacting public practice.

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FMN Online
Subscribe to the program that more than half of the Fortune 500 trust for CPE. Stay up to date on Sarbanes-Oxley and other key events impacting corporate finance.

SmartPros Price: Courses: $59.98 - Subscriptions: $389

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  SmartPros Today

Introducing SmartPros Legal Professional Education
SmartPros Legal features the Cognistar CLE library highlighting over 150 course titles in areas such as litigation, IP, corporate/securities law, tax, labor/employment law, bankruptcy, ethics, professionalism, substance abuse, bias, and many more.






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