Risk Management


The Committee of Sponsoring Organizations of the Treadway Commission (COSO) exposes a draft framework ( www.erm.coso.org ), which defines and describes enterprise risk management and provides a standard against which public and private, profit and nonprofit entities can evaluate the effectiveness of their risk management practices and identify ways to improve them. Comments are due October 14. COSO expects to release the final framework in 2004.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.