AAA Newsroom

Welcome to the Newsroom of the American Accounting Association. Here you'll find press releases on the latest happenings, meetings, and published materials of the AAA. If you have any questions about the AAA or would like any additional information about the items listed below, please contact:

Deirdre Harris
Member Relations and Marketing Manager
American Accounting Association
Email: deirdre@aaahq.org
Phone: 941-556-4119

Latest Press Release:

4/19/12 – Are Americans willing to sacrifice to save Society Security?
Click Here to read the full text of the article.

3/29/12 – New research serves as reminder that critical issues in multi-trillion-dollar securitization market remain unresolved
Click Here to read the full text of the article.

3/2/12 – Restatement Announcements: Study warns on hazards of breaking bad company news via video
Click Here  to read the full text of the article.

2/13/12 – Giving shareholders a say in auditor selection results in sounder financial statements, study finds
Click Here to read the full text of the article.

1/10/12 – Although judges may disagree whether it is material or not, an optimistic tone in earnings reports spurs lawsuits, study finds
Click Here to read the full text of the article.

12/13/11 – Would a tax holiday on corporate earnings abroad spark a domestic economic revival? Not likely, study suggests
Click Here to read the abstract.

More from the AAA Newsroom

AAA in the News:

4/29/12 – United Press International: Can we keep the Social Security and Medicare trust funds from going bust?
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4/25/12 – Accounting Today: Taxpayers May Accept Some Social Security Reforms
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4/16/12 – CFO.com: Apologizing for Bad News? Be Careful with the Video
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4/3/12 – Accounting Today: Study Questions Accounting for Asset Securitization
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3/21/12 – Harvard Business Review: The Daily Stat:If Your Company Goofs, Don't Make a Video About It
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3/5/12 – Accounting Today: Study Examines Use of Video for Financial Restatements
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3/4/12 – PCWorld: YouTube No Substitute to Press Release to Restate Earnings
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3/2/12 – CFO World: Need to Restate Earnings? Don’t Use YouTube
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2/16/12 – WebCPA: Study Backs Shareholder Ratification of Audit Firms
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2/16/12 – Accounting Web: Study Shows Benefits of Shareholder Involvement in Auditor Selection
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2/15/12 – IDG News Service: If Investors Vote on Auditors, Financials Are Higher Quality
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2/15/12 – CFOWorld: If Investors Vote on Auditors, Financials Are Higher Quality
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2/10/12 – Reuters: How to avoid a securities class action
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1/30/12 – CFO.com: Upbeat Words in Earnings Statements Can Get You Sued, Research Shows
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1/18/12 – Accounting Web: AAA Warns: Watch Your Language on Earnings Reports
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1/11/12 – CFOWorld: The Painful Price of Puffy CFO Projections
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1/10/12 – Accounting Today: Rosy Earnings Reports Spur Lawsuits
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12/15/11 – Huffington Post: Repatriation Tax Holiday: Companies Holding Nearly Half Of Untaxed Profits In The U.S.
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12/15/11 – AFL-CIO Now Blog: Past Tax Holiday Created Corporate Profits, Not Jobs
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12/13/11– WebCPA: Study Debunks Tax Repatriation Holiday Claims
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COSO NEWS AND UPDATES...

• COSO Expects to Issue the Updated Internal Control-Integrated Framework and Related Supporting Documents During the First Quarter of 2013
  April 30, 2012 – The Committee of Sponsoring Organizations of the Treadway Commission (COSO) – an organization providing thought leadership and guidance on internal control, enterprise risk management and fraud deterrence – today announced that the updated Internal Control–Integrated Framework (ICIF or Framework) is expected to be released during the first quarter of 2013.
  View press release.
  
  
• COSO Releases Thought Paper on Enhancing Board Oversight by Avoiding and Challenging Traps and Biases in Professional Judgment
  03/01/2012 – COSO has released a thought-paper detailing a five-step judgment process that board members and others can use to overcome common pitfalls and mitigate the effects of judgment bias. The judgment process is based on KPMG’s Professional Judgment Framework, which enables individuals to identify where and when the quality of judgments tends to be threatened by predictable, systematic judgment traps and biases.
  View press release.
  
  
• COSO Releases Internal Control - Integrated Framework for Public Comment
  12/19/2011 – COSO has released, for public comment, an updated Internal Control – Integrated Framework (Framework) intended to help organizations improve performance with greater agility, confidence and clarity.
  
  
• COSO Releases Four Reports Related to Enterprise Risk Management
  COSO issued four reports related to the current state of enterprise risk management. All four documents can be downloaded for free from COSO’s website.
  
  
• COSO Launches Online Survey to Gain Input for Update to Internal Control - Integrated Framework
  01/04/2011 – COSO has undertaken a project to update the Framework initially published in 1992. The survey will remain open until January 31, 2011.
  
  
• COSO Releases Results of Two Surveys
  12/09/10 COSO released results of two different surveys on Current State of Enterprise Risk Management and Board Risk Oversight.
  
  
• Project to Modernize Internal Control - Integrated Framework
  11/18/10 COSO announced a project to review and update the COSO Internal Control - Integrated Framework.
  
  

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