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SmartPros Accounting News & Insights January 30, 2012   Home | Member Services | News | Resource Library | Career Center | Professional Education | Marketplace | Investor Relations

IN THIS ISSUE Newsline: Companies Worry About SEC's Advice to Disclose Cyberthreats Feature: Part II: 2011 Annual Report Preview CPE: Cyber Terror and Cyber Risk: What You Need To Know Book Pick: Auditing Cloud Computing: A Security and Privacy Guide Web version | Archive & subscriptions | Email us  NEWSLINE Companies Worry About SEC's Advice to Disclose Cyberthreats Deluged by cyberattacks they've mostly hidden from the public, companies in Silicon Valley and elsewhere are being prodded by federal regulators to finally fess up to this fast-growing threat to their businesses and their customers. Also in the News: Tax Executives Unsure About Business Impact of IRS 'Repair Regulations' Low Interest Rates Here to Stay, Says U.S. Central Bank Prepare Your Company Domestically Before Growing Globally House Bill Could Effectively Kill Valuable SEC Whistleblower Program Harvard Business School Survey Reveals Deepening U.S. Competitiveness Problem FASB Publishes Proposal for Impairment of Indefinite-Lived Intangible Assets   FEATURE Part II of two-part series on accounting changes: 2011 Annual Report Preview: Financial Reporting Changes on the Horizon By Jim Brendel, CPA, CFE In the first part of this series, I reviewed seven changes to 2011 annual reports that will affect public companies. In this article, I review another seven major changes being seriously considered on the financial reporting horizon. Related: Part I: Seven Changes Your Company Needs to Know   ONLINE CPE NEW FROM FMN ONLINE: Cyber Terror and Cyber Risk: What You Need To Know By increasingly relying on digital technologies and networks to conduct their operations, at a time when cyber attacks are more frequent and more severe, companies are subject to a heightened level of risk. Kroll's Alan Brill examines recently released SEC guidance on your disclosure obligations related to cybersecurity risks and cyber incidents. Register today  BOOK PICK Auditing Cloud Computing: A Security and Privacy Guide By Ben Halpert The auditor's guide to ensuring correct security and privacy practices in a cloud computing environment. Many organizations are reporting or projecting a significant cost savings through the use of cloud computing—utilizing shared computing resources to provide ubiquitous access for organizations and end users. Just as many organizations, however, are expressing concern with security and privacy issues for their organization's data in the "cloud." Auditing Cloud Computing provides necessary guidance to build a proper audit to ensure operational integrity and customer data protection, among other aspects, are addressed for cloud based resources. Buy this book

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