Today's Accounting News from Neikirk, Mahoney & Company

Fed officials aim to assess economic outlook
Officials at the Federal Reserve are not expected to take any new measures to bolster economic growth, but will try to assess the outlook. The central bank has taken a number of steps in recent months to spur growth. The Wall Street Journal 


CFOs point to risk management as a growing area of concern
Risk management has become a growing responsibility for chief financial officers, with more than half of finance executives responding to CFO's Deep Dive Survey saying their risk management responsibility has gone up over the past two years. Two-thirds of CFOs cite customer demand and profitability as one of their biggest areas of concern. Learn how you can strengthen your company's ERM strategy at this AICPA workshop March 29 in New York City. CFO Magazine 


COSO explores six judgment "traps" and how to avoid them
Failing to consider opposing points of view and improperly defining problems are two key traps that lead to poor business judgment, according to a new white paper by the Committee of Sponsoring Organizations of the Treadway Commission. The paper defines six key judgment "traps" and offers advice on how to avoid them, and also outlines a five-step process for decision making. CGMA Magazine 


AIG is set to raise $6 billion from sale of Asian insurance unit
American International Group, the insurance company bailed out by the U.S. government, said it expects to raise $6 billion from the sale of shares in its AIA Group unit, which sells insurance in Asia. AIG said it will use the proceeds to pay off some of its $182.3 billion debt.Bloomberg (3/5), Reuters (3/5)


- The American Institute of CPAs