Disclosure took center stage in modern accounting last year, as regulators and investors pushed for more details about all sorts of costs—and for assurances that companies have proper, effective internal controls to make such disclosures. From Sarbanes-Oxley and Section 404 to pensions, taxes, and fair-value accounting, companies had a barrage of new standards come at them; 2007 promises to be a year of learning how to implement it all. A few of the topics certain to loom large are listed below.
Internal Control Over Financial Reporting
