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New BNA Portfolio Discusses Enterprise Risk Management

NEWS RELEASE

Contacts:
Mark Carrington
(703) 341-5880

Arlington, Va. (December 27, 2007) – BNA®, publisher of the authoritative and universally recognized Tax Management Portfolios, has released the latest addition to the Accounting Policy and Practice Series, Portfolio 5303-1st Enterprise Risk Management.

This Portfolio analyzes a methodology that companies of all sizes can adopt to identify, assess, and manage risk. Companies increasingly operate in a volatile business environment. Accordingly, the Portfolio outlines the principles of managing risk on a enterprise-wide perspective – focusing on strategic, operational, and financial risks in addition to the traditional attention to hazard risk. The Portfolio examines qualitative and quantitative assessment approaches. Enterprise Risk Management discusses how risk can be integrated with strategic planning, merger and acquisition evaluations, the balanced scorecard, budgeting, internal auditing, crisis management and corporate governance.

The Sarbanes-Oxley Act created new requirements for risk management disclosures related to financial reporting and the Securities and Exchange Commission has required registrants to disclose more information on risk factors of their business. The Portfolio discusses these and other regulatory requirements and how companies can employ ERM in complying with them. Enterprise risk management is not merely a United States phenomenon. The Portfolio examines the regulatory requirements and disclosures for a number of other countries.

This Portfolio may be cited as BNA Tax and Accounting Portfolio 5303, Shenkir and Walker, Enterprise Risk Management (Accounting Policy and Practice Series).

William G. Shenkir, former technical advisor and project director for the Financial Accounting Standards Board, has served on the Board of Directors of Dominion BankShares Corp. and First Union National Bank (Mid-Atlantic Region). He currently serves on the Board of Directors of ComSonics, Inc. A former dean of the McIntire School of Commerce at the University of Virginia, Shankir has edited or coauthored seven books, contributed to more than 50 journal articles, and made more than 100 presentations before professional and academic groups.  He is a member of the American Institute of Certified Public Accountants and the American Accounting Association and a past president of the American Assembly of Collegiate Schools of Business. Shenkir earned his B.B.A from Texas A&M University and both M.B.A. and Ph.D. degrees from the University of Texas at Austin.

Paul L. Walker has coauthored several books on the subject of enterprise risk management including: Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management and Enterprise Risk Management, Pulling It All Together. Mr. Walker is a member of the American Institute of Certified Public Accountants, the AICPA Risk Task Force, and the American Accounting Association. Walker earned his B.B.A. from the University of Texas and a Ph.D. from the University of Boulder.

Shenkir and Walker have collaborated on enterprise risk management for more than ten years. During that time they have written two books and several articles and have made numerous presentations on enterprise risk management before professional groups in the U.S., Europe and Japan. They also conducted preliminary research for the Committee of Sponsoring Organizations (COSO), leading to COSO's Enterprise Risk Management project.

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About BNA®
BNA is the foremost publisher of print and electronic news, analysis, and reference products, including the recently launched Accounting Policy & Practice Series.  BNA publications intensely cover legal and regulatory developments for professionals in business and government. BNA is the oldest wholly employee-owned company in the United States, and produces more than 350 news and information services – including Daily Report for Executives and Daily Tax Report – widely respected for comprehensive and objective reporting and analysis.

For more information about the BNA Tax Management Portfolios, call (800) 372.1033.