BNA Expands Portfolios to Accounting & Auditing

BNA, which has been publishing portfolios on tax issues for many years, just announced a project where would publish a series on Accounting Policy and Practice for the use of accounting, legal and financial professionals. The series will be designed to "provide guidance in a post-Sarbanes-Oxley environment"; more specifically, a breakdown of accounting rules, summary of available options and justifications for approach chosen on such issues as revenue recognition, assessing audit committee effectiveness on SOX and handling auditor ligitation liability issues. In addition to the company's signiture portfolios, the service will provide biweekly topical material and special reports.

Many tax professionals swear by BNA; it will be interesting to see if the accounting portfolios achieve a similar level of popularity. Another question, will Lexis-Nexis, which recently announced a partnership with BNA on distribution of tax materials, have a similar arrangement with these new accounting materials?