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Standards monitoring digest: summarize updates and action items

Summarizes recent standard-setting updates provided by the user and turns them into action items. Useful for internal technical accounting groups staying current.

Create a standards monitoring digest from the materials below.

Inputs:
- Update materials (text/links/summaries): {update_materials}
- Company relevance filters (industry, transactions): {relevance_filters}
- Reporting deadlines: {deadlines}

Output:
1) Summary of updates (bullets) and why they matter.
2) Relevance assessment to {company_name}.
3) Action items and owners (research, policy updates, disclosures).
4) Items to discuss with auditors and timeline.

Only summarize what is provided; do not browse external sources.

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