Technology


XBRL-US, the United States division of the AICPA-led trade group sponsoring the extensible business reporting language (XBRL), releases the results of an Institute-conducted survey ( www.xbrl.org ), which showed two-thirds of vendors either had made at least one of their accounting software products XBRL-enabled or planned to do so by December 2004.

XBRL uses XML “tags” to describe data elements contained in public and private companies’ financial statements. These attributes make it easier to assemble information and reissue it in a wide variety of formats without data reentry or other time-consuming manual processes.

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.