Financial Reporting


In response to an SEC request, XBRL International—of which the AICPA is a founding member—proposed three ways the commission could increase XBRL use in U.S. capital markets: announce it ultimately will require all registrants to file offerings in XBRL format, participate in taxonomy development and maintenance and upgrade the SEC filing system to fully support XBRL ( www.xbrl.org/commentletters ). Meanwhile, the SEC issued a Request for Information that asked the software industry for ideas on how best to develop tools that foster the creation and use of interactive financial data ( www.sec.gov/spotlight/xbrl/xbrl_request100405.pdf ).

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.