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

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TAX PRACTICE CORNER

More R&D tax help

"Can I use the R&D credit?" PATH Act enhancements make the credit more attractive to a wider range of taxpayers.

QUIZ

Learn to choose between ‘who’ and ‘whom’

Writers can stumble over who and whom (or whoever and whomever). If you write for business, this quiz can help make your copy above reproach.