The SEC proposed rule amendments to expand the agency’s interactive data voluntary filing program to enable mutual funds to submit XBRL-tagged risk and return summary information. The risk and return summary at the front of every mutual fund prospectus includes information about a fund’s investment objectives and strategies, risks, costs and historical performance.

The submission of tagged risk and return summary information would be supplemental and would not replace required official versions of information. Any mutual fund submitting tagged risk and return summary information would be required to include this information as an amendment to a filing on form N-1A, the registration form for mutual funds. The proposal would permit mutual funds to use a taxonomy (a set of standard tags and definitions) being developed by the Investment Company Institute. The taxonomy is available at http://members.ici.org/xbrl . For more information on the SEC voluntary filing program, visit www.sec.gov/spotlight/xbrl.htm.


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.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


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.