The SEC’s Division of Corporation Finance prepared issuers for the possibility of new proposed rules regarding the use of XBRL as early as this spring.

"As I have said before, we are ready to undertake further rulemaking whenever the technology is ready," said John W. White, SEC director of corporation finance, in a recent speech at the Securities Regulation Institute in San Diego." That time is fast approaching. In September, the chairman asked for a staff recommendation this spring (which could be a rulemaking proposal), with possible final action coming this fall."

White said the aggressive schedule would allow for a field test of the taxonomies released for comment in December by voluntary filers in their 2008 quarterly filings. “If successful, you can guess where this is all likely to lead,” he added. For the full text of White’s speech, visit www.sec.gov/news/speech/2008/spch012308jww.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.