The Digital Accountability and Transparency (DATA) Act of 2013, which expands disclosures of federal agency expenditures, was signed by President Barack Obama and could pave the way for adoption of XBRL for the reporting of federal budget and spending information.

“This is an important day for the American taxpayer,” AICPA President and CEO Barry Melancon, CPA, CGMA, said in a news release. “By signing the DATA Act into law, President Obama has paved the way for implementation of a system that will allow each and every one of us to more easily track federal spending data.”

The DATA Act is designed to provide a more transparent look into the expenditures of federal agencies and requires a nonproprietary, platform-independent data standard such as XBRL. The AICPA has promoted the expanded use of XBRL for government and business.


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.