TECHNOLOGY, an electronic financial reporting advocacy group, releases for comment a draft version of “XBRL for General Ledger.” The proposed extensible business reporting language specification, which is expected to be available for use in September, is compatible with international accounting standards and simplifies the process of moving data into and out of accounting systems ( ).


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.