Technology


The Federal Deposit Insurance Corp. awards a 10-year, $39 million contract to Unisys Corp., which, with the assistance of PricewaterhouseCoopers, Microsoft Corp., EDGAR Online Inc. and other technology companies, will use XBRL (extensible business reporting language) and other tools to modernize and streamline federal bank regulators’ collection, processing and distribution of banks’ quarterly financial reports ( www.aicpa.org/innovation/baas/xbrl/030617xbrl.asp ). XBRL was developed by an AICPA-led consortium. Reports for September 2004 are expected to be the first filed under the new system.

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VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.