Financial Reporting

The SEC issued a proposal to amend its requirements relating to rule changes requested by self-regulatory organizations (SROs), such as the securities and commodities exchanges ( ). The proposal aims to modernize and increase the efficiency of the rule-filing process by requiring SROs to submit recommended changes to the commission only in electronic form and to post all proposed modifications—as well as current and complete sets of their rules—on their Web sites. Comments are due June 4.


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.