Financial Reporting

In response to an SEC request, XBRL International—of which the AICPA is a founding member—proposed three ways the commission could increase XBRL use in U.S. capital markets: announce it ultimately will require all registrants to file offerings in XBRL format, participate in taxonomy development and maintenance and upgrade the SEC filing system to fully support XBRL ( ). Meanwhile, the SEC issued a Request for Information that asked the software industry for ideas on how best to develop tools that foster the creation and use of interactive financial data ( ).


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.