XBRL


XBRL International, an AICPA-founded, not-for-profit global consortium of more than 400 companies and agencies working to promote technology for better and easier financial reporting, established the XBRL Standards Board to strengthen the quality, consistency and stability of the group’s technical materials and increase the openness and formality of the process for setting XBRL standards in order to accelerate adoption of XBRL throughout the world ( www.xbrl.org/announcements/xsb-pr-final-4april2006.htm ). Michael Ohata of Microsoft Corp. has been appointed the board’s first chairman, and nominations for other board positions are under consideration.

SPONSORED QUIZ

How well do you know small business?

There are over 30 million small businesses in the U.S., and many of them are optimistic in their outlook. Are you familiar with the obstacles and opportunities they are facing? Test your small business acumen with this quiz sponsored by Chase Ink®.

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.