Ready of Not, Here Comes XBRL


Despite the SEC-proposed mandate that all public companies adopt XBRL by 2011, a Compliance Week survey found that few are prepared for implementation.

Of the 236 publicly held companies surveyed, nearly 80% said no member of their staff is well-versed in XBRL, and 15% said they had no knowledge of XBRL at all.

Forty-four percent of the respondents said they just started researching XBRL and have done no previous testing.

Source: Compliance Week, www.complianceweek.com.

SPONSORED REPORT

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.