SEC updates XBRL taxonomy for IFRS

The Securities and Exchange Commission has upgraded its EDGAR system and now supports the 2017 IFRS taxonomy for International Financial Reporting Standards using XBRL technology.


FASB proposes targeted fixes to accounting guidance

The Financial Accounting Standards Board published a proposed accounting standards update Tuesday to clarify and get rid of some specific inconsistencies in key parts of GAAP.


In the blogs: Reform and function

The Halloween tax; death during dishonor; define ‘gambler;’ and other highlights from our favorite tax bloggers.


3 key challenges that firms can solve with technology

Most accounting and business advisory professionals know that industry-leading firms rely heavily on technology to grow their businesses. But where does a firm start in evaluating technology?


White House accused of ‘softness’ as tax plan hits bumps

The White House is showing “softness” on ending a $1.3 trillion federal tax deduction filers get for their state and local taxes, Senator Bob Corker said Monday, warning that it raises questions about the GOP’s “intestinal fortitude” and could imperil a tax overhaul.


Paychex sees impact of hurricanes on small business employment

The spate of recent hurricanes appears to have dampened small business employment growth last month in some parts of the country, according to figures from payroll giant Paychex.


Cohen & Co. combines with Arthur Bell

Cohen & Co. has merged in Arthur Bell to create one of the largest accounting firms specializing in auditing mutual funds, exchange-traded funds, hedge funds and investment advisers.


IRS offers tax relief to hurricane victims in Puerto Rico and Virgin Islands

The Internal Revenue Service released guidance Wednesday to give tax relief to residents of Puerto Rico and the U.S. Virgin Islands who have evacuated the islands or were unable to return because of Hurricanes Irma or Maria.


Expensify and Datamolino added to list of curated apps in Xero HQ

This brings the number of hand-picked app partners to 11.


Chrome River releases travel and entertainment analysis tool

Prosper is aimed at helping accountants and CFOs increase revenue by turning spend pattern data into deeper customer relationships.