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| October 15, 2007 | The
Newspaper of the NYSSCPA |
Vol.
10, No.18 |
| What's
Inside |
| New
York's SEC Chief Likes Doing the 'Right |
| Cox: Work on U.S. GAAP Tags Completed for XBRL |
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By Colleen Lutolf and Melissa Hoffmann Lajara NEW YORK—Accountants
and executives unfamiliar with Extensible Business Reporting
Language may want to consider learning more about the software
code now that Securities and Exchange Commission Chairman Christopher
Cox recently announced that work on data tags for the entire
system of U.S. generally accepted accounting principles has
been completed. Extensible
Business Reporting Language (XBRL) is a language for the electronic
communication of business and financial data which Cox called
“part of the overall global effort to revolutionize the
way the planet exchanges financial information,” at |
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| Federal Reserve Cuts Interest Rate |
| NEW YORK—The
Federal Reserve cut the federal funds interest rate Sept. 18, the
first rate cut in four years, in an effort to keep the U.S. economy
stable after disruptions in the financial markets. Continue...
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| Conference Offers SOX, SEC, PCAOB Developments |
|
In the field
of auditing, staying on top of regulations can be, by itself, a
full-time job.
Continue... |
| NYSSCPA Banking Committee Discusses Impact of Subprime Crisis on CPAs |
| By Howard Gluckman, Chair, NYSSCPA Banking Committee Members of the Society’s Banking Committee recently discussed the impact of the widely reported subprime mortgage lending and nontraditional mortgage lending crisis on CPAs working for financial institutions. Continue... |
| Chapter Newsletters |
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