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AICPA Supports XBRL Provisions of DATA Act as Passed by House

On April 25th, the House of Representatives passed the Digital Accountability and Transparency Act. The legislation calls for federal agencies and recipients of federal funds to report spending using nonproprietary standards, such as eXtensible Business Reporting Language (XBRL).

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Journal of Accountancy

Tweedie: U.S. decision is key to future of international standards

The SEC’s pending decision on whether to adopt IFRS for U.S. public issuers and what effect that decision could have on whether other major economies adopt them as well was a key topic of discussion with prominent panelists Sir David Tweedie, Bob Herz, and Paul Cherry on Tuesday in New York.

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Social media trumps bank accounts for young adults, AICPA survey says

The percentage of Americans ages 18 to 34 who check their social media accounts once a day is more than triple the percentage who check their bank accounts daily, according to a national telephone survey conducted for the AICPA by Harris Interactive in recognition of National Financial Literacy Month.

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