Financial regulations

Companies and mutual funds might be able to use a more convenient version of Extensible Business Reporting Language in their financial filings, under a new rule proposed by the SEC.

Complicated rules will mean the industry will require tax and accounting services.

Here’s the latest indication Wall Street regulations won’t be gutted anytime soon: Republicans who write financial laws are starting to focus on other things.

Deregulation, new accounting standards and an overhaul of the corporate tax code are among the topics likely to come up during annual general meetings this year, according to BDO USA.

The positive sign for the start of the year augurs well for business clients, though uncertainty remains.

Keeping up with regulations requires expert guidance, leading many clients to turn to their CPA.

Company movement and location decisions have filled the news a lot in the past year. From Carrier leaving Indiana for Mexico, to reversing course after the election and staying in Indiana, 2016 has seen just about everything in terms of company movement.

The Securities and Exchange Commission announced that it had awarded more than $5.5 million to a whistleblower.

President-elect is selecting Sullivan & Cromwell partner to run the Securities and Exchange Commission, positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator.

The Financial Accounting Standards Board has released the 2017 GAAP Financial Reporting Taxonomy, although final acceptance by the Securities and Exchange Commission is still pending.

Some non-GAAP financial measures are more kosher than others, and the SEC is looking to provide better guidance.