PracticePeople In PracticeAccountancyAge.com weekly news focus: IT

AccountancyAge.com weekly news focus: IT

A standardised financial reporting 'language' for the internet has been launched. Andersen Consulting is attempting to stave off legal action over last week's Stock Exchange breakdown.

Launched by a 30-strong group of accountancy firms and institutes, XBRL is an XML-based language which aims to provide a universal language in which businesses can store and exchange financial data across all technology formats.

More details can be found in our news story, and in a comment piece from PricewaterhouseCoopers, one of the numerous firms involved.

Meanwhile, Andersen Consulting is in talks with the London Stock Exchange after its system failed on the last day of the tax year, when many investors were attempting to use up their annual capital gains tax exemptions.

Other news this week can be found by scolling down the news bulletin, and by visiting AccountancyAge.com.

The site this week includes a special feature on the controversial IR35 rules on personal services companies, which kicked into action last week.

We are also running a competition for potential internet entrepreneurs, in which you can win £15,000 of funding for your idea.

Further potential fame and glory is on offer in the Accountancy Age awards, in which there are several categories covering the IT world. Visit our awards mini site at http://www.accountancyage.com/Awards, which can also be accessed through the AccountancyAge.com home page.

Don’t forget about our Software Buyers Guides, which allow you to search our extensive database of suppliers and products to find solutions which suit your needs. It can be accessed via the yellow icon at the top of the AccountancyAge.com home page.

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