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Big Companies to File Interactive SEC Data by 2009 About 500 of the biggest U.S. public companies would start making financial disclosures through XBRL early next year, under a rule tentatively adopted Wednesday. Also in the News: PCAOB Roundtable: Non-U.S. Auditor Reliance Three Former SEC Chairmen Endorse Obama Freddie Mac Loses $151M in 1Q, But Beats Expectations SmartPros is now trading on NASDAQ. Ticker Symbol: SPRO   SmartPros Reports First Quarter 2008 Financial Results  More Weekly Newsletter Online CPE Resource Library Investor Relations

News & Insights

This Week in the SmartPros News & Insights Newsletter Accounting Degrees Up 19 Percent; AICPA Proposes CPA Exam Changes ... AICPA GAAP Codification Webcast ... Book Pick: Cost of Capital: Applications and Examples, 3rd Ed. Next Generation of Business Software Could Get More Fun Technology researchers are trying to replicate old-fashioned office interactions by transforming everyday business software for the new era of work. AICPA Proposes CPA Exam Changes The American Institute of Certified Public Accountants released a draft proposal for public comment outlining proposed content updates for the CPA exam. CCH Offers New Online Payroll Resource CCH announced the release of the Ernst & Young Payroll Resource Library, an online resource available on the CCH Internet Research NetWork. XBRL Europe Organization Formed XBRL International announced it has formed XBRL Europe, a non-profit association based in Brussels to represent, coordinate and support XBRL members within Europe in their efforts to drive XBRL strategy and adoption across the region. Atkins Leaving SEC After Term End Paul Atkins, one of three Republican members of the Securities and Exchange Commission, announced Monday that he will leave the agency following the end of his term on June 5. Former Broadway Theater Producers Plead Not Guilty to Fraud Former Broadway theater producers Garth Drabinsky and Myron Gottlieb pleaded not guilty to participating in a large-scale accounting fraud. Teens Rely On Classroom Education Over On-the-Job Training Achieving self-awareness of one's noble purpose and vocational calling is a right of passage that, increasingly, teens look to their schools to help them develop. KPMG Hires 3 New Partners in L.A. Office KPMG LLP announced that Tammy DeGrande, Troy Dahlberg and Doug Farrow joined the firm's Los Angeles office as partners. Top Speakers Highlight New York CPA Show Tracy Byrnes from Fox Business News and Mike Minto, an IRS special agent, are two of the featured speakers at the New York CPA Business & Technology Show & Conference this month. Accounting Degrees Up 19 Percent More than 64,000 students graduated with bachelor's and master's degrees in accounting in the 2006-07 school year, the AICPA announced, which is a 19 percent increase since the 2003-04 school year, when the AICPA last surveyed this data. Corporate Boards' Pay Grows With Workload, Regulations Board pay has been steadily increasing in recent years as new regulations increased the workload for directors and the use of compensation consultants became more common. Amazon Sues NY Over Internet Sales Tax Collection Amazon.com is suing New York over a new law that requires out-of-state online companies to collect sales tax from shoppers in New York.

Spotlight

J.H. Cohn Accounting Report: Regulatory Relief To what extent will the recent stock market volatility have an impact on contributions to defined benefit plans in 2008? On this month's J.H. Cohn Accounting Report, Kenneth Goldmann describes how the funding status of retirement plans affects corporate budgets. SmartPros Price: Free! View online now. CPA Report Online Subscribe to the top online CPE program for public accountants. CPA Report Online covers the latest events impacting public practice. SmartPros Price: Courses: $59.98 - Subscriptions: $389 FMN Online Subscribe to the program that more than half of the Fortune 500 trust for CPE. Stay up to date on Sarbanes-Oxley and other key events impacting corporate finance. SmartPros Price: Courses: $59.98 - Subscriptions: $389

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Introducing SmartPros Legal Professional Education SmartPros Legal features the Cognistar CLE library highlighting over 150 course titles in areas such as litigation, IP, corporate/securities law, tax, labor/employment law, bankruptcy, ethics, professionalism, substance abuse, bias, and many more.