Speaking the Language of Financial Reporting

Do you speak XBRL? Now that the Securities and Exchange Commission has set a June deadline for the 500 largest companies to start filing financial reports using eXtensible Business Reporting Language (XBRL), demand for accountants fluent in the interactive business language is growing.

“It’s hot,” says Mitchell Feldman, President of A.E. Feldman Associates, Inc., a Great Neck, N.Y. executive search firm, who recently wrote about the move to XBRL in his blog. “I’m getting calls from clients for this. It’s steady work.”

What else is going on in Feldman's shop? He’s seeing a lot of former partners these days. “There’s a musical chairs going on,” he warns. “The key is to make sure that your CPA partner practice is strong and some of them aren’t.”