Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Thursday, February 28, 2019
Summary of Our Goodwill Research/ How-To

Wednesday, February 27, 2019
What Does ‘Other’ Mean? An Example

Thursday, February 21, 2019
Another Tale, Buried in the Footnotes

Wednesday, February 13, 2019
Low Latency Calcbench

Monday, February 11, 2019
Now Streaming on Hulu: Red Ink

Thursday, February 7, 2019
Early Look at 2018 Tax Decline

Wednesday, February 6, 2019
You Revised WHAT, Netflix?

Thursday, January 31, 2019
Talking About Huawei Exposure

Wednesday, January 30, 2019
Another Discrepancy in Reported Numbers

Wednesday, January 30, 2019
Finding Revised Facts: Hertz Edition

Wednesday, January 23, 2019
GE Commercial Aviation Services: Bringing Numbers to Light

Monday, January 21, 2019
Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

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We appreciate Congressman Capuano’s leadership on this matter!

Dear Mr. Rapp, 

Thank you for contacting me expressing your opposition to H.R. 4164, the Small Company Disclosure Simplification Act.  

As you are aware, the Small Company Disclosure Simplification Act would exempt emerging growth companies and issuers with total annual gross revenues of less than $250 million from the requirements to use Extensible Business Reporting Language (XBRL) for financial statement and other mandatory reporting.  The bill would exempt approximately 60 percent of public companies.  Like you, I do not believe that exempting such a large segment of the market would benefit the companies or investors. On March 14, I voted against H.R. 4164 in the House Financial Services Committee Mark-up Session. Ultimately, the Committee passed H.R. 4164 by a vote of 51-5.  

I appreciate your comments on the increased number of investors who are now benefiting from XBRL. As with any process, there is room to improve and more can be done to make XBRL more user friendly and more accurate. I hope that this interactive financial reporting system will continue to improve and provide a better system for the public.

Thank you again for your comments. If my staff or I can be of further assistance, please do not hesitate to contact my office.


Michael E. Capuano
Member of Congress

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