On April 16th, the Financial Accounting Foundation (FAF) released its 2024 annual report, Standards That Work, Stakeholder Engagement. The report highlights the organization's activities throughout 2024 and showcases how the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) engage with a number of stakeholder groups to develop and enhance Generally Accepted Accounting Principles (GAAP). The publication also comprises viewpoints from FAF leaders who provide the oversight and accountability vital to the organization's standard-setting process. Continue reading "Financial Accounting Foundation Publishes 2024..." »

On April 16th, the SEC announced that it has extended the effective date and compliance date for Form N-PORT amendments from November 17, 2025, to November 17, 2027, for rules it initially adopted in August 2024. The rulemaking amended reporting requirements on Form N-PORT to provide the SEC and investors with decision-useful information about certain registered investment companies' (funds) portfolio holdings to help evaluate a fund's risks. These reports also promote efficacy in regulatory monitoring and oversight of the fund industry, which benefits fund investors. Continue reading "SEC Extends Effective Date and Compliance Date..." »

XBRL US will hold a webinar that will focus on data quality and corporate disclosures. The webinar will take place on Thursday, May 1, 2025, from 3:00 p.m. to 4:00 p.m. via Zoom. The event is free and open to the public, though registration is required. Continue reading "XBRL US to Host Webinar: Data Quality,..." »

The SEC has announced that it will host a roundtable to discuss crypto asset regulation and important matters concerning crypto custody. The event will take place on April 25th, from 1:00 p.m. to 5:00 p.m. EST. The roundtable is free and open for the public to attend via live broadcast on sec.gov. Continue reading " SEC to Hold Crypto Task Force Roundtable on..." »

On April 4th, the XBRL Standards Board announced that it approved the release of a second Public Working Draft (PWD) of the Table Constraints specification. The modular enhancement to the XBRL-CSV format is designed to enable highly efficient validation of business rules, particularly when working with large XBRL-CSV reports. By utilizing the tabular framework of XBRL-CSV, Table Constraints specification allows validations to be performed on a row-by-row basis, greatly improving processing speed. Continue reading "XBRL-CSV Validation Upgraded with New Table..." »

On April 11th, the SEC’s Division of Corporation Finance released a group of Compliance and Disclosure Interpretations (C&DIs), which represent updates to the Division's interpretations of the Exchange Act Rules and Exchange Act Forms. Continue reading "SEC Issues Additional Compliance and Disclosure..." »

On April 2nd, the SEC’s Office of Investor Education and Advocacy (OIEA) announced that April’s National Financial Literacy Month will focus on emphasizing the vital role investing plays in powering the US economy and preparing US investors for their financial futures. Throughout the month of April, SEC leadership and staff will offer free tools and resources that will be available. The staff will also take part in investor education events nationwide that are geared toward high school and college students, senior investors, and members of the military. Continue reading "SEC Offers Free Educational Resources and..." »

Join us at GovFin 2025! XBRL US, in conjunction with the University of Denver, will host a conference to discuss how the Financial Data Transparency Act (FDTA) can facilitate the efficient rollout of digital reporting for municipal bond issuance and other disclosures with data submissions in a structured, machine-readable format. The event’s presentations will address how this will impact governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators. Novaworks is a sponsor of this event, and our staff will be on hand to answer questions and provide information. Continue reading "XBRL US Opens Registration for GovFin " »

The Federal Energy Regulatory Commission’s (FERC) staff will hold its monthly open meeting via webcast on ferc.gov on Thursday, April 17, 2025, beginning at 10:00 a.m. ET. The meeting is open for the public to attend. Continue reading " FERC to Hold Open Commission Meeting" »

The Financial Accounting Standards Board (FASB) will host an XBRL US webinar that will provide an overview of the 2025 Meta Model improvements. The session is tailored for accountants, developers, technologists, and data/analytics providers who would like to leverage the relationships within the US GAAP Taxonomy to improve their work. The webinar will take place on Wednesday, May 21, 2025, from 3:00 p.m. to 4:00 p.m. EST via Zoom. The event is free and open to the public, though registration is required. Continue reading "XBRL Announces Webinar on 2025 Meta Model..." »

The SEC has adopted rule amendments to require electronic filing or submission of certain forms as well as other filings, submissions, or notices provided by broker-dealers, security-based swap dealers, and major security-based swap participants under the Exchange Act and the Securities Act to be submitted to the EDGAR system using machine-readable, structured data. Accordingly, the SEC has released a draft version of the Broker-Dealers (BKD) XBRL Taxonomy. Continue reading "SEC Releases Draft of Broker-Dealers (BKD)..." »

On March 27th, the FERC announced that the eForms system was updated with Version 2025-04-01 taxonomies, validation rules, and rendering files. The Taxonomy Package also has been made accessible in the eForms portal under Taxonomy History. Continue reading "FERC Announces Latest eForms Refresh" »

On March 27th, the SEC approved rulemaking to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. The action effectively terminates the SEC’s involvement in the defense of climate change disclosure rules, which were adopted on March 6, 2024, in The Enhancement and Standardization of Climate-Related Disclosures for Investors final rule. The rules created detailed and extensive special disclosure procedures related to climate risks for issuing and reporting companies. Continue reading "SEC Approves Ending Defense of Climate..." »

The SEC will host a roundtable discussion on artificial intelligence in the financial industry. The event, which takes place on March 27th, from 9:00 a.m. to 4:00 p.m. ET, will feature panels on the risks, benefits, and governance of AI in the financial industry. The roundtable is free and open for the public to attend via live broadcast on sec.gov. {expires: 2025-03-28} Continue reading "SEC to Hold Conference on Artificial..." »