Wednesday, January 26. 2022

FASB Publishes Proposed Revisions to Future Taxonomy Related to Proposed ASU on Liabilities - Supplier Finance Programs

In December 2021, the FASB released a proposed update to the US Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy (US GAAP GRT) related to a Proposed Accounting Standards Update (ASU) on Liabilities - Supplier Finance Programs (Subtopic 405-50). The proposed revisions to the taxonomy will include new elements and reference updates. Continue reading "FASB Publishes Proposed Revisions to Future..." »
Posted by
LeAnn Dey
in Accounting, EDGAR News, FASB News, US GAAP Taxonomy, XBRL at 07:30

Monday, January 24. 2022

SEC Issues Guidance for Filers Using Incorrect Context Dates for Reported Facts

On January 14th, staff in the SEC’s Division of Economic and Risk Analysis noted that some filers were using incorrect context dates when tagging fact values in Forms 10-K and 10-Q. Continue reading "SEC Issues Guidance for Filers Using Incorrect..." »
Posted by
LeAnn Dey
in Filing Technology, SEC Filing Help at 10:40

Monday, January 17. 2022

SEC’s Small Business Advocate to Hold Capital Call January 19

The SEC’s Office of the Advocate for Small Business Capital Formation will host its third annual Capital Call on January 19, 2022, from 1:00 p.m. to 2:30 p.m. EST. The call is free, open to the public, and will be webcast live on the event page. The call will explore perspectives on current capital raising issues that impact startups through small cap businesses and their investors. {expires: 2022-01-20} Continue reading "SEC’s Small Business Advocate to Hold Capital..." »
Posted by
LeAnn Dey
in Corporation Finance, Investor Education, SEC at 17:40

Friday, January 14. 2022

Birthday of Martin Luther King, Jr.

The SEC will be closed Monday, January 17th in observance of Martin Luther King, Jr.’s birthday. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of January 17th will be due the following business day, which is Tuesday, January 18th. The FERC will also be closed in observance of the federal holiday. {expires: 2022-01-18} Continue reading "Birthday of Martin Luther King, Jr." »
Posted by
The Novaworks Team
in FERC, Novaworks News, SEC at 13:36

SEC Revises Notification for EDGAR Cipher Update

As a reminder, the SEC is updating the ciphers it supports in its Transport Layer Security (TLS) cryptographic protocol on Monday, January 17, 2022. The upcoming upgrade was previously announced on August 25, 2021 and October 27, 2021.

Continue reading "SEC Revises Notification for EDGAR Cipher Update" »
Posted by
LeAnn Dey
in Development, EDGAR News, Information Technology, SEC at 09:20

Thursday, January 13. 2022

SEC Releases Taxonomy Compatibility for Newly Required Auditor Tags in the 2021Q4 DEI Taxonomy

The SEC previously announced that the 2021Q4 version of the Document and Entity Information (DEI) taxonomy, which includes the newly added elements for tagging auditor information required in Release No. 93701, is compatible only with the 2021 versions of other taxonomies. If a filer attempts to use the 2021Q4 version of the DEI taxonomy with the 2020 version of another taxonomy in the same filing, the filing will be suspended. Continue reading "SEC Releases Taxonomy Compatibility for Newly..." »
Posted by
LeAnn Dey
in EDGAR News, GoFiler Updates, SEC, SEC Filing Help at 14:00

Tuesday, January 11. 2022

SEC Provides Update on Its Request for Comment on Potential Technical Changes to EDGAR

In September 2021, the SEC introduced a project entitled “EDGAR Next – Improving Filer Access and Account Management”, wherein the SEC proposed a rule that would implement potential technical changes to the way filers access the EDGAR System to make submissions and how filers manage individuals who make submissions on their behalf. After a first round of feedback from stakeholders within the community, the SEC is now seeking further input in undertaking these technical changes. Continue reading "SEC Provides Update on Its Request for Comment..." »
Posted by
LeAnn Dey
in EDGAR News, Filing Technology, SEC, SEC Filing Help at 09:00

Tuesday, January 04. 2022

XBRL US to Hold Data Quality Committee Web Conference

XBRL US’ Data Quality Committee (DQC) will host a virtual meeting for industry leaders to further engage in discussions and plans to establish rules and guidance for public corporations complying with the SEC’s XBRL requirements. The one-hour webinar will take place on Wednesday, January 19, 2022 and will begin at 12:00 p.m. EST. {expires: 2022-01-20} Continue reading "XBRL US to Hold Data Quality Committee Web..." »
Posted by
LeAnn Dey
in Data Quality Committee, Events, SEC, SEC Filing Help, XBRL at 14:34

Thursday, December 30. 2021

New Year’s Hours

The SEC will be closed Friday, December 31st in observance of New Year’s Day. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of December 31 will be due the following business day. The FERC will also be closed in observation of New Year’s Day. eForms will accept filings submitted on December 31st. Our support team is available to help eForms filers with any issues through email. {expires: 2022-01-03} Continue reading "New Year’s Hours" »
Posted by
The Novaworks Team
in FERC, Novaworks News, SEC at 12:36

SEC Staff Releases Report on Capital Raising During 2021

On December 9th, the SEC’s Office of the Advocate for Small Business Capital Formation issued its 2021 Annual Report, a comprehensive publication that provides an overview of both capital raising in communities across the nation, and entrepreneurs and investors who are building companies together from startups to small cap. {expires: 2022-01-20} Continue reading "SEC Staff Releases Report on Capital Raising..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 10:11

Wednesday, December 29. 2021

SEC Proposes Rules to Prevent Security-Based Swaps Fraud and Manipulation, Ensure CCO Independence, and Require Position Reporting

The SEC voted on December 15th to propose rules that would address misconduct in the security-based swap (SBS) market, promote compliance with the Federal securities laws by security-based swap dealers and major security-based swap participants (SBS Entities), and increase transparency in the security-based swap market. Continue reading "SEC Proposes Rules to Prevent Security-Based..." »
Posted by
LeAnn Dey
in SEC at 11:05

Tuesday, December 28. 2021

SEC Announces Approval of PCAOB Budget and Accounting Support Fee for 2022

On December 15th, the SEC voted to approve the 2022 budget of the Public Company Accounting Oversight Board (PCAOB) and the associated annual accounting support fee. The PCAOB monitors the audits and auditors of the financial statements that are submitted by registered broker-dealers and issuers. Section 109 of the Sarbanes-Oxley Act of 2002 requires the PCAOB to establish, with SEC approval, a reasonable accounting support fee to fund its operations. Continue reading "SEC Announces Approval of PCAOB Budget and..." »
Posted by
LeAnn Dey
in Accounting, SEC at 15:10

SEC Releases 2021Q4 XBRL Taxonomies Update

On December 20th, the SEC updated the EDGAR system to Release 21.4. The system now supports the 2021Q4 versions of the taxonomies listed below. With this release, the Closed-End Fund (CEF) taxonomy will be accepted in EDGAR for the first time, and the Document and Entity Information (DEI) taxonomy has been updated to include elements for tagging auditor information. For more information, refer to the final 2021Q4 taxonomies’ Release Notes. Continue reading "SEC Releases 2021Q4 XBRL Taxonomies Update" »
Posted by
LeAnn Dey
in EDGAR News, SEC, SEC Filing Help, XBRL at 09:25

Monday, December 27. 2021

SEC Releases 2022 Peak Filing Volume Dates for EDGAR Filings

To help filers avoid missing deadlines and reduce online traffic around crucial filing dates, the SEC releases a filing schedule detailing when it expects to receive the highest volume of EDGAR filings. The 2022 schedule is now available from the SEC. Continue reading "SEC Releases 2022 Peak Filing Volume Dates for..." »
Posted by
LeAnn Dey
in EDGAR News, SEC, SEC Filing Help at 12:51

Thursday, December 23. 2021

Christmas Hours

The SEC will be closed Friday, December 24th due to the closure of the federal government on that day. The EDGAR System will not receive, process, or accept filings on that day. Filings with a due date of December 24 will be considered timely if filed on or before December 27, which is the SEC’s next business day. {expires: 2021-12-27} Continue reading "Christmas Hours" »
Posted by
The Novaworks Team
in Novaworks News, SEC at 10:30
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