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 three-hour webinar will take place on Wednesday, September 29, 2021 and will begin at 9:00 a.m. ET. {expires: 2021-09-30} Continue reading "XBRL US to Host Data Quality Committee Web..." »

The Financial Accounting Standards Board (FASB) staff has issued the XBRL US Proposed DQC Rules Taxonomy (DQCRT) for the US GAAP and SEC reporting taxonomies. Also released is the accompanying Proposed Technical Guide. Both are available for public review and comment until September 23, 2021. {expires: 2021-09-24} Continue reading "FASB Releases Proposed DQC Rules Taxonomy and..." »

The SEC announced on September 1, 2021 that a draft 2021Q4 update and a draft 2022 update to the SEC taxonomies were issued for the public to review and submit comments. The draft 2021 release updates the Document and Entity Information (DEI) taxonomy and the Closed-End Fund (CEF), which is a new taxonomy resulting from the Securities Offering Reform for Closed-End Investment Companies Final Rule. The CEF taxonomy is currently available only in draft form and the proposed date for accepting the taxonomy in EDGAR is in December 2021. {expires: 2021-11-02} Continue reading "SEC Issues Draft 2021Q4 and Draft 2022..." »

The FERC has approved final modifications to its Data Collection for Analytics and Surveillance and Market-Based Rate Purposes proposal to collect further data from certain market-based sellers with ultimate upstream affiliates that have been given blanket authorization to procure the securities of those sellers or upstream affiliates of those sellers. The proposal includes certain updates to the data dictionary and XML schema that accompany the relational database introduced in Order No. 860. Continue reading "FERC Approves New Identifier Requirements" »

The SEC has announced open data enhancements that not only facilitate innovation but also allow all market participants access to financial statements and other disclosures prepared by public companies on its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. Continue reading "SEC Upgrades Accessibility to Financial..." »

XBRL US will host a remote seminar to prepare filers for phase two of the roll-out of Inline XBRL for mutual funds that begins September 17, 2021. The one-hour event will held on Wednesday, August 18, 2021 at 3:00 p.m. ET. The session is free and open to the public, though registration is required. {expires: 2021-08-19} Continue reading "XBRL US to Present Webinar on Inline XBRL for..." »

XBRL US will host a webinar to share updates made to the XBRL Filed Data Add-in for Excel and to discuss recent revisions to XBRL API documentation, Tools for SEC Filers, and resources on XBRL US’ Data Community page. The SEC now supports data quality checks in EDGAR as developed by the XBRL US Data Quality Committee (DQC), and attendees will be shown how the DQC checks scan XBRL filings to find and fix issues before filing. The remote seminar will take place on Wednesday, August 11, 2021 from 3:00 p.m. – 4:00 p.m. ET. There is no charge to attend this public event, though registration is required. {expires: 2021-08-12} Continue reading "XBRL US to Host a Virtual Seminar to Discuss..." »

The XBRL US Data Quality Committee (DQC) recently released its 16th ruleset for a 45-day review and comment period. Additionally, the DQC will hold a 60-minute virtual seminar to provide issuers, filing agents, and particularly US GAAP filers an overview of the new draft rules. Participants will learn about the previously approved 15th ruleset, which has been available for use since June 2021, and has an effective date of September 1, 2021. The committee also will discuss how the rules affect the quality of data reported to the SEC. The event takes place on Wednesday, August 4, 2021, at 3:00 p.m. EDT. The session is free and open to the public, though registration is required. {expires: 2021-08-05} Continue reading "XBRL US DQC to Host Webinar to Discuss the 16th..." »

On July 15, 2021, XBRL US Data Quality Committee (DQC) released its 16th ruleset for a 45-day public review and comment period. The latest rule set is comprised of eight rules specific to US GAAP filers. {expires: 2021-08-01} Continue reading "XBRL US DQC Releases Ruleset 16" »

The Financial Accounting Standards Board (FASB) recently released a proposed XBRL Taxonomy Implementation Guide for Financing Receivable and Current Expected Loss (CECL) disclosures. This guide is based on and in accordance with the SEC Reporting Taxonomy and the US Generally Accepted Accounting Principles Financial Reporting (US GAAP) Taxonomy. The proposed Implementation Guide provides illustrations of disclosures concerning financing receivables pursuant to FASB Accounting Standards Codification, Topics 310, Receivables, and 326, Financing Instruments–Credit Losses. Elements for text blocks, policy text blocks, and table text blocks (Levels 1-3) are not included in the Guide. The publication places focus on detail tagging only (Level 4). {expires: 2021-07-27} Continue reading "FASB Publishes Taxonomy Implementation Guide..." »

On July 2, 2021, the SEC announced that an API (Application Programming Interface) is now available for beta testing on data.sec.gov. In addition to XBRL data from financial statements (Forms 10-Q, 10-K, 8-K, 20-F, 40-F, 6-K, and their variants) in a JSON format, the API features entity information and submission history. Continue reading "SEC Announces EDGAR Structured Disclosure API..." »

Following its upgrade to Release 21.2, the EDGAR system began supporting the 2021 International Financial Reporting Standards (IFRS) Taxonomy. The 2021 IFRS Taxonomy is consistent with that of the International Accounting Standards Board which was made available on the its website on March 24, 2021. Continue reading "SEC Issues XBRL Taxonomy Update" »

On June 22, 2021, the SEC announced that the anticipated September 2021 update to the EDGAR system will introduce a pilot phase for filing Form 24F-2. The SEC recently adopted the requirement that filings on Form 24F-2 be submitted in a structured format, as stated in the Securities Offering Reform for Closed-End Investment Companies release. Continue reading "SEC Introduces Pilot Phase to Implement Final..." »

XBRL US’ Data Quality Committee (DQC) will host a one-hour web conference for industry leaders to engage in discussions and plans to establish rules and guidance for public corporations complying with the SEC’s XBRL requirements. The webinar will take place on Tuesday, June 29, 2021 and will begin at 12:00 p.m. (ET). The event is free and open to the public but registration is required. {expires: 2021-06-30} Continue reading "XBRL US to Host Virtual Data Quality Committee..." »

The SEC has announced that it will release EDGAR 21.2 on Monday, June 21. This update will introduce multiple changes to the EDGAR filing website, as well as various changes to Form N-CEN and the introduction of the IFRS 2021 XBRL Taxonomy. Continue reading "SEC Announces EDGAR Release 21.2" »