Friday, June 25. 2021

SEC Announces Adoption of the Passphrase Update Amendment

On June 22, 2021, the SEC announced amendments to Volume I of the EDGAR Filer Manual pertaining to Section 4.b and the Manual Passphrase Update Request. These updates require filers who have misplaced their passphrase to provide certain supporting documentation indicating the connection between the individual(s) requesting access and the existing EDGAR account. They must also provide documentation indicating how the individual(s) requesting access connects to the individual(s) acting on that individual’s behalf. Continue reading "SEC Announces Adoption of the Passphrase Update..." »
Posted by
The Novaworks Team
in EDGAR News, SEC Filing Help at 14:48

Thursday, June 24. 2021

SEC Introduces Pilot Phase to Implement Final Rule Aimed at Investment Company Filers

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..." »
Posted by
The Novaworks Team
in EDGAR News, SEC Filing Help, XBRL at 11:40

Wednesday, June 23. 2021

Novaworks to Host Free Webinars on Using GoFiler for Inline XBRL

The compliance date for submitting filings using inline XBRL is fast approaching with filings due in August of this year for all non-accelerated and smaller reporting companies. To help this transition, Novaworks is presenting a free, three-part webinar series to help filers learn how to prepare inline XBRL using our patented XDX technology.

Continue reading "Novaworks to Host Free Webinars on Using..." »
Posted by
The Novaworks Team
in Events, Filing Technology, SEC Filing Help at 15:12

Thursday, June 17. 2021

SEC Announces EDGAR Release 21.2

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" »
Posted by
The Novaworks Team
in EDGAR News, IFRS Taxonomy, SEC Filing Help at 17:56

Tuesday, June 15. 2021

SEC Reminds Operating Companies of Approaching Final Phase-In Date for Inline XBRL

The SEC adopted amendments on June 28, 2018 that required filers to use Inline XBRL (iXBRL) for both operating company financial statement information and fund risk/return summary information. Filers using iXBRL are able to prepare a single document that embeds machine-readable data directly into a human-readable document. This gives data users a simpler means to view, access, and explore the contextual information of the underlying data.
Continue reading "SEC Reminds Operating Companies of Approaching..." »
Posted by
The Novaworks Team
in Corporation Finance, SEC, SEC Filing Help, XBRL at 15:53

Thursday, June 10. 2021

EDGARLink Updates Online Document Attachment Capabilities

As of June 9, 2021, when a filer is using an internet browser other than Internet Explorer, EDGARLink Online will allow that filer to attach multiple documents at once to EDGAR submissions. Filers using Internet Explorer must continue attaching documents to EDGAR submissions one at a time. Continue reading "EDGARLink Updates Online Document Attachment..." »
Posted by
LeAnn Dey
in EDGAR News, SEC, SEC Filing Help, US GAAP Taxonomy at 11:49

Wednesday, May 26. 2021

DERA Brings Attention to Incorrect Use of Continuing Operations Elements in the Statement of Cash Flows

The staff of the SEC’s Division of Economic and Risk Analysis (DERA) has discovered that certain filers who report under US Generally Accepted Accounting Principles are using elements for the Statement of Cash Flows that are intended explicitly for continuing operations. These filers do not actually report continuing and discontinued operations separately and should be using general elements to tag each respective subtotal for operating, investing, and financing activities. Continue reading "DERA Brings Attention to Incorrect Use of..." »
Posted by
The Novaworks Team
in DERA, SEC Filing Help at 17:54

Tuesday, May 25. 2021

SEC Staff Issues Guidance on EDGAR Filing of Form C

The SEC’s Division of Corporation Finance recently provided guidance that reflects its views concerning the filing of Form C to the SEC with respect to the effectiveness of certain rule changes as introduced in Release No. 33-10884. This guidance on EDGAR filing of Form C: 1) is not a rule, regulation or statement of the SEC; 2) has neither agency approval nor disapproval; 3) has no legal force or effect; 4) does not alter or amend applicable law; and 5) creates no new or additional obligations for any person. Continue reading "SEC Staff Issues Guidance on EDGAR Filing of..." »
Posted by
The Novaworks Team
in Corporation Finance, EDGAR News, SEC, SEC Filing Help at 14:46

Friday, May 21. 2021

FASB Proposes Revisions for Future Taxonomies Related to Proposed ASU on Fair Value Hedging

The Financial Accounting Standards Board (FASB) has recently issued proposed updates to the US GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy related to the proposed Accounting Standards Update (ASU) on Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Method. The proposed revisions to the taxonomies will include: 1) new elements, 2) newly added references to transition elements, 3) modified documentation and standard labels, 4) element deprecations, and 5) reference deletions. {expires: 2021-07-06}
Continue reading "FASB Proposes Revisions for Future Taxonomies..." »
Posted by
The Novaworks Team
in EDGAR News, FASB News, SEC Filing Help, US GAAP Taxonomy, XBRL at 14:50

Monday, May 17. 2021

SEC to Release EDGAR 21.1.3.u1

The SEC has announced that on May 19, 2021 it will release EDGAR 21.1.3.u1.
Continue reading "SEC to Release EDGAR 21.1.3.u1" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 16:31

Wednesday, May 05. 2021

SEC Announces Changes Related to EDGAR Release 21.1.3

The SEC has announced that it will release EDGAR 21.1.3 on May 10, 2021. Continue reading "SEC Announces Changes Related to EDGAR Release..." »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 17:05

Wednesday, March 24. 2021

SEC Announces 2021 XBRL Taxonomies Update

The SEC upgraded the EDGAR system to Release 21.1 on March 22, 2021. The system now supports the 2021 reporting taxonomies, which are the final versions of the draft taxonomies that were posted by SEC staff for public comment on September 1, 2020.
Continue reading "SEC Announces 2021 XBRL Taxonomies Update" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help, US GAAP Taxonomy, XBRL at 11:04

Tuesday, March 23. 2021

Form ID Amendments

With the release of EDGAR 21.1, the SEC has revised Volume I of the EDGAR Filer Manual and Form ID, as well as related rules. Those who apply for EDGAR access who previously used the “Convert Paper Only Filer to Electronic Filer” process are now required to submit Form ID and an authenticating document to apply for access to file on EDGAR. The changes apply to applicants who have Central Index Key (CIK) numbers but have not yet filed electronically on EDGAR. Continue reading "Form ID Amendments" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 10:14

Wednesday, March 17. 2021

SEC Makes Announcement About Disabling TLS 1.0 and TLS 1.1

On April 1, 2021, the SEC will begin only accepting internet connections from networks using Transport Layer Security (TLS) settings at version 1.2 or higher. This move has been made to strengthen network security controls. Continue reading "SEC Makes Announcement About Disabling TLS 1.0..." »
Posted by
The Novaworks Team
in EDGAR News, Information Technology, SEC, SEC Filing Help at 17:16

SEC Releases EDGAR 21.1

The SEC has announced that EDGAR Release 21.1 will implement a number of updates to the EDGAR filing website on March 22, 2021. Continue reading "SEC Releases EDGAR 21.1" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 09:48
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