Point of View is a forum for opinions and thoughts from XBRL US and the XBRL community about business, industry, finance, regulation and legislation, where data standards can play a role. We welcome your feedback on the XBRL point of view.
Earlier (2020)

SEC acknowledges (and uses) XBRL US DQC rules

Ami Beers, CPA, CGMA, Senior Director, Assurance and Advisory Innovation — Public Accounting, AICPA; and Joan Berg, Toppan Merrill, and Chair, XBRL US Data Quality Committee

The SEC not only acknowledges the value of DQC rules, but indicates that the staff is using the rules themselves.

Earlier (2020)

Thank You, Members of XBRL US

Campbell Pryde, President and CEO, XBRL US

Much was accomplished in 2020, in large part thanks to members of XBRL US. Our work together sets the stage for an exciting 2021.

Earlier (2020)

We can do better at supporting small business.

Campbell Pryde, President and CEO, XBRL US

The SBA’s Paycheck Protection Program distributed $500 billion to nearly 4.9 million businesses. This funding was critical to helping small business. But it could have been more effective if loan and grants data was collected in structured, machine-readable format.

Single Audit, data standards, and the GREAT Act

Campbell Pryde, President and CEO, XBRL US

The success of the GREAT Act depends on the data standards, and the implementation. That’s why it’s important to have all the facts on how grantees report today, and on how the right standard can be applied to not only meet the “letter of the law” but fulfill the promise of this important legislation.

Earlier (2020)

Investors Need More (Not Less) Auditor Input about Smaller Companies

Mohini Singh, ACA, Director, Financial Reporting Policy Group, CFA Institute

Investors Need More (Not Less) Auditor Input about Smaller Companies. Structured (XBRL) data helps identify the risks of a proposed SEC change to definitions for accelerated and large accelerated filers.