Building high quality data standards that stand the test of time, requires establishing a good governance framework to ensure that all stakeholders are involved; and standing up a support and maintenance program to adapt to changes in reporting requirements and technical advances in the marketplace.
The Securities and Exchange Commission (SEC) requires every public company to report their financial statements each quarter using the US GAAP Taxonomy which is supported and maintained by the Financial Accounting Standard Board (FASB). Attend this 60-minute session to learn about the governance structure established by the FASB to ensure that investors, issuers, data intermediaries, and application providers, are engaged in the process of ongoing taxonomy development, and are aware of changes in reporting requirements that will impact them. Find out how the FASB XBRL taxonomy team works with the FASB accounting standards team to model changes in reporting requirements, and coordinate new releases efficiently and with minimal disruption to the reporting supply chain.
- Donna Johaneman, Senior Project Manager, Financial Accounting Standards Board (FASB)
- Lou Rohman, Audit & Assurance Senior Manager, Deloitte & Touche LLC
- David Shaw, Senior Project Manager, Financial Accounting Standards Board (FASB)
- Scott Theis, Chair, XBRL US Domain Steering Committee; CEO, Novaworks LLC
This event is free to attend, with an option to participate and earn 1 CPE for $49 ($39 XBRL US Members) – look for details in the registration confirmation.