XBRL US Comments on SEC’s EDGAR Next Modernization Program

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes, File Number S7-12-21. The proposed changes are designed to increase security around the EDGAR administration and filing submission processes. The letter was prepared by the XBRL US […more]


FERC Published Notice of Information Collection on Form 6

The Federal Energy Regulatory Commission (FERC) published a Notice of information collections and request for comments for FERC Form Nos. 6 and 6T (Annual Report of Oil Pipeline Companies) and 6-Q and 6-QT (Quarterly Report of Oil Pipeline Companies). Forms 6 and 6-Q are now required to be reported in XBRL format. Comments are due […more]


XBRL US DQC Publishes 8 New Rules in 17th Draft Rule Set for US GAAP and IFRS Filers

Attend December 2 webinar for review of proposed and recently approved rule sets The XBRL US Data Quality Committee (DQC) has published its 17th Rule Set for a 45-day public review and comment period, which closes on December 31, 2021. This latest draft rule set contains three rules specific to US GAAP filers, two rules […more]


XBRL US Requests Extension on EDGAR Next Comment Deadline

XBRL US submitted a comment letter in response to the Securities and Exchange Commission’s (SEC) request for comment on Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes, EDGAR Next. The letter was prepared by the XBRL US Regulatory Modernization Working Group which is composed of 14 filing agents and applications providers, […more]


SEC Rule Proposes iXBRL for Form 11-K (Employee Stock Purchase Plans, Savings Plans)

The Securities and Exchange Commission (SEC) published a rule proposal on November 4, 2021 that, if passed as written, would require financial statements reported on Form 11-K to be prepared using Inline XBRL. Form 11-K is used for annual reports of employee stock purchase plans, savings plans, and similar plans. Financials in Form 11-K include: […more]


XBRL US Comment on SEC Closed-End Fund Taxonomy

XBRL US submitted a comment letter in response to the Securities and Exchange Commission’s Request for Comment on the 2021 Q4 release draft which updates the Closed-End Fund (CEF) from the previous version that was out for public review in April 2020. Read the release announcement. Read the XBRL US letter: XBRL US Comment on Draft […more]


SEC Commissioner Lee Speech at Investor Action on Climate Webinar

On October 21, the Securities and Exchange Commission published comments by SEC Commissioner Allison Herren Lee at the PRI/SLEG (Principles for Responsible Investment and the London Stock Exchange Group) Investor Action on Climate Webinar.  In her speech, Commissioner Lee noted: “…our staff is actively engaged now in assessing how we can best facilitate the disclosure […more]


SEC Filing Fee Disclosure & Payment Methods Modernization Final Rule Published

The Securities and Exchange Commission published the final rule for Filing Fee Disclosure and Payment Methods Modernization, a significant rule that will require Inline XBRL for, “…most fee-bearing forms, schedules and statements to provide that each filing’s calculation of filing fee tables, together with related explanatory notes to the filing fee tables, include all required […more]


Newsletter for the Reporting Standard of Business and Government

November, 2021 SEC Commissioner Caroline A. Crenshaw addressed “The Lessons of Structured Data” in her speech at the November 10 XBRL US Investor Forum: Data that Delivers, noting “…XBRL requirements [have] allowed EDGAR to provide machine-readable data that have improved transparency in a number of ways… XBRL has enabled automatic processing and analysis by software […more]


October, 2021 Newsletter

October, 2021 New speakers added to the XBRL US Investor Forum: Data that Delivers. Experts from William Blair Investment Management, Sustainability Accounting Standards Board (SASB), Moody’s Investor Service, and more have joined the speaker lineup at this year’s half-day forum. Keynote speakers at the 2021 event include SEC Commissioner Caroline A. Crenshaw, and Leslie Seidman, […more]