XBRL US Comment Letter RE: FERC Electric Transmission Incentives Policy

XBRL US submitted a comment letter responding to the Federal Energy Regulatory Commission (FERC) proposal regarding the scope and implementation of the Commission’s electric transmission incentives regulations and policy. The FERC proposal references form FERC-730, Report of Transmission Investment Activity, and asks if the data reported in this form should be provided in XBRL format. Public […more]


Navigating New Developments in Financial Reporting

According to a report from the Financial Reporting Council’s Financial Reporting Lab (PDF), XBRL (eXtensible Business Reporting Language) will play a central role in the movement toward the digitalization of corporate reporting. And with regulators in over 60 countries using XBRL for corporate reporting, I agree with the report’s recommendation that regulators, companies and investors […more]


FERC Adopts XBRL for Utilities Reporting

The Federal Energy Regulatory Commission (FERC) announced that they are adopting the XBRL standard for utilities reporting on Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714. The final rule states: “The use of XBRL will make the information in these forms easier for filers to submit and […more]


GREAT Act for Grants Reporting, Passes Committee on Homeland Security & Govt Affairs

The GREAT Act (H.R. 150, S. 1829) was passed by the Senate Committee on Homeland Security and Governmental Affairs. The bill will next go to the full Senate for a vote. The bill calls for the creation of government-wide data standards to be used by grants recipients, as noted in the section of the bill […more]


SEC News from Novaworks Software

Posted this month: SEC Requests Public Comment on Ways to Improve the Exempt Offering Framework SEC Updates List of Firms Using Inaccurate Information to Solicit Investors Updated Application for First-time EDGAR Filers’ Form ID SEC Enhances Protections and Preserves Choice for Retail Investors Notice Regarding EDGAR Password Expiration Date SEC Releases EDGAR 19.2


Communications & Services Steering Committee Meeting

12:00 PM ET Tuesday, July 16, 2019
XBRL US Web Conference
Email membership@xbrl.us to get involved

XBRL US Members are invited to get involved by attending this monthly meeting to discuss strategy and get updates on Committee workstreams. Learn more about XBRL US Steering Committees  Email membership@xbrl.us to get involved


SEC Publishes Concept Release to Harmonize Exempt Offerings

The SEC published a concept release on ways to ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital formation. One of the goals of the Commission is to facilitate a company’s ability to transition from one offering to another or to […more]


FAST Act Compliance: Cover Page Tagging for SEC Filers

3:00 PM EDT Wednesday, June 26, 2019
XBRL US Webinar
Register for FREE Webinar

Attend this one-hour session for a review of the SEC’s FAST Act rule which requires XBRL cover page tagging for Forms 10-Q, 10-K, 8-K, 20-F and 40-F.


Data Quality Certification

Does your tool or service provider incorporate the current version of approved XBRL US Data Quality Committee rules, and successfully run the rules on XBRL filings to produce expected results?

If not, why not? Finding and fixing issues identified prior to filing ensures a company’s data conforms to over 50 industry-developed, publicly-reviewed quality checks, and gives the markets a clear picture of company financials.

See real-time company-specific data quality filing results.


Q&A: Funds and Inline XBRL

Responses to these questions were developed through an informal discussion with staff from the U.S. Securities and Exchange Commission. Question: What is the Commission’s position on data points in bar charts? We assume that would require hidden facts such as DEI information. Today the risk/return summary charts must be tagged in table format in the […more]