SEC Updates Interactive Data Test Suite

The SEC has updated their interactive data test suite which can be found here. Read the release.

SEC Edgar Filer Manual with Changes Related to Inline XBRL

On March 11, 2019, the following changes will be made to the EDGAR Filer Manual as part of EDGAR Release 19.1 related to Inline XBRL: The list of submissions that allow the primary document to be in iXBRL format is expanded to include submission form types S-1, S-1/A, S-1MEF, S-3, S-3/A, S-3ASR, S-3D, S-3DPOS, S-3MEF, […more]

XBRL US Comments on SEC List of Rules Including XBRL Requirements

XBRL US has submitted a comment letter responding to the SEC request for comment on the List of Rules to be Reviewed Pursuant to the Regulatory Flexibility Act. The Regulatory Flexibility Act requires a 10-year review of rules that may impact small businesses. Rules included in the list pertaining to XBRL are: Interactive Data to […more]

SEC Posted Request For Comment on Content, Nature & Timing of Earnings Disclosures

Today, the SEC published a request for comment on the nature, content, and timing of earnings releases and quarterly reports made by reporting companies, with an eye towards reducing the burden on public companies while at the same time enhancing the value of the disclosures to investors. Areas they seek to address include: The nature […more]

IFRS Taxonomy Public Review Launched, Ends February 2, 2019

The IASB has published a Proposed IFRS Taxonomy Update: General Improvements, with a 60 day comment period ending on February 4, 2019. Materials related to the draft taxonomy are available from Project News or the IFRS project webpage including: 20 minute webcast that provides a high level summary of the project and its proposals (accessed […more]

SEC Commissioner Stein Remarks at Municipal Securities Disclosure in an Evolving Market Conference

In a speech to the Institute of Chartered Accountants in England and Wales, SEC Commissioner Kara Stein reiterated SEC support for inline XBRL as a means to improve the quality of structured data for investors.

SEC Posted Request For Comment on Collection of Interactive Data

The Securities and Exchange Commission (SEC) posted a request for comment on the proposed collection of interactive data. Comments are due January 25, 2019.  In the Request for Comment, the SEC states “We estimate that 10,229 respondents per year will each submit an average of 4.5 responses per year for an estimated total of 46, […more]

SEC Publishes Rules To Be Reviewed Per Regulatory Flexibility Act Including XBRL Requirements

On November 27, 2018, the SEC published in the Federal Register, a “List of Rules to Be Reviewed Pursuant to the Regulatory Flexibility Act”. Included in the list of rules to be reviewed are the rules requiring the use of XBRL for public companies, mutual funds and credit rating agencies. Comments are due by December […more]

SEC Staff Find IFRS Filers Have Higher Custom Tag Rate Than US GAAP Filers

Staff in the Securities and Exchange Commission’s Division of Economic Risk and Analysis (DERA) analyzed XBRL submissions by IFRS filers to review custom tag rates. The purpose of the analysis was to determine whether IFRS filers, in their first year of required XBRL submissions, were being consistent in their use of custom tags with other […more]

SEC Posts Draft EDGAR Filer Manual

The Securities and Exchange Commission has posted a draft EDGAR manual. The changes outlined in the draft manual, if approved, are scheduled to take effect on December 17, 2018 and January 28, 2019 for non-rule based changes or on the rule effective date for changes related to SEC rules. See SEC Final Rules posted on […more]