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Posted Tuesday, December 1, 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.

Posted Tuesday, December 1, 2020

SEC ESG Subcommittee of the Asset Management Advisory Committee Advocates Standards

The Securities and Exchange Commission’s Asset Management Advisory Committee published on December 1, 2020, the potential recommendations of its ESG (Environmental Social Governance) Subcommittee which focused on the adoption of standards for disclosures from issuers and for ESG investment products: Recommendations Regarding Issuer Disclosure of ESG Risks: The SEC should require the adoption of standards […more]


Posted Thursday, November 19, 2020

SEC Adopted Final Rule on MD&A – Opts Not to Require Structured Data

On November 19, the Securities and Exchange Commission adopted the final rule Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information. The final amendments do not require registrants to structure disclosures required by the amendments in a machine-readable format as we proposed in the XBRL US comment letter submitted. Our comment letter suggested […more]

Posted Tuesday, November 17, 2020

SEC Commissioner Lee “The Promise of Structured Data” at XBRL US Investor Forum

SEC Commissioner Allison Herren Lee gave a keynote presentation “The Promise of Structured Data: True Modernization of Disclosure Effectiveness” at the XBRL US Investor Forum: Ready for Anything – Using Data in Perilous Times.  Her speech focused on the importance of data quality (and notes the contribution to quality improvements made by the XBRL US […more]

Event date - Tuesday, December 15, 2020

Webinar: Automating Sustainability Data with XBRL

Hear from the Sustainability Accounting Standards Board (SASB), Wells Fargo Asset Management, Novo Nordisk and Telefonica, about the value of machine-readable ESG data for investment decisions.