Updates

Posted Wednesday, May 15, 2019

Navigating New Developments in Financial Reporting

The pace of regulatory developments in financial reporting has accelerated significantly. Standard setters and regulators have transformed both accounting standards and the format of financial reporting, resulting in vast changes to not only how accounting is recorded, but also how financial results are reported. Proper handling of these accounting and reporting changes is a key […more]

Posted Friday, May 10, 2019

SEC EDGAR Filer Manual (EFM) Draft Release Posted

The SEC published the draft EDGAR Filer Manual which includes the following XBRL-related topics: Filers will be able to include cover tags within any Inline XBRL document set for submission forms that permit Inline XBRL. EDGAR will warn filers if any required cover tags are missing, nil, or empty in 10-K, 10-K/A, 10-KT, 10-KT/A, 10-Q, […more]

Posted Wednesday, May 8, 2019

Q&A – SEC FAST Act

Does the rule require companies to tag cover pages for ALL 8-K, 10-K, and 10-Q filings from operating companies? For all 20F and 40F cover pages that are annual reports? Or just those with financials in them? Cover page tagging applies to all Forms 10-K, 8-K, 10-Q, 20-F and 40-F (for the last two forms, […more]

Posted Thursday, May 2, 2019

The Calcbench Insider: May 2019

In this issue:

• Lease Accounting… There’s More
• Capex spending, both up and down.
• Restructuring costs on the rise.
• Restructuring costs up close.
• When Amazon takes over the world.

Posted Wednesday, May 1, 2019

XBRL US Data Quality Committee Launches Public Review for 9th Ruleset

SEC filers, investors, XBRL providers encouraged to review and comment The XBRL US Data Quality Committee (DQC) has published its 9th Ruleset for a 45-day public review and comment period, which closes on June 15, 2019. In addition to expanding on many existing rules, the latest ruleset contains a new category of checks that evaluates […more]

Posted Tuesday, April 30, 2019

Public Exposure of Validation Rules & Guidance

The Data Quality Committee (DQC) currently seeks comment on version 9 of the DQC Rules for US GAAP and IFRS filings through Saturday, June 15, 2019. XBRL US Members and public company personnel can use our secure service to check their filings with approved and public exposure rules.

Get company-specific data quality results for SEC filings and review aggregated results for selected rules.

Posted Tuesday, April 16, 2019

SEC Requires XBRL Tagging of 8-K

In March 2019, the SEC adopted final amendments to its rules which On March 20, 2019, the SEC adopted final rule amendments, in connection with the FAST Act, which have expanded the scope of XBRL tagging requirements to the cover page of Forms 8-K, 10-Q, 10-K, 20-F, and 40-F (annual reports) using Inline XBRL. The […more]

Posted Tuesday, April 16, 2019

Novaworks News – April, 2019

In this issue: SEC Adopts FAST Act Simplification and Modernization of Regulation S-K SEC Releases EDGAR 19.1.1 SEC Proposes Offering Reforms for Business Development Companies and Registered Closed-End Funds SEC Staff to Hold Spring Fintech Forum on Distributed Ledger Technology and Digital Assets

Posted Tuesday, April 9, 2019

SEC Proposes XBRL for Business Development Cos (BDC) and Closed End Funds (CEF)

On April 9, 2019, the Securities and Exchange Commission posted to the Federal Register a proposal to require the use of structured data for: Business Development Companies (BDC) submitting financial statement information using Inline XBRL; BDCs and closed end funds (CEF) to include structured covered page information in their registration statements on Form N-2 using […more]

Posted Thursday, April 4, 2019

The Calcbench Insider: April 2019

In this issue:

• Our newest masterclass video is here.
• Where the spending goes.
• Adventures in taxes and net income.
• Taxes, Part II: trends in payments.
• Big movers in goodwill, intangible assets.