XBRL US announced the start of its fifth public exposure period for guidance and rules developed by the Data Quality Committee (DQC), which is funded through the Center for Data Quality. The Committee is responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC and focuses on data quality issues that adversely affect data analysis.
News from XBRL International
- IFRS Releases Updated Business Rules - July 28, 2017
- Unit Registry Updated - July 28, 2017
- State of Indiana takes first steps towards SBR - July 28, 2017
- Catching Out the Fraudsters - July 28, 2017
- EIOPA Publishes the Final Taxonomy version 2.2.0 - July 28, 2017
- Negative Values - July 20, 2017
- Financial Statement and Notes Data Set - July 20, 2017
- Taxonomy Updates, July 17, 2017 - July 17, 2017
- FAQs on the IFRS Taxonomy and Updates to FAQs on Inline XBRL - April 27, 2017
- Level 4 Tagging - April 3, 2017
From the Federal Register
- Adoption of Updated EDGAR Filer Manual - July 28, 2017
- Adoption of Updated EDGAR Filer Manual - March 31, 2017
- Inline XBRL Filing of Tagged Data - March 17, 2017
- Exhibit Hyperlinks and HTML Format - March 17, 2017
- Request for Comment on Possible Changes to Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) - March 7, 2017
In concurrent public exposure periods of rules and guidance for public company filers, the Data Quality Committee seeks comment on the materials through Tuesday, August 15, 2017 and Tuesday, September 5, 2017. XBRL US Members and public company personnel can use our secure service to check their filings with approved and public exposure rules.
Register for webinar on Cash Flows Guidance Wed, Aug 2 @ Noon EDT.
In this issue:
- Sector in focus: Gift card revenue in retail
- Mentioning Trump Administration in risk factors
- New reporting technology catching on
XBRL US comment letter supports the use of standards for Industry Guide 3 disclosures by bank holding companies as outlined in SEC proposal.
In this issue:
- Employee severance costs, 2014-2017
- Gleaning intelligence on Hulu’s finances
- SEC speaks on new revenue standard
June 2017 Regulatory & Legislative News FASB Publishes Invitation to Comment on Effectiveness of US GAAP Financial Reporting Taxonomy SEC Extends Deadline for Comment Letters on Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) XBRL US News XBRL Achievements Program Helps Identify XBRL Skillsets New Case Study Published: How Little Companies Get Big, […more]
XBRL US position paper published “Reduce Company Burden, Cut Government Spending – Standardize Financial Data Reporting Requirements” which recommends adopting the freely available, open XBRL data standard for all financial data reporting required by U.S. regulators. Only the XBRL standard has 1) the appropriate format to render data computer-readable; 2) the appropriate information component to […more]
XBRL US submits comment letter supporting the SEC proposal on transitioning operating companies and mutual funds to Inline XBRL and provides feedback on challenges that should be considered when setting timing for the start date of the proposal.
In this issue:
- Goodwill impairment turns around
- Leasing costs in the Internet sector
- Patterns in deferred revenue, 2011-2016
XBRL US strongly opposes Section 411 of Subsection C of Title IV in the Financial CHOICE Act, a provision to exempt small companies from XBRL filing and which will have significant negative repercussions on both Wall Street and Main Street. Read the XBRL US argument on Section 411 in a letter to the House Financial Services Committee.