Updates

Posted Monday, September 17, 2018

CFA Institute Publishes Position Paper: Data and Technology

The CFA Institute publication Data and Technology: Transforming the Financial Information Landscape discusses the benefits of structured data to all parties in the financial reporting supply chain, including companies, auditors, regulators, and investors. This paper addresses the consumption of that structured data, including which data are available and how data are being consumed, and refutes the claim […more]

Posted Thursday, September 13, 2018

XBRL US Comments on Government Effectiveness Advanced Research (GEAR) Center

XBRL US comments on Government Effectiveness Advanced Research (GEAR) Center, a proposed public/private partnership, “re-imagining possibilities for how citizens interact with the Government; rethinking the delivery of citizen services and data; reforming core processes.”

Posted Thursday, September 6, 2018

The Calcbench Insider: September 2018

In this issue:

• Leasing Costs Extravaganza
• Q&A on Financial Data Quality
• Geeking Out on the Filings
  Cost of revenue and SG&A update Q2
  Who is exposed to Turkey?

Posted Friday, August 31, 2018

SEC Emphasizes Data Quality in EDGAR Release 18.3

The SEC has released a draft of the EDGAR Filer Manual (EFM) to reflect changes in the new EDGAR Release 18.3 which is scheduled to be published October 1, 2018. An update to the EFM test suite will be published soon with new test cases. While a number of changes have been made to the […more]

Posted Friday, August 31, 2018

Newsletter for the Business Reporting Standard

July/August 2018 Regulatory and Legislative News SEC EDGAR Upgraded to Release 18.2, Now Supports IFRS Taxonomy XBRL US News XBRL US Data Quality Committee Announces the Public Review of the 7th Ruleset XBRL US State & Local Govt Working Group Sends Letter to SEC Investor Advisory Committee AICPA Study Demonstrates that XBRL Costs Declined 45% […more]

Posted Monday, August 20, 2018

XBRL US Data Quality Committee Solicits Input on 7th Ruleset and Guidance for SEC Filers

The Data Quality Committee is soliciting input on the 7th Data Quality Ruleset during a public review and comment period that will end on September 10, 2018.

Posted Friday, August 17, 2018

SEC Final Rule on Disclosure Update and Simplification

The Securities and Exchange Commission (SEC) finalized their rule on Disclosure Update and Simplification. The rule proposal was introduced on July 13, 2016 and XBRL US submitted a comment letter. A review of the final rule indicates that there are no near-term changes to what is required to be XBRL tagged by issuers. There are […more]

Posted Tuesday, August 14, 2018

The Future is NOW

The inline XBRL specification has been in widespread use around the world for years. The SEC’s recent decision to adopt inline filing as a requirement brings significant benefits for all stakeholders and challenges for companies that have not yet mastered the craft of digital financial storytelling.

Posted Tuesday, August 14, 2018

Point of View

The Future is NOW

David Tauriello, Vice President, Operations, XBRL US
The inline XBRL specification has been in widespread use around the world for years. The SEC’s recent decision to adopt inline filing as a requirement brings significant benefits for all stakeholders and challenges for companies that have not yet mastered the craft of digital financial storytelling.

Posted Friday, July 27, 2018

XBRL US Comment on Commerce Dept Cross Agency Priority Goal: Leveraging Data as a Strategic Asset

XBRL US submitted a letter responding to a U.S. Commerce Department request for comments on the Cross Agency Priority Goal: Leveraging Data as a Strategic Asset. The Commerce Department notice seeks comment on best strategies and processes for achieving this CAP goal. The Request for Comments seeks input on a 4 part strategy to: Manage government data […more]