Updates

Posted Wednesday, July 19, 2017

XBRL US Data Quality Committee Announces Cash Flow Guidance & 5th RuleSet in Public Review

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.

Posted Wednesday, July 19, 2017

Public Exposure of Guidance & Validation Rules

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.

Posted Thursday, July 13, 2017

Calcbench Newsletter (July 2017)

In this issue:

• Sector in focus: Gift card revenue in retail
• Mentioning Trump Administration in risk factors
• New reporting technology catching on

Posted Friday, July 7, 2017

XBRL US Supports Standards to Modernize Industry Guide 3 Requirements for Bank Holding Companies

XBRL US comment letter supports the use of standards for Industry Guide 3 disclosures by bank holding companies as outlined in SEC proposal.

Posted Tuesday, June 13, 2017

Calcbench Newsletter (June 2017)

In this issue:

• Employee severance costs, 2014-2017
• Gleaning intelligence on Hulu’s finances
• SEC speaks on new revenue standard

Posted Monday, June 5, 2017

Newsletter for the Business Reporting 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]

Posted Sunday, May 28, 2017

XBRL US Paper: Reduce Company Burden, Cut Govt Spending

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]

Posted Tuesday, May 16, 2017

XBRL Comment Supports SEC Proposal for Inline XBRL by Operating Companies & Mutual Funds

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.

Posted Thursday, May 4, 2017

Calcbench Newsletter (May 2017)

In this issue:

• Goodwill impairment turns around
• Leasing costs in the Internet sector
• Patterns in deferred revenue, 2011-2016

Posted Friday, April 28, 2017

XBRL US Opposes XBRL Exemption in Financial CHOICE Act (Letter to HFSC)

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.