Updates

Posted Friday, September 8, 2023

XBRL US Comments on SEC Share Repurchase Taxonomy

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) with observations and questions related to the Share Repurchase Taxonomy which was developed to support implementation of the final rule, Amendments to Modernize Share Repurchase Disclosure. Our letter raises issues around the SHR Taxonomy including the use of shared taxonomies, parent-child relationships, […more]

Posted Tuesday, September 5, 2023

Newsletter for the Reporting Standard of Business and Government

August 2023 Mark Funkhouser to Keynote GovFin 2023: Empowering Governments, Modernizing Reporting, to be held in Washington, DC on November 9, 2023. The former mayor of Kansas City, Missouri, and internationally recognized auditing and municipal finance expert, author, and teacher in public administration, will share his insights at GovFin 2023. In a recent article, Mark […more]

Posted Thursday, August 31, 2023

XBRL US Comments on SEC Proposed Collection: Rule 17g-1 and Form NRSRO

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to its Request for Comment on the Proposed Collection on Rule 17g-1 and Form NRSRO. The letter suggested that the SEC transition Form NRSRO to XBRL-CSV to satisfy requirements of the Financial Data Transparency Act (FDTA) and to leverage the […more]

Posted Friday, August 25, 2023

XBRL US RMWG Comments on RXD Taxonomy

The XBRL US Regulatory Modernization Working Group (RMWG) submitted a letter to the Securities and Exchange Commission (SEC) providing feedback on the RXD Taxonomy which was developed to support the SEC final rule, Disclosure of Payments by Resource Extraction Issuers. The letter suggested that the SEC consider allowing filers to prepare their submissions in support […more]

Posted Friday, August 25, 2023

XBRL US RMWG Seeks Further Information from SEC on EDGAR BETA Testing for Filing Fee Modernization

The XBRL US Regulatory Modernization Working Group (RMWG) submitted a letter to the Securities and Exchange Commission (SEC) requesting additional information about the upcoming EDGAR BETA Test which is being established to support the Filing Fee Disclosure and Payment Methods Modernization final rule. The letter notes that the working group greatly appreciates the plan to […more]

Posted Wednesday, August 16, 2023

XBRL US RMWG Input to SEC Taxonomy Development Approach and Rule Implementation

The XBRL US Regulatory Modernization Working Group (RMWG) submitted a letter to the Securities and Exchange Commission (SEC) with recommendations on the SEC’s approach to taxonomy development. There has been a significant increase in the number of final and proposed rules published by the SEC over the past few years which contain structured data requirements.  […more]

Posted Tuesday, August 1, 2023

August 2023 Newsletter

July 2023 XBRL US announced GovFin 2023: Empowering Governments, Modernizing Reporting, to be held in Washington, DC on November 9, 2023. This one-day conference features speakers from the Data Foundation, the Federal Energy Regulatory Commission (FERC), the Global LEI Foundation (GLEIF), the Municipal Securities Rulemaking Board (MSRB), the Securities and Exchange Commission (SEC), The Cato […more]

Posted Wednesday, July 26, 2023

SEC Final Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure

Securities and Exchange Commission (SEC) published the final rule for Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, requiring periodic disclosures about a registrant’s processes to assess, identify, and manage material cybersecurity risks, management’s role in assessing and managing material cybersecurity risks, and the board of directors’ oversight of cybersecurity risks. Lastly, the final rules […more]

Posted Monday, July 17, 2023

SEC Publishes Draft Share Repurchase Taxonomy

The Securities and Exchange Commission published the draft 2023 Share Repurchase (SHR) Taxonomy which will be used to support the SEC final rule on Share Repurchase Disclosure Modernization. The rule requires issuers to tag the information disclosed pursuant to Items 601 and 703 of Regulation S-K, Item 16E of Form 20-F, Item 14 of Form […more]

Posted Thursday, July 13, 2023

Approved Validation Rules

Version 21.0.9 – Updated September, 2023

The Data Quality Committee approved version 21 of freely-available rules and guidance in July. There are now 114 automated checks helping US GAAP and IFRS filers detect and resolve inconsistencies or errors in XBRL-formatted financials before submission to the Securities and Exchange Commission.

View company-specific data quality filing results and aggregated results for selected rules, or check your filing with the latest DQC Rules.