News from XBRL International

From the News from the SEC's Office of Structured Disclosure

From the Federal Register


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News

Posted Friday, March 27, 2020

SEC Publishes Draft 2020 DEI Taxonomy for Public Review

The SEC published the draft DEI Taxonomy, 2020 update, for a public review and comment period ending May 27, 2020. Comments on the draft 2020 update to the DEI taxonomy should be sent via email to StructuredData@sec.gov using “Draft 2020 DEI Taxonomy” as the subject of the email. Access the taxonomy:  https://www.sec.gov/structureddata/osddrafttaxonomyfiles Read the announcement: https://www.sec.gov/structureddata/announcement/osd-announcement-032720-draft-2020-dei-taxonomy


Posted Thursday, March 26, 2020

SEC on Availability of FASB Implementation Guides

The SEC announced the availability of FASB Implementation Guides covering the following topics: Accounting Changes Financing Receivable and Current Expected Credit Loss Disclosures Insurance—Long-Duration Contracts Leases under Topic 842 Retirement Benefits—Phase 3 Revenue from Contracts with Customers (Including Statement Presentation of Revenue and Cost of Revenue) Read the announcement. Access the guides.  


News

Posted Wednesday, March 25, 2020

SEC Final Rule on Accelerated and Large Accelerated Definitions, New Cover Page Checkbox

The new rule changes the definition of accelerated and large accelerated filers, and requires a new check box to be added to the cover page of 10-Ks, 20-Fs, and 40-Fs, which must be tagged in Inline XBRL.


News

Posted Monday, March 23, 2020

SEC Amends Reg NMS, Proposes New Form CC

Amendments introduce a decentralized consolidation model which will allow competing consolidators to collect and disseminate market quote and transaction data. The rule also proposes alternatives including the use of Inline XBRL for new Form CC, which includes general and business information, services and fees, as well as operational capability information. Comments are due by June 24, 2020.


Posted Monday, March 16, 2020

XBRL US Comments on SEC Resource Extraction Payments Proposal

Cites goal of providing more information to global markets, and holding governments accountable for management of oil, gas, and mineral resources.


Posted Thursday, March 12, 2020

SEC Adopts iXBRL for Variable Annuity & Life Insurance, Publishes Draft Taxonomy

Amendments require the use of Inline XBRL for certain required disclosures in the variable contract statutory prospectus. In addition, the SEC published a draft Variable Insurance Product (VIP) Taxonomy which has been posted for a 90-day public review.


News

Posted Tuesday, March 10, 2020

XBRL US Comments Prior to SEC Muni Conference “Spotlight on Transparency”

XBRL US submitted a comment letter to the Securities and Exchange Commission’s Office of Municipal Disclosures in advance of their scheduled conference “Spotlight on Transparency: A Discussion of Secondary Market Municipal Securities Disclosure Practices”. The XBRL US letter advocated for the use of data standards for state and local government reporting and asked that the […more]


Posted Monday, March 9, 2020

XBRL US CAFR Taxonomy Released with New Statements, Schedules and Footnotes

Now includes Single Audit Report schedules for municipalities and other federal grantees XBRL US announced today the public review of the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy, which now includes seven financial statements, two footnotes, and two schedules from the Single Audit Report. The taxonomy will be published for a […more]


Posted Monday, March 2, 2020

February, 2020 Newsletter

February, 2020 XBRL continues to gain traction in regulatory and government reporting. On the SEC filing front, the FASB has incorporated XBRL US DQC rules into the 2020 US GAAP Taxonomy which is a big win for data quality. Separately, XBRL US submitted a comment letter on the SEC’s proposal that XBRL be required for […more]


News

Posted Tuesday, February 25, 2020

XBRL US Comments on SEC Proposal: Filing Fee Disclosure & Payment Methods Modernization

XBRL US submitted a comment letter weighing in on the SEC proposal that fees and calculation tables in fee-based tables be prepared in Inline XBRL format. XBRL US supports the proposal and agrees with the Commission that structuring fee data will improve the efficiencies of the fee validation process for SEC staff, and will increase […more]


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