News from XBRL International

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

From the Federal Register


The latest for and from Governments

Posted Thursday, December 6, 2018

Point of View

The right tools for when it absolutely, positively, has to be done right.

Preparing a perfect turkey is critical for a successful Thanksgiving. Preparing quarterly financial statements is another activity where “getting it right” is critical. The risk of mistakes has significant downsides, ranging from SEC sanction to negatively affecting your company stock price.


Posted Wednesday, December 5, 2018

Newsletter for the Business Reporting Standard

November/December 2018 Regulatory and Legislative News SEC Publishes List of Rules to be Reviewed Including XBRL Requirement Rules SEC Posts Draft EDGAR Manual, Effective December 17, 2018 SEC Staff Finds IFRS Filings Have Higher Custom Tag Rates Than US GAAP Filings SEC Proposes Rule on Variable Annuity Referencing Inline XBR SEC Commissioner Kara Stein Speech […more]


News Item

Posted Monday, December 3, 2018

SEC Posted Request For Comment on Collection of Interactive Data

The Securities and Exchange Commission (SEC) posted a request for comment on the proposed collection of interactive data. Comments are due January 25, 2019.  In the Request for Comment, the SEC states “We estimate that 10,229 respondents per year will each submit an average of 4.5 responses per year for an estimated total of 46, […more]


News Item

Posted Monday, December 3, 2018

Forbes Article “The Four Letters Transforming the Municipal Bond Market and Govt Financing”

Barnet Sherman of Neighborly authors “The Four Letters Transforming the Municipal Bond Market and Government Financing”  in Forbes on XBRL for municipal reporting. Read the article.    


News Item

Posted Monday, December 3, 2018

White Paper: XBRL US Center for Data Quality, an industry initiative for the common good

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.


News Item

Posted Monday, December 3, 2018

XBRL US Letter re: SEC Rule Proposal on Financial Disclosures About Guarantors & Issuers of Guaranteed Securities

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.


Posted Friday, November 30, 2018

Data Quality Certification

The applications linked below have been reviewed and found to: incorporate the set of approved XBRL US Data Quality Committee rules, as noted next to each application, and successfully run the rules on XBRL filings to produce expected results. The latest approved version of the DQC rules and guidance validations is 7, supporting US GAAP […more]


News Item

Posted Tuesday, November 27, 2018

SEC Publishes Rules To Be Reviewed Per Regulatory Flexibility Act Including XBRL Requirements

On November 27, 2018, the SEC published in the Federal Register, a “List of Rules to Be Reviewed Pursuant to the Regulatory Flexibility Act”. Included in the list of rules to be reviewed are the rules requiring the use of XBRL for public companies, mutual funds and credit rating agencies. Comments are due by December […more]


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Posted Monday, November 26, 2018

XBRL US Submits Comment Letter RE: SEC Municipal Conference

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) related to their December 6, 2018 conference, The Road Ahead: Municipal Securities Disclosures in an Evolving Market. Our letter explained the work of the XBRL US State & Local Working Group to develop financial data standards for municipal reporting and urged the […more]


News Item

Posted Monday, November 26, 2018

SEC Posts Request for Comment on Proposed Collection of XBRL Data

The Securities and Exchange Commission (SEC) posted a request for comment on the proposed collection of interactive data. Comments are due back within a 60 day window, ending January 25, 2019. Specific questions are asked on: (a) Whether this proposed collection of information is necessary for the proper performance of the functions of the agency, […more]


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