When a project is bonded, the surety must be prepared to answer the call in the event subcontractors or vendors are not paid or project performance is not up to snuff. Data standards can ease that process for the principal, the obligee, and the surety.
The XBRL US Surety Working Group has developed a draft release of the Contractor Financials Taxonomy, which contains data standards to capture income statement and balance sheet information about contractors. The taxonomy was created by starting with an initial set of data standards contributed by Crowe LLP, a public accounting, consulting, and technology firm. The […more]
Notice Authorized Uses of this Document Copyright © 2019 XBRL US, Inc. All Rights Reserved The Contractor Taxonomy may be used by the public, royalty-free and may be incorporated without change in other works that comment on, explain, or assist in the use or implementation of the XBRL US Contractor Taxonomy. To that end, this […more]
This tool will allow you to convert an Excel spreadsheet into an XBRL instance document. You will need a preformatted Excel spreadsheet that contains the data you wish to report and the Taxonomy DTS. To prepare a WIP report for the SBA Surety Guarantee program, download the SBA WIP Template posted below. To prepare a […more]
Regulators know that to compete effectively for funds in international capital markets requires transparency and accessibility in data reported by their home country issuers. Data standards make that happen.
Learn more from the team at DFIN.
The gruesome (and grueling) days of painful re-keying of data may be coming to an end. Could data standards be the magic bullet? The National Association of Surety Bond Producers (NASBP) has been touting the value of financial data standards for several years now. Why data standards? Because they are a proven tool to eliminate […more]
SEC Commissioner Kara Stein gave an address to the Council of Institutional Investors named “Improving Information for Investors in the Digital Age”. Here are some notable quotes from the Commissioner: …Just a few weeks ago, a group of institutional investors, asset managers, state treasurers, and others petitioned the SEC. They asked the Commission to require […more]
SEC Launches Strategic Hub for Innovation and Financial Technology (FinHub). The FinHub will serve as a resource for public engagement on the SEC’s FinTech-related issues and initiatives, such as distributed ledger technology (including digital assets), automated investment advice, digital marketplace financing, and artificial intelligence/machine learning. FinHub activities include: 1) Provide a portal for industry and the public […more]
This Taxonomy was developed as part of the U.S. Department of Energy Solar Energy Technologies Office-funded Orange Button SM program, that aims to make it easier to aggregate and share solar data, facilitating more efficient and cost-effective financing of distributed energy projects. SunSpec Alliance heads the Orange Button project team that is tasked with establishing […more]
Investors, solar developers, software providers encouraged to participate SAN FRANCISCO–(BUSINESS WIRE)–SunSpec Alliance and XBRL US announced today the start of a second 30-day public review period for the Orange Buttonsm data standards for solar financing. The digital dictionary of terms, called a taxonomy, was developed through Orange Button which is a U.S. Department of Energy Solar Energy Technologies […more]