In this issue:
The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on July 29, 2019 during which municipal issuer disclosures was addressed, among other topics. XBRL US submitted a comment letter to the Committee, recommending the use of data standards to increase transparency and improve efficiencies in the municipal securities markets. Highlights […more]
FASB Chairman Russ Golden to keynote XBRL US Investor Forum.
Topics to be covered include blockchain, artificial intelligence, new reporting domains like municipal securities reporting, and more.
Posted this month: SEC Announces August 13 Meeting of Small Business Capital Formation Advisory Committee SEC Staff to Host Roundtable on Management of Public Companies and Other Regulatory Requirements SEC Announces Upcoming Events for Main Street Investors in Boston SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules
The CFA Institute published results from a survey of 160,000 investment professionals on whether quarterly reporting was too short a reporting internal. Results show no support. Excerpt from the blog: “There has long been a debate as to whether quarterly reporting is the appropriate interval. Is it too short? And does this time between reports […more]
In this issue:
XBRL US submitted a response to the White House Office of Management and Budget, in response to the Federal Data Strategy Year-1 Action Plan. The letter noted that to attain the long-term vision of the Federal Data Strategy to better govern and leverage the Federal Government’s data, requires developing and implementing a single cross-agency data […more]
June 2019 Legislative and Regulatory News GREAT Act Passes Senate Committee on Homeland Security & Government Reform FERC Adopts XBRL Standards for Utilities Reporting California State Assembly Committee Approves SB 598, Open Financial Statements Act SEC Publishes Concept Release to Harmonize Exempt Offerings SEC Updates EDGAR to Release 19.2, Publishes DEI Taxonomy U.S. Federal Data […more]
According to a report from the Financial Reporting Council’s Financial Reporting Lab (PDF), XBRL (eXtensible Business Reporting Language) will play a central role in the movement toward the digitalization of corporate reporting. And with regulators in over 60 countries using XBRL for corporate reporting, I agree with the report’s recommendation that regulators, companies and investors […more]
Posted this month: SEC Requests Public Comment on Ways to Improve the Exempt Offering Framework SEC Updates List of Firms Using Inaccurate Information to Solicit Investors Updated Application for First-time EDGAR Filers’ Form ID SEC Enhances Protections and Preserves Choice for Retail Investors Notice Regarding EDGAR Password Expiration Date SEC Releases EDGAR 19.2
The national consortium for
the business reporting standard
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