Participate in the Public Review & Comment period for data elements to comply with the Digital Accountability and Transparency Act (DATA Act), establishing government-wide financial data standards to increase the availability, accuracy, and usefulness of federal spending information. The federal government seeks input to that process from all stakeholders.
XBRL US is pleased that the U.S. House of Representatives did not pass H.R. 37 “Promoting Job Creation and Reducing Small Business Burdens Act” in its current form, under suspension of the rules on January 6, 2015. The Act included provisions that would exempt companies with revenue under $250 million from filing in XBRL format. The aim of the bill was to reduce public company costs, however a study by the AICPA and XBRL US shows that an XBRL exemption would result in savings of only $10,000 per year for most small reporting companies. Additionally, the unintended consequence of the XBRL exemption would be to raise the cost of capital for small companies versus large by making it more expensive for investors to extract and analyze small company data.
The third annual XBRL Data Forum will be held in the Seattle area September 15-17, 2014 at the Hyatt Regency in Bellevue. Regulators from across the globe, including the U.S. Securities & Exchange Commission (SEC), have mandated XBRL as the required electronic reporting format. Additionally, the Digital Accountability and Transparency Act (DATA) was signed into […more]
XBRL US announced today that it will hold two events this Fall in Bellevue, Washington, as part of its annual National Conference. A 2 ½ day conference, Current Developments in XBRL Financial Reporting for SEC filers, September 15-17, will focus on public company accounting professionals; the XBRL Data Forum, a one-day workshop to be held […more]
Program to Feature Technology and Financial Experts XBRL US, the nonprofit consortium for XBRL reporting today announced topics and speakers in its free webinar series to educate and inform potential contestants in the XBRL Challenge, a contest for developers to build the next great analytical application that consumes XBRL SEC data.Entrants to the XBRL Challenge […more]
Attend to learn rules, criteria and tools for contestants What: The XBRL Challenge is a contest to build the best open source analytical application that consumes XBRL (eXtensible Business Reporting Language) data from the Securities and Exchange Commission (SEC) EDGAR system.Over 8,800 public companies now report their financial statements in XBRL format and the Challenge […more]
XBRL US makes technical expertise, XBRL database and high-level normalization available to contestants XBRL US announced today the kickoff of the 2nd annual XBRL Challenge, a contest to discover the top open source analytical tools that can mine XBRL-formatted corporate financial data from the SEC’s EDGAR database.The contest will award a $20,000 Grand Prize to […more]
Features SEC keynote, financial technology panels plus XBRL Challenge contest award NEW YORK, March 1, 2012 /PRNewswire/ — Listen to the webcast replay of the “XBRL and Financial Analysis Technology Conference” which was held yesterday, February 29, 2012 at Baruch College, Zicklin School of Business in New York City. This webcast is courtesy of PR […more]
Developer team behind Calcbench takes top prize with open source app NEW YORK, Feb. 29, 2012 /PRNewswire/ — Calcbench, an open source application that consumes corporate XBRL data and performs comparative analytics, was named the $20,000 Grand Prize winner of the XBRL Challenge, a contest for developers to build the most inventive and useful application […more]
XBRL US, the national consortium for XBRL business information reporting, announced today that it will be holding two free XBRL Challenge Webinars to provide entrants to the XBRL Challenge contest and other developers with insights into working with XBRL data.The first webinar, on December 8, 2011 will provide an interview with Christine Tan, formerly XBRL […more]
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