April, 2022 The XBRL US ESG Working Group announces publication of machine-readable corporate sustainability data. The working group, which is responsible for the paper, Supporting ESG Data with Standards, worked closely with Etsy, the company that operates two-sided online marketplaces matching millions of buyers and sellers around the world, and with Moody’s Corporation, the parent […more]
March, 2022 Environmental issues remain in the headlines! The SEC has published their long-awaited rule proposal on climate, Enhancement and Standardization of Climate-Related Disclosures, and conducted a special hearing to discuss and vote. The proposal, which passed by a vote of 3-1, establishes requirements for domestic and foreign registrants to disclose certain climate-related information in […more]
By David Tauriello, Vice President of Operations, XBRL US “… consistency is the hobgoblin of little minds … ” -Ralph Waldo Emerson As Emerson suggested, consistency in thought can limit imagination and innovation – consistency in data is a different story altogether. In the last six months, the global financial data environment has seen an […more]
February, 2022 More rule proposals with structured data requirements from the SEC. This month the Securities and Exchange Commission published two new proposals that contained structured data requirements, both with comment period due dates of April 22, 2022. Cybersecurity Risk Management for Investment Advisors, Registered Investment Companies, and Business Development Companies proposes that registered investment […more]
January, 2022 XBRL US commented on FERC data collection of Forms 6 and 6-Q. Both forms are now required to be reported in XBRL format which renders the data machine-readable, improving the ability of the Commission to perform audits and reviews, and conduct research. It also enhances the usefulness of the data for the public […more]
December, 2021 2022 promises to be an exciting year for the XBRL community with new structured data programs coming online from U.S. based public utilities reporting to the Federal Energy Regulatory Commission (FERC), European and UK companies filing through the European Securities Markets Authority (ESMA), and local Florida government entities reporting in XBRL to the […more]
November, 2021 SEC Commissioner Caroline A. Crenshaw addressed “The Lessons of Structured Data” in her speech at the November 10 XBRL US Investor Forum: Data that Delivers, noting “…XBRL requirements [have] allowed EDGAR to provide machine-readable data that have improved transparency in a number of ways… XBRL has enabled automatic processing and analysis by software […more]
October, 2021 New speakers added to the XBRL US Investor Forum: Data that Delivers. Experts from William Blair Investment Management, Sustainability Accounting Standards Board (SASB), Moody’s Investor Service, and more have joined the speaker lineup at this year’s half-day forum. Keynote speakers at the 2021 event include SEC Commissioner Caroline A. Crenshaw, and Leslie Seidman, […more]
The Federal Government and individual agencies are rapidly recognizing the value of structured data. Recent legislation and regulatory actions show the increasing call to treat data as a strategic asset and embrace standardization to safeguard decision-useful data. Congressional Budget Justification Transparency Act of 2021 Signed by President – Requires Agencies to Post Budget Materials in […more]
August, 2021 SEC Commissioner Caroline Crenshaw and Independent Corporate Director, former FASB Chair, Leslie Seidman to keynote XBRL US Investor Forum: Data that Delivers. The half-day, virtual event, to be held on November 10, will feature case studies and demonstrations of how machine-readable data has changed the analytics dynamic for investors, corporate financial planners, researchers, […more]
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