Updates

Posted Thursday, August 26, 2021

SEC Commissioner Crenshaw and Former FASB Chairperson Seidman to Keynote XBRL US Investor Forum 2021

XBRL US announced today that the annual XBRL US Investor Forum 2021: Data that Delivers, will feature two keynote speakers, Commissioner Caroline A. Crenshaw of the United States Securities and Exchange Commission; and Independent Corporate Director and former FASB Chairperson, Leslie F. Seidman. This year’s virtual forum, which will take place on November 10, 2021, […more]

Posted Friday, August 20, 2021

SEC Announced Open Data Access Enhancements

The Securities and Exchange Commission (SEC) made an announcement today concerning enhancements to open data access including a new API that allows users to aggregate XBRL financial data. Read the release. Access the documentation.

Posted Tuesday, August 3, 2021

July, 2021 Newsletter

July, 2021 The Securities and Exchange Commission (SEC) announced an ambitious schedule in their Spring 2021 UnifiedAgenda of Regulatory and Deregulatory Actions. The announcement outlines both proposed and final rules for thisFall and Spring 2022. Rules coming out in October most likely to impact the XBRL community, as well as issuers,include a final rule for […more]

Posted Wednesday, July 7, 2021

June, 2021 Newsletter

June, 2021 SEC announced tools and programs to support issuers, XBRL application providers, and data users. On June 22, the Commission announced its intent to conduct a test pilot program to support the planned roll-out of the final rule Securities Offering Reform for Closed-End Investment Companies. This is an important development that will help issuers […more]

Posted Tuesday, June 1, 2021

May, 2021 Newsletter

May, 2021 Financial Transparency Act (FTA) reintroduced to 117th Congress. This important bill, if passed, calls for eight financial regulatory agencies to require data standards for their reporting entities. The FTA was reintroduced on May 4, 2021, as H.R. 2989 by co-sponsors Carolyn Maloney (D-NY) and Patrick McHenry (R-NC). Agencies named in the bill include […more]

Posted Thursday, May 6, 2021

The Calcbench Insider: May 2021

In this issue:

• non-GAAP adjustments
• executive compensation
• Rite Aid Corp. and negative goodwill
• corporate income taxes

Posted Monday, May 3, 2021

April, 2021 Newsletter

Sustainability and climate issues remain in the headlines in the US and Europe. US Treasury Secretary Janet Yellen gave a compelling speech this month outlining Treasury’s “whole-of-government” approach to climate change, emphasizing the importance of ESG data, and Treasury’s intent to work with the Securities and Exchange Commission (SEC) to ensure an effective approach to […more]

Posted Friday, April 2, 2021

March, 2021 Newsletter

March, 2021 Corporate sustainability takes center stage for both industry and regulators. March was a busy month for those interested in climate and other ESG topics. The Sustainability Accounting Standards Board (SASB) published its draft XBRL Taxonomy, which represents ESG metrics for 77 industry groups. XBRL US’ Domain Steering Committee reviewed and provided feedback to […more]

Posted Monday, March 1, 2021

February, 2021 Newsletter

February, 2021 SEC EDGAR System supports XBRL US DQC rules. In its draft EDGAR Filer Manual (Volume II), the Commission announced that EDGAR Release 21.1 will support XBRL US Data Quality Committee (DQC) rules in the US GAAP Taxonomy Release 2021, noting: EDGAR will support new data quality-enhancing checks included by FASB in the US-GAAP […more]

Posted Tuesday, February 2, 2021

January 2021 Newsletter

January, 2021 Momentum around sustainability reporting continues to grow in 2021. Climate change and sustainability reporting is a critical topic this year. The incoming Biden administration has expressed a greater focus on environmental issues. And the current acting SEC Chair Allison Herren Lee has been outspoken in support of greater standardization for ESG data. In […more]