June, 2020 XBRL US CEO blogs about “Single audit, data standards and the GREAT Act”. President and CEO Campbell Pryde explains the importance of understanding all the facts behind how Single Audit reports are prepared today, and how data standards required in the GREAT Act are designed to improve the process for grantees, auditors, government […more]
Posted this month: SEC Adopts Amendments to Improve Financial Disclosures about Business Acquisitions and Dispositions Reminder for Filers Who Obtain EDGAR Access Pursuant to Temporary Final Rule 10(c) New York Regional Office to Host Educational Call for Investors on Avoiding COVID-Related Fraud SEC Extends Relief for Virtual Meetings of Fund Boards and more news
May, 2020 CAFR Taxonomy public review is closed. Multiple comments received. XBRL US concluded the public review for V0.3 of the CAFR Taxonomy which represents seven statements, two footnotes and several schedules for the Single Audit Report. Comments were received from the Governmental Accounting Standards Board (GASB), as well as individual states, including Tennessee and […more]
April, 2020 Economic difficulties brought on by the COVID-19 crisis highlight the value of timely, accurate, consistent data to aid in the administering of loan programs like the small business loans in the CARES stimulus package, and in other relief programs we’re likely to see down the road. Congress has approved billions in funds for […more]
March, 2020 March has been a difficult month, as we all adapt to a new environment, way of living and doing business. Filers and XBRL providers may face challenges and the SEC has instituted several temporary relief measures to help filers during the COVID-19 crisis. Many of our members are small businesses which face unique […more]
The new rule changes the definition of accelerated and large accelerated filers, and requires a new check box to be added to the cover page of 10-Ks, 20-Fs, and 40-Fs, which must be tagged in Inline XBRL.
Amendments introduce a decentralized consolidation model which will allow competing consolidators to collect and disseminate market quote and transaction data. The rule also proposes alternatives including the use of Inline XBRL for new Form CC, which includes general and business information, services and fees, as well as operational capability information. Comments are due by June 24, 2020.
Cites goal of providing more information to global markets, and holding governments accountable for management of oil, gas, and mineral resources.
Amendments require the use of Inline XBRL for certain required disclosures in the variable contract statutory prospectus. In addition, the SEC published a draft Variable Insurance Product (VIP) Taxonomy which has been posted for a 90-day public review.
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