Items tagged with "government"

Newsletter for the Business Reporting Standard

January/February 2018 XBRL US News Final Public Review Launched for Orange Button Solar Finance Taxonomy Join the XBRL API Beta Test Group Replays of Recent Webinars Now Available Point of View: What’s in Your Corporate Family Tree? Recent Point of View Topics Register to Attend XBRL US Data Quality Committee Meeting, Wednesday, March 14 at […more]

November/December 2017 Newsletter

November/December, 2017 Regulatory & Legislative News SEC Publishes XBRL Datasets for Mutual Fund Risk/Return Data XBRL US News XBRL US Submits Letter to SEC on FAST Act Modernization and Simplification of Regulation S-K CFA View on Standards, Webinar Scheduled for January 10, 2018 XBRL Tagging in IFRS, Webinar Scheduled for January 31, 2018 Video Recording […more]

Keep Calm and Check Your Work!

Lou Rohman, Vice President, XBRL Services, Merrill Corporation; Chair, XBRL US Data Quality Committee

Accountants are sticklers for checking their work. They rely on disclosure and accounting checklists, and now on Data Quality Rules to catch errors in their XBRL financials. The XBRL US Data Quality Committee also performs periodic checks on their own work, and have proof that their rules and guidance are improving the accuracy of corporate XBRL financials.

October 2017 Newsletter

September/October, 2017 Regulatory & Legislative News SEC Proposes XBRL Requirement for Corporate Financial Statement Cover Pages SEC Updates Interactive Data Test Suite with IFRS Test Cases SEC Updates Interactive Data Test Suite to Accommodate Files Prior to EDGAR Submission XBRL US News XBRL US and SunSpec Alliance Hold Orange Button Public Review SFAA and NASBP […more]

XBRL. A Free & Open Reporting Standard.

Michelle Savage, Vice President, Communication, XBRL US

The XBRL standard is a free, open, non-proprietary, financial data standard, developed and maintained by a global, not-for-profit standards body. Free and open standards are critical for governments and businesses looking to adopt a standard.

August 2017 Newsletter

August 2017   Regulatory & Legislative News IASB Published Proposed Changes to IFRS Taxonomy for Public Review SEC Publishes Public Company Datasets, Now Including Notes SEC Posts Further Guidance on Signage in XBRL Tagging XBRL US News XBRL Investor Forum: Smart Data, Better Results, Set for November 1, New York City Data Quality Committee (DQC) […more]

XBRL US Supports Standards to Modernize Industry Guide 3 Requirements for Bank Holding Companies

XBRL US comment letter supports the use of standards for Industry Guide 3 disclosures by bank holding companies as outlined in SEC proposal.

June 2017 Newsletter

June 2017   Regulatory & Legislative News FASB Publishes Invitation to Comment on Effectiveness of US GAAP Financial Reporting Taxonomy SEC Extends Deadline for Comment Letters on Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) XBRL US News XBRL Achievements Program Helps Identify XBRL Skillsets New Case Study Published: How Little Companies Get Big, […more]

XBRL US Paper: Reduce Company Burden, Cut Govt Spending

XBRL US position paper published “Reduce Company Burden, Cut Government Spending – Standardize Financial Data Reporting Requirements” which recommends adopting the freely available, open XBRL data standard for all financial data reporting required by U.S. regulators. Only the XBRL standard has 1) the appropriate format to render data computer-readable; 2) the appropriate information component to […more]

XBRL Comment Supports SEC Proposal for Inline XBRL by Operating Companies & Mutual Funds

XBRL US submits comment letter supporting the SEC proposal on transitioning operating companies and mutual funds to Inline XBRL and provides feedback on challenges that should be considered when setting timing for the start date of the proposal.