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]
Items tagged with "government"
December, 2020 XBRL US commented on SEC proposal on tailored shareholder reports. The SEC proposal, Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements, recommends changes to modernize the disclosure framework for open-end management investment […more]
November, 2020 This year’s XBRL US Investor Forum provided an insightful lens into the future of structured reporting. SEC Commissioner Allison Herren Lee touched on several topics in her keynote address (watch video). The Commissioner noted several areas including proxy, ESG, MD&A and earnings releases as disclosures that could benefit from structured data formatting: “As […more]
September, 2020 College Of DuPage leads move to electronic financial reporting for Illinois community colleges. The forward-thinking college worked with XBRL US to prepare their own financial statements in XBRL format, using the CAFR Taxonomy, and plans to create a data repository containing electronic financials for other Illinois-based community colleges. Oakton Community College, based in […more]
October, 2020 SEC Commissioner Allison Herren Lee, and PwC Vice Chair Wes Bricker will provide keynote addresses at the XBRL US Investor Forum 2020, November 17-18, 2020. Commissioner Lee has been an outspoken advocate for transparency and greater accountability to help small business, increase diversity and improve access to information for investors. Wes Bricker, who […more]
On September 30, 2020, Forbes published “A Technology Solution for Muni Bond Disclosure” by Barnet Sherman, an article that suggests that momentum is building for greater standardization in municipal reporting. In the article, Sherman notes: “…The new chair of the Governmental Accounting Standards Board (GASB), Joel Black, wrote that during his tenure, one theme will […more]
Attend this 60 minute session to learn how government regulators set the stage for building a successful data model by assessing scope, defining functional requirements, engaging stakeholders early in the process, and considering issues that need to be addressed upfront to make sure that the final standards program meets the needs of reporting entities, regulators, data intermediaries and users.
Illinois-based College of DuPageleads move to electronic financial reporting for Illinois community colleges Register for the free webinar.
The Small Business Administration (SBA) published a request for comment regarding the collection of information related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Comments are solicited on 1) whether information collected is necessary for the agency to perform its functions; 2) whether burden estimates are accurate, 3) whether there are ways to […more]
Every U.S. bank submits financial call report data to the Federal Deposit Insurance Corporation (FDIC) in machine-readable format. Banks have been reporting this way since 2005. Watch this video for a conversation with Mark Montoya, Senior Business Analyst of Data Strategy at the FDIC, who was one of the founders of the XBRL FDIC data […more]