This meeting includes two agenda items in which the Commission will consider adoption of amendments related to XBRL – the use of the Inline XBRL format for the submission of operating company financial statement information and fund risk/return summary information and related changes; and, Form N-PORT and Form N-1A related to disclosures of liquidity risk management for open end management investment companies.
The US Securities and Exchange Commission’s Scott Baugess recently spoke at the Financial Information Management Conference 2018. Read selected passages from the address or get the link to the full transcript.
XBRL US comment letter supports the use of standards for Industry Guide 3 disclosures by bank holding companies as outlined in SEC proposal.
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.
The proposed amendments are intended to improve the data’s quality, benefiting investors, other market participants, and other data users, and to decrease, over time, the cost of preparing the data for submission to the Commission.
Comments are due by Tuesday, May 16, 2017.
How companies report their financials can have a big impact on investing, and ultimately on the economy. That’s why issuers, analysts, investors and data analytics providers, as well as XBRL tool and service providers should comment on the SEC’s new rule proposal for Inline XBRL.
Learn about the SEC rule proposal to require the use of Inline XBRL for public company reporting. Find out the implications of the rule change for issuers, data providers and XBRL service and tool providers and get the details on the Inline XBRL specification.
New rule would improve efficiency of SEC filing XBRL US today applauded the unanimous vote by the Securities and Exchange Commission (SEC) to publish a rule proposal requiring public companies to submit their periodic financial statements and footnotes using Inline XBRL. The Inline XBRL submission would replace the current practice of dual XBRL and HTML […more]
Agenda includes: Inline XBRL Filing of Tagged Data The Commission will consider whether to propose amendments to rules and forms to require the use of the Inline XBRL format for the submission of operating company financial statement information and mutual fund risk/return summaries, eliminate the requirement for filers to post Interactive Data Files on their […more]
As we begin a brand new year, it’s always good to make a few resolutions that go beyond joining a health club, eating right and losing weight. So we have three recommendations to add to your list of resolutions. The first is get involved in industry efforts to improve the usability of XBRL data submitted to the SEC. It won’t require a lot of effort and you will receive some important benefits. For a small investment of your time, you will be on the forefront of imminent, groundbreaking regulatory changes, and you will be able to reduce your workload while significantly improving the quality of your XBRL financial data submitted to the SEC.
The national consortium for
the business reporting standard
