Items tagged with "SEC filers"

DQC Rules are now available in the FASB US GAAP Taxonomy. Shouldn’t every SEC filer use them?

Heather Krupa, CPA, Controller at Global Water Resources

DQC Rules are now available in the FASB US GAAP Taxonomy. Shouldn’t every SEC filer use them?

XBRL Data Quality Checks Available in FASB US GAAP Financial Reporting Taxonomy

XBRL US announced today that the Financial Accounting Standards Board (FASB) has incorporated freely available validation rules into the 2020 release of the US GAAP Financial Reporting Taxonomy. The rules, developed by the XBRL US Data Quality Committee (DQC) are used by public company filers to identify and resolve errors in their XBRL financials prior […more]

SEC Filer Toolkit: SEC, FASB and XBRL US Resources

3:00 PM ET Wednesday, March 11, 2020
XBRL US Webinar
Register for Free Webinar

Attend this one-hour session for a review of tools available from the FASB and XBRL US to aid filers in XBRL preparation.

Approved Validation Rules

The Data Quality Committee released version 11 of freely-available rules and guidance in February. These 53 rules are automated checks that help filers using US GAAP and IFRS Taxonomies supported by the US Securities and Exchange Commission detect and resolve inconsistencies or errors in XBRL-formatted financial data.

Center for Data Quality Committee Meeting

9 AM - Noon ET Wednesday, April 1, 2020
XBRL US Meeting, Web Conference
Register to attend online

At this meeting, industry leaders will participate in discussions and plans for developing guidance and rules for use by public companies complying with the XBRL requirements of the US Securities and Exchange Commission. Learn about the Data Quality Committee.

Newsletter for the Reporting Standard of Business and Government

January, 2020 2020 will be a critical year for the modernization of government and regulatory reporting. On December 30, 2019, the President signed the Grants Reporting Efficiency And Transparency (GREAT) Act ( into law, which requires the use of data standards in grants reporting. The GREAT Act dovetails with the President’s Management Agenda, Results-Oriented Accountability […more]

Call for Comment on Proposed Taxonomy Implementation Guides

Friday, January 24, 2020 - Monday, February 24, 2020
Proposed Taxonomy Implementation Guides Comment Period hosted by FASB
Leases under Topic 842

FASB Staff Issues a Proposed Taxonomy Implementation Guide on Leases under Topic 842 and a Proposed Taxonomy Implementation Guide on Revenue from Contracts with Customers under Topic 606 for Comment Leases under Topic 842, includes new examples that highlight the reporting of right-of-use assets in a classified statement of financial position and an unclassified statement […more]

December 2019 Newsletter

December, 2019 Happy New Year! The stage is set for a great 2020, thanks to the work of our members on critical projects in 2019: Completing the Taxonomy Development Handbook (a multi-year project), the Style Guide and other building blocks to create good quality taxonomies; Building more data quality rules and guidance to give issuers […more]

2020 US GAAP Financial and SEC Reporting Taxonomies

The 2020 GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements, including an initial set of Data Quality Committee Rules.

SEC Proposes XBRL for Resource Extraction Issuers

The SEC published a rule proposal on Disclosure of Payments by Resource Extraction Issuers.  The rule would require resource extraction issuers to include in an annual report information relating to payments made to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals. Section 13(q) requires these […more]