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]
Items tagged with "SEC filers"
Data Quality Committee (DQC) rules are important tools to help preparers create good quality XBRL financials. Watch this video to learn about the committee behind the creation of the rules and how filers use the rules. Featuring Heather Krupa, CPA, Vice President and Controller, Global Water Resources, Inc., who is a member of the XBRL […more]
The Financial Accounting Standards Board (FASB) published a new Q&A that covers applying the US GAAP Financial Reporting Taxonomy on disclosures related to effects of COVID-19. Topic areas covered include: Income taxes Payroll taxes Loans Grants Pensions Overall discussion of the COVID-19 pandemic. Read the Q&A.
The Securities and Exchange Commission published an updated analysis of custom tag rate trends which shows a slight decline in the use of custom tags (from 18% to 17%) for all filers. The biggest decline in the use of custom tags was from large accelerated filers which was offset by an increase among smaller reporting […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
The Securities and Exchange Commission announced a request for comment concerning the collection of data by investment companies on Form N-CEN, which is currently required to be reported in XML format. The request seeks information on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the agency, […more]
Need help convincing your boss that it’s important to get involved as an SEC Filer Member? Use this to help explain why it’s important to Get Serious about Data Quality.
In this issue:
- Covid-19 Disclosures
- Earnings release & 10-K timing
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]
The Securities and Exchange Commission updated their interactive data test suite which is designed to assist filers using software to validate XBRL data prior to EDGAR submission. The test suite consists of small XBRL instances, schemas, and linkbases that are categorized as to whether they violate a validation check, and if so, what validation check […more]