The CFA Institute publication Data and Technology: Transforming the Financial Information Landscape discusses the benefits of structured data to all parties in the financial reporting supply chain, including companies, auditors, regulators, and investors. This paper addresses the consumption of that structured data, including which data are available and how data are being consumed, and refutes the claim […more]
Items tagged with "SEC filers"
In this issue:
- Leasing Costs Extravaganza
- Q&A on Financial Data Quality
- Geeking Out on the Filings
Cost of revenue and SG&A update Q2
Who is exposed to Turkey?
The SEC has released a draft of the EDGAR Filer Manual (EFM) to reflect changes in the new EDGAR Release 18.3 which is scheduled to be published October 1, 2018. An update to the EFM test suite will be published soon with new test cases. While a number of changes have been made to the […more]
July/August 2018 Regulatory and Legislative News SEC EDGAR Upgraded to Release 18.2, Now Supports IFRS Taxonomy XBRL US News XBRL US Data Quality Committee Announces the Public Review of the 7th Ruleset XBRL US State & Local Govt Working Group Sends Letter to SEC Investor Advisory Committee AICPA Study Demonstrates that XBRL Costs Declined 45% […more]
The Data Quality Committee is soliciting input on the 7th Data Quality Ruleset during a public review and comment period that will end on September 10, 2018.
The Securities and Exchange Commission (SEC) finalized their rule on Disclosure Update and Simplification. The rule proposal was introduced on July 13, 2016 and XBRL US submitted a comment letter. A review of the final rule indicates that there are no near-term changes to what is required to be XBRL tagged by issuers. There are […more]
On August 16, the Global Banking & Finance Review published an article referencing the AICPA XBRL US study on the cost of XBRL preparation for small companies, stating: “The American Institute of CPAs (AICPA) and XBRL US have found that the cost of XBRL formatting for small reporting companies has declined 45 percent since 2014, according to an updated […more]
On August 15, the Journal of Accountancy published the article, “XBRL Costs for Small Reporting Companies Have Declined 45% Since 2014” , stating: “The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the American Institute of CPAs […more]
The inline XBRL specification has been in widespread use around the world for years. The SEC’s recent decision to adopt inline filing as a requirement brings significant benefits for all stakeholders and challenges for companies that have not yet mastered the craft of digital financial storytelling.
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.