Items tagged with "SEC filers"

Approved Validation Rules

The Data Quality Committee released version 14 of freely-available rules and guidance in February.These 66 rules are automated checks helping US GAAP and IFRS filers detect and resolve inconsistencies or errors in XBRL-formatted financials before submission to the Securities and Exchange Commission.

FASB Taxonomy – Call for Comment: Derivatives and Hedging (Topic 815)

Friday, May 7 - Monday, July 5, 2021
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB
Derivatives and Hedging (Topic 815)

Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed GAAP Taxonomy Improvements for a Proposed Accounting […more]

The Calcbench Insider: May 2021

In this issue:

  • non-GAAP adjustments
  • executive compensation
  • Rite Aid Corp. and negative goodwill
  • corporate income taxes

Newsletter for the Reporting Standard of Business and Government

April, 2021 Sustainability and climate issues remain in the headlines in the US and Europe. US Treasury Secretary Janet Yellen gave a compelling speech this month outlining Treasury’s “whole-of-government” approach to climate change, emphasizing the importance of ESG data, and Treasury’s intent to work with the Securities and Exchange Commission (SEC) to ensure an effective […more]

Are XBRL data better at predicting future stock returns?

By Steven Huddart, Smeal College of Business, Penn State University

The flexibility, timeliness, and granularity of freely available, as-filed XBRL data has advantages that sophisticated data users should consider.

XBRL US Data Quality Committee Public Exposure of 15th Ruleset for US GAAP and IFRS Filers

Attend May 12 webinar for review of data quality trends, plus insights into draft ruleset  The XBRL US Data Quality Committee (DQC) has published its 15th Ruleset for a 45-day public review and comment period, which closes on June 2, 2021. This latest draft ruleset contains eight rules specific to US GAAP filers, and one […more]

Gary Gensler Confirmed as Chair of the Securities and Exchange Commission

Gary Gensler has been confirmed by the Senate to lead the Securities and Exchange Commission (SEC) as Chair. Commissioners of the SEC published a short statement congratulating him on the confirmation.

Webinar: DQC 15th Ruleset Public Review & SEC/FASB Support for Rules

2:00 PM EDT Wednesday, May 12, 2021
XBRL US Webinar
Watch / listen to replay

Attend this one-hour session for a review of the DQC public review ruleset 15, and learn how the SEC and FASB leverage the DQC rules. The public review includes nine rules specific to US GAAP filers, and one rule specific to IFRS filers. Categories of errors these rules are designed to identify, range from incorrect use of certain axes to problems in the consistency of facts reported over time.

Forbes Article “The SEC’s Technology Modernization is Accelerating – Are You Ready?”

XBRL was named in Forbes April 15 article, The SEC’s Technology Modernization Is Accelerating – Are You Ready? as one of the SEC’s important modernization efforts, noting:  “…the SEC has notched significant progress adjusting rules and enforcement in response to technological disruptions over the past two decades. For example, the commission’s 2009 rule requiring the […more]

Public Exposure for Comment – Data Quality Committee Rules

Thursday, April 15 - Monday, May 31, 2021
XBRL US Public Review
Read about rules and comment

The XBRL US Center for Data Quality kicked off its 15th public exposure period on April 15 and the comment period closes on May 31, 2021. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on nine new rules, including Fact Value Consistency Over Time for filers using the […more]