The Financial Accounting Standards Board (FASB) has issued for comment proposed GAAP Taxonomy Improvements to address the proposed Accounting Standards Update on accounting for leases between entities under common control: Leases (Topic 842) – Common Control Arrangements. Comments must be submitted by January 26, 2023. Read the release notes. Read the announcement for information on […more]
XBRL US submitted a comment letter to the Securities and Exchange Commission Office of Structured Disclosure in response to their request for input on the draft Executive Compensation Disclosure (ECD) Taxonomy. The taxonomy is to be used by filers as well as tool and service providers who work with them, to comply with the new […more]
The Securities and Exchange Commission (SEC) published their FY22-26 Strategic Plan which establishes three primary goals: Protect the investing public against fraud, manipulation, and misconduct Develop and implement a robust regulatory framework that keeps pace with evolving markets, business models, and technologies Support a skilled workforce that is diverse, equitable, and inclusive and is fully […more]
Invites public companies and BDCs to a December 14 webinar to learn more The XBRL US Data Quality Committee (DQC) has published its 20th Rule Set with five proposed rules for corporate issuers, and two proposed rules that are specific to business development companies (BDC). Issuers, accountants, filing agents and tool providers are invited to […more]
The XBRL US Data Quality Committee (DQC) has published it’s 20th Rule Set with five proposed rules for corporate issuers, and two rules that are specific to business development companies (BDC). This year, BDCs began preparing their financials in XBRL format, to comply with new rules established by the Securities and Exchange Commission (SEC). BDCs […more]
The Financial Accounting Standards Board (FASB) staff recently issued a proposed Taxonomy Implementation Guide (Guide) based on the proposed 2023 GAAP Financial Reporting Taxonomy (Taxonomy) that is pending SEC acceptance and is subject to change until published as final. The proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies, includes examples […more]
The XBRL US Center for Data Quality kicked off its 20th public exposure period on November 15 and the comment period closes on December 31, 2022. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on seven new rules – including two rules designed specifically for the SEC’s new […more]
The Data Quality Committee (DQC) seeks comment through Wednesday, August 31 on three new automated checks for US GAAP filers and corresponding Guidance as an FAQ supplement to FASB’s Implementation Guide: Financial Instruments – Debt Securities. XBRL US Members and public company personnel can evaluate these rules with our secure service to check their filings with version 19.
October, 2022 The Securities and Exchange Commission (SEC) finalized two new rules with XBRL requirements. Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements adopts amendments for annual and semi-annual shareholder reports provided by mutual funds and exchange-traded funds to highlight key information for shareholders and format the disclosures […more]
The draft 2023 update to the SEC taxonomies is now available for public review and comment, and includes updates to the SEC taxonomies as part of the annual review and update process for all SEC taxonomies accepted in the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. Refer to the Draft 2023 Release Notes for details of […more]
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