Items tagged with "SEC filers"

SEC Announces IFRS Publishes Proposed Updates to IFRS Taxonomy 2020

The Securities and Exchange Commission announced that the IFRS Foundation has published a proposed update to the IFRS Taxonomy 2020 for public comment. The taxonomy updates address topics including earnings per share, employee benefits expenses and share-based payment expenses, as well as the effect of changes in foreign exchange rates. Comments should be sent directly […more]

SEC Announces FASB Public Review of XBRL US Data Quality (DQC) Rules Taxonomy

The Securities and Exchange Commission announced that the FASB has issued a proposed XBRL US Data Quality Committee (DQC) Rules Taxonomy, along with a Technical Guide on the US GAAP Taxonomy and the DQC Rules Taxonomy. Read the SEC announcement Visit the Taxonomy Read the FASB Technical Guide

Public Exposure for Comment – Data Quality Committee Rules

Sunday, November 1 - Tuesday, December 15, 2020
XBRL US Public Review
Read about rules and comment

The XBRL US Center for Data Quality kicked off its 14th public exposure period on November 1 and the comment period closes on December 15, 2020. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on six new automated validation rules, including several for filers using the IFRS Taxonomy. […more]

Approved Validation Rules

The Data Quality Committee released version 13 of freely-available rules and guidance in October.These 61 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.

Public Exposure of Validation Rules & Guidance

The Data Quality Committee (DQC) seeks comment through Tuesday, December 15, 2020, on six new rules plus guidance for filers using the IFRS Taxonomy for SEC filings. XBRL US Members and public company personnel can use our secure service to check their filings with version 14, which includes approved and public exposure rules.

FASB Taxonomy – Call for Comment on DQC Rules Taxonomy

Wednesday, October 27, 2020 - Tuesday, December 1, 2020
Proposed Taxonomy Improvements Comment Period hosted by FASB
Proposed DQCRT Taxonomy & Technical Guides

FASB Staff Issues Proposed XBRL US DQC Rules Taxonomy and Accompanying Technical Guide The Financial Accounting Standards Board (FASB) staff recently issued for comment the following:  Proposed XBRL US DQC Rules Taxonomy (DQCRT)  Proposed Technical Guide Proposed SEC Reporting Taxonomy (SRT) Technical Guide The comment period on the proposed DQCRT and the proposed accompanying Technical […more]

XBRL US Letter to SEC COO on SEC Proposal on Fee-Based Filing Pilot

The XBRL US Regulatory Modernization Working Group, led by chair John Truzzolino, sent a letter to the SEC COO Kenneth Johnson to make suggestions related to the establishment of a pilot program for the SEC proposal on Filing Fee Disclosures and Payments Modernization. Suggestions made include allowing vendors access to an EDGAR testing system prior […more]

Center for Data Quality Committee Meeting

12 PM EDT Wednesday, January 20, 2021
XBRL US 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.

SEC Finalizes Amendments to Modernize Regulation S-K Items 101, 103, and 105

The Securities and Exchange Commission adopted amendments to modernize Regulation S-K Items 101, 103, and 105 which cover the description of business, legal proceedings, and risk factor disclosures with a goal to improve the readability of disclosure documents and discourage repetition and disclosure of information that is not material. The Commission opted against taking the […more]

XBRL US Comments on SEC Proposal on Administration of EDGAR System

XBRL US submitted a comment letter to the SEC responding to their proposal, Administration of the EDGAR System. The proposal sought feedback on SEC actions that may be taken to promote the reliability and integrity of EDGAR submissions. They named triggering events that could result in SEC actions such as redacting information from a filing, removal […more]