January, 2020 2020 will be a critical year for the modernization of government and regulatory reporting. On December 30, 2019, the President signed the Grants Reporting Efficiency And Transparency (GREAT) Act (https://www.congress.gov/bill/116th-congress/house-bill/150) into law, which requires the use of data standards in grants reporting. The GREAT Act dovetails with the President’s Management Agenda, Results-Oriented Accountability […more]
December, 2019 Happy New Year! The stage is set for a great 2020, thanks to the work of our members on critical projects in 2019: Completing the Taxonomy Development Handbook (a multi-year project), the Style Guide and other building blocks to create good quality taxonomies; Building more data quality rules and guidance to give issuers […more]
October / November 2019 Legislative and Regulatory News ROC of the LEI Seeks Comment on LEI for Government Entities SEC Proposes Inline XBRL for Fee Calculation Tables and Fee Footnotes Senate Passes GREAT (Grant Reporting Efficiency and Agreements) Act SEC Proposes Update of Statistical Disclosures for Banks and Savings and Loan Registrants FASB Proposes Updates […more]
August / September 2019 Legislative and Regulatory News SEC Publishes Draft EDGAR Filer Manual for Public Review SEC Analyzes Extension Elements in XBRL Filings SEC Chief Economist Speaks on Big Data at NBER SEC Publishes Compliance and Disclosure Interpretation on Inline XBRL SEC Publishes Modernization of Regulation S-K, Items 101, 103 and 105 Rule Proposal […more]
June 2019 Legislative and Regulatory News GREAT Act Passes Senate Committee on Homeland Security & Government Reform FERC Adopts XBRL Standards for Utilities Reporting California State Assembly Committee Approves SB 598, Open Financial Statements Act SEC Publishes Concept Release to Harmonize Exempt Offerings SEC Updates EDGAR to Release 19.2, Publishes DEI Taxonomy U.S. Federal Data […more]
April/May 2019 Legislative and Regulatory News SEC Publishes Draft EDGAR Filer Manual SEC Proposes XBRL for Reporting by Business Development Companies & Closed End Funds SEC Finalizes FAST Act Requires XBRL Tagging for Cover Page Small Business Administration Accepts XBRL Data for Surety Bond Guarantee Program FERC Proposal on Transmission Investment Activity References Use of […more]
January/February 2019 Legislative and Regulatory News Federal Energy Regulatory Commission Publishes Proposal to Require XBRL for Utilities Reporting Open Government Data Act Passed GREAT Act Passes the U.S. House of Representatives Federal Energy Regulatory Commission Issues RFP for XBRL Solution XBRL US News SEC Comment Letter on Proposed Collection of Interactive Data XBRL US Publishes […more]
November/December 2018 Regulatory and Legislative News SEC Publishes List of Rules to be Reviewed Including XBRL Requirement Rules SEC Posts Draft EDGAR Manual, Effective December 17, 2018 SEC Staff Finds IFRS Filings Have Higher Custom Tag Rates Than US GAAP Filings SEC Proposes Rule on Variable Annuity Referencing Inline XBR SEC Commissioner Kara Stein Speech […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]
May/June 2018 Regulatory and Legislative News SEC Adopts Inline XBRL for Operating Companies and Mutual Funds SEC Publishes Draft Strategic Plan for 2018 – 2022 SEC Requests Comment on Fund Retail Investor Experience and Disclosure SEC Requests Comment on Proposal to Require Relationship Summary for Retail Investors SEC’s Baugess Speech at Financial Information Management Conference […more]
The national consortium for
the business reporting standard
