By David Tauriello, Vice President of Operations, XBRL US For nearly 15 years, every exchange-listed public company has submitted financial data for quarterly and annual statements and disclosures to the US Securities and Exchange Commission (SEC) using the XBRL Standard. One of the challenges often cited to using this data is that the SEC requirement […more]
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XBRL US responded to the Department of Commerce Request for Information on AI and Open Government Data Assets. The XBRL US letter stated, “We agree with the Department of Commerce view that AI systems should be powered by data that is not just machine-readable and accessible, but that is ‘machine-understandable’. Artificial intelligence has enormous potential […more]
The Securities and Exchange Commission (SEC) has published its Semi-Annual Report to Congress for June 2024. New information since the last report includes additional Commission rulemaking releases adopting structured data tagging requirements; the setting aside of the SEC Share Repurchase rule that had structured data tagging requirements; and updated statistics in the analysis of the […more]
The Securities and Exchange Commission (SEC) published an analysis of custom tag rates which found that Forms 10-K and 10-K/A shows a decrease in average custom tag rate for filings in 2023 compared to 2022 across all filer status except the accelerated filer category, for which the rate remains flat. Read the full analysis.
The Securities and Exchange Commission (SEC) upgraded the EDGAR system to Release 24.2 which now supports the IFRS Taxonomy 2024 and the Security-Based Swap (SBS) taxonomy. Please see notes below from the SEC related to this release: The 2024 version of the IFRS taxonomy reflects the same taxonomy version that the International Accounting Standards Board made […more]
The Securities and Exchange Commission (SEC) published the final Swaps Based Securities (SBS) Taxonomy which can be found here. The Commission also published illustrative sample documents in advance of the EDGAR 24.2 release, which will incorporate the final SBS taxonomy into EDGAR.
The Securities and Exchange Commission (SEC) announced that they had published the draft Cybersecurity Disclosure (CYD) taxonomy to support the final rule, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure. Taxonomy files are included here. Comments on this taxonomy are due by August 23, 2024.
This one-day conference will address the impact of digital requirements established through the FDTA and through various state, federal, and global climate mandates.
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) to provide input to the Draft 2024 SBS Taxonomy which was developed to support the final rule for Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities. The letter described technical issues with the taxonomy such as inconsistencies in […more]
The national consortium for
the business reporting standard
