Items tagged with "standards"

SEC Sites Add the “S” in “httpS://”

Herm Fischer, XBRL Developer, Mark V Systems Limited

The United States Securities and Exchange Commission is transitioning XBRL taxonomy web sites to HTTPS from HTTP.

Find out what you need to know about the changes.


SEC Publishes Investment Company Liquidity Disclosures Proposal

On March 14, 2018 the Securities and Exchange Commission published a proposal: Investment Company Liquidity Disclosures which builds off the final rule adopted in October 2016 for new forms N-PORT and NCEN. In that final rule, they opted for XML formatting instead of XBRL. XBRL US had submitted a comment letter at the time, advocating the […more]


Public Exposure for Comment – XBRL US Taxonomy Approval and Metrics Process

Monday, March 5 - Thursday, April 5, 2018
XBRL US Public Review
Get details and provide comments

The XBRL US Taxonomy Approval and Metrics Process (TAM) document has been revised and updated by the Domain Steering Committee and is available for comment through April 5. This document is for developers to use when creating and updating taxonomies.


What’s in your corporate family tree?

Michelle Savage, Vice President, Communication, XBRL US

Learning about your own background — the good, the bad, and the ugly — can be interesting. But for investors and for companies doing business with other corporate partners, understanding the “ancestry” of the companies in which they invest or do business, can be critical.


Earnings Announcement (DSC Subcommittee)

Formed as a subcommittee of the Domain Steering Committee, The Earnings Release Subcommittee is investigating possible XBRL tagging of corporate earnings announcements, given the timeliness and market-moving nature of the data provided in earnings announcements, and demand expressed by the investment community.


Keep Calm and Check Your Work!

Lou Rohman, Vice President, XBRL Services, Merrill Corporation; Chair, XBRL US Data Quality Committee

Accountants are sticklers for checking their work. They rely on disclosure and accounting checklists, and now on Data Quality Rules to catch errors in their XBRL financials. The XBRL US Data Quality Committee also performs periodic checks on their own work, and have proof that their rules and guidance are improving the accuracy of corporate XBRL financials.


How well do you tick and tie your XBRL?

David Tauriello, Vice President, Operations, XBRL US

Reporting supply chain participants – public company personnel and partners, regulators, analysts and researchers – know the value of telling a company’s story with standardized data. And now, XBRL Achievements are showing up on LinkedIn and other professional/social networking platforms to let colleagues and other professionals know who sets and keeps the pace in a transformed reporting environment.


XBRL. A Free & Open Reporting Standard.

Michelle Savage, Vice President, Communication, XBRL US

The XBRL standard is a free, open, non-proprietary, financial data standard, developed and maintained by a global, not-for-profit standards body. Free and open standards are critical for governments and businesses looking to adopt a standard.


Data Quality Committee Responds to FASB Invitation to Comment

The XBRL US Data Quality Committee responded to FASB’s Invitation to Comment on Efficiency and Effectiveness of GAAP Financial Reporting Taxonomy.


Automating Work-in-Process (WIP), Improving Contractor Access to Credit

Marcum LLP successfully created a computer-readable WIP report to help contractor clients provide financial performance data to surety carriers that can be automatically extracted with no rekeying of data. Marcum created the report by performing a one-time mapping using a spreadsheet add-in that converted the WIP data into XBRL format. XBRL is an open data […more]