January/February 2018 XBRL US News Final Public Review Launched for Orange Button Solar Finance Taxonomy Join the XBRL API Beta Test Group Replays of Recent Webinars Now Available Point of View: What’s in Your Corporate Family Tree? Recent Point of View Topics Register to Attend XBRL US Data Quality Committee Meeting, Wednesday, March 14 at […more]
Items tagged with "Surety"
November/December, 2017 Regulatory & Legislative News SEC Publishes XBRL Datasets for Mutual Fund Risk/Return Data XBRL US News XBRL US Submits Letter to SEC on FAST Act Modernization and Simplification of Regulation S-K CFA View on Standards, Webinar Scheduled for January 10, 2018 XBRL Tagging in IFRS, Webinar Scheduled for January 31, 2018 Video Recording […more]
September/October, 2017 Regulatory & Legislative News SEC Proposes XBRL Requirement for Corporate Financial Statement Cover Pages SEC Updates Interactive Data Test Suite with IFRS Test Cases SEC Updates Interactive Data Test Suite to Accommodate Files Prior to EDGAR Submission XBRL US News XBRL US and SunSpec Alliance Hold Orange Button Public Review SFAA and NASBP […more]
The National Association of Surety Bond Producers (NASBP) and The Surety & Fidelity Association of America (SFAA), together announced the launch of the Surety Standards Toolkit, to help surety carriers implement standards that improve accuracy, timeliness, and efficiency of data collection in the surety underwriting process.
The Work-in-Process (WIP) report and other financials can be delivered in useable form directly from contractor to surety eliminating manual rekeying of data, improving timeliness and access to credit for contractors. Financial data standards can automate the process. Join this webinar to view demonstrations for creating and consuming XBRL-formatted WIP reports.
August 2017 Regulatory & Legislative News IASB Published Proposed Changes to IFRS Taxonomy for Public Review SEC Publishes Public Company Datasets, Now Including Notes SEC Posts Further Guidance on Signage in XBRL Tagging XBRL US News XBRL Investor Forum: Smart Data, Better Results, Set for November 1, New York City Data Quality Committee (DQC) […more]
June 2017 Regulatory & Legislative News FASB Publishes Invitation to Comment on Effectiveness of US GAAP Financial Reporting Taxonomy SEC Extends Deadline for Comment Letters on Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) XBRL US News XBRL Achievements Program Helps Identify XBRL Skillsets New Case Study Published: How Little Companies Get Big, […more]
Standards have been used to successfully automate the collection of data for surety underwriting which historically has been a highly manual process. XBRL was used to enable the consistent and accurate consumption of financial data from contractors into a surety’s financial database, helping to streamline contractor access to credit and increase underwriting efficiency.
The clock is ticking toward modernization as sureties embrace the Work in Process Taxonomy to save thousands of hours of data entry, while improving their own analysis and giving contractors faster access to credit.