Items tagged with "transparency"

Newsletter for the Business Reporting Standard

January 2017   Regulatory & Legislative News ESMA Announces Inline XBRL Requirement Securities and Exchange Commission Publishes Updated EDGAR Filer Manual Securities and Exchange Commission Updates Inline XBRL Viewer XBRL US News 3rd Set of Approved Data Quality Committee Rules Published Covering Over 3,300 US GAAP Concepts XBRL US and Consensys Form Working Group to […more]


Approved Guidance & Validation Rules

Version 3 of the freely-available rules and guidance developed by an industry collaborative and effective January 1, 2017 helps public companies detect inconsistencies or errors in their XBRL-formatted financial data.

Several tools are certified for implementation of the approved rules.


How to cut $billions out of government spending

The Australian government and business saves $1.1 billion every year thanks to a program introduced seven years ago that brought financial data standards into the business to government reporting process. Translated to the American economy, which has a GDP 10 times the size of Australia, the adoption of the right format, information and identifiers – a financial data standard – has the potential to create $11 billion in savings across the US economy.


November 2016 Newsletter

November 2016   Regulatory & Legislative News SEC Chair Mary Jo White Announces Plans to Resign SEC Commissioner Stein Presents Vision for Data at the SEC SEC Publishes Draft EDGAR Filer Manual SEC Updates Inline XBRL Viewer XBRL US News Corporate Actions Message in Inline XBRL Created by XBRL US Standards in Solar Financial Reporting: […more]


September 2016 Newsletter

September 2016   Regulatory & Legislative News FASB, SEC, XBRL US & XII Host Webinars on Proposed Structural Taxonomy Changes House Financial Services Committee Passes Financial CHOICE Act XBRL US News XBRL US Submits Comment in Response to SEC Proposal on Disclosure Update and Simplification XBRL US SEC Filer Workshop Scheduled November 2 in New […more]


August 2016 Newsletter

August 2016   Regulatory & Legislative News SEC Publishes Rule Proposal on “Disclosure Update and Simplification” for Public Comment SEC Posts Sample Inline XBRL Document XBRL US News XBRL US Announces Half-Day Investor Forum: Finding Value with Smart Data, October 24, 2016 in New York Data Quality Committee (DQC) Public Review to Close August 31, […more]


June/July 2016 Newsletter

June/July 2016   Regulatory & Legislative News SEC Investor Advisory Committee Publishes Letter Favorable to Structured Data SEC Announces Issuers are Permitted to Use Inline XBRL to Replace Combined XBRL and HTML Filings First Inline XBRL Submission Posted to SEC’s EDGAR System XBRL US News Data Quality Committee (DQC) Publishes 2nd Set of Rules & […more]


XBRL US Supports SEC Order Permitting Inline XBRL Submissions for Public Companies

XBRL US announced its support for the SEC order permitting inline XBRL submissions for public companies and scheduled two free webinars featuring SEC staff to help issuers and vendors prepare for inline XBRL.


Data Coalition News (June 16, 2016)

The latest: SEC Announces Voluntary Inline XBRL Filings Third Annual DATA Act Summit: A Critical Tipping Point Reached, but Big Challenges Remain to be Solved in 2017 Watch the Morning Sessions from DATA Act Summit Read Former OMB Director Shelley Metzenbaum’s Keynote Speech from DATA Act Summit


Workiva supports Inline XBRL

The SEC has released new rules that allow companies to voluntarily file data in the Inline XBRL format. This milestone shows the value that the SEC places on XBRL data, data quality, and reducing the regulatory burden.