On September 17, 2019, the SEC published a rule proposal: Update of Statistical Disclosures for Bank and Savings and Loan Registrants. Today, that proposal was posted on the Federal Register, with an official publication date of October 3. Comment letters are due 60 days from the date of publication in the Federal Register. A proposal […more]
XBRL US submitted a comment letter responding to the SEC Concept Release on Harmonization of Securities Offering Exemptions. The XBRL US letter noted that the Commission could more effectively meet its goal of simplifying and harmonizing the exempt offering framework by requiring all reporting entities to use the same consistent method to report the same disclosures. […more]
Public Companies Also Used Workiva Platform to Submit More Than 78 Percent of Inline XBRL Facts in 2019 Workiva, provider of the world’s leading connected reporting and compliance platform, announced that its customer – Summit Materials – used the Workiva platform to submit the first multi-document Inline eXtensible Business Reporting Language (iXBRLTM) filing to the […more]
Will County, Illinois, First Local Government to Publish Financials in XBRL Format XBRL US announced today that it is conducting a 60-day public review and comment period for the second release of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy. The taxonomy, developed by the XBRL US State and Local Government Disclosure Modernization Working Group, […more]
In this issue:
The Data Quality Committee – a collaborative of public companies, providers and data users working to improve standardized financial reporting – released version 9 of freely-available rules and guidance in July, 2019. Several tools are certified for implementation of the approved rules.
View company-specific data quality filing results and aggregated results for selected rules.
The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on July 29, 2019 during which municipal issuer disclosures was addressed, among other topics. XBRL US submitted a comment letter to the Committee, recommending the use of data standards to increase transparency and improve efficiencies in the municipal securities markets. Highlights […more]
FASB Chairman Russ Golden to keynote XBRL US Investor Forum.
Topics to be covered include blockchain, artificial intelligence, new reporting domains like municipal securities reporting, and more.
Posted this month: SEC Announces August 13 Meeting of Small Business Capital Formation Advisory Committee SEC Staff to Host Roundtable on Management of Public Companies and Other Regulatory Requirements SEC Announces Upcoming Events for Main Street Investors in Boston SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules
The CFA Institute published results from a survey of 160,000 investment professionals on whether quarterly reporting was too short a reporting internal. Results show no support. Excerpt from the blog: “There has long been a debate as to whether quarterly reporting is the appropriate interval. Is it too short? And does this time between reports […more]
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