The Financial Accounting Standards Board (FASB) Staff recently issued an update to the Frequently Asked Questions about the U.S. GAAP Financial Reporting Taxonomy (FAQ) to include new guidance for preparers on addressing the deprecation of the “Report Date [Axis]” (CreationDateAxis) with the 2019 Taxonomy Update. The FAQ is available on the FASB website.
In this issue: SEC Staff to Hold Spring Fintech Forum on Distributed Ledger Technology and Digital Assets SEC Fee Rate Advisory #2 for Fiscal Year 2019 SEC Releases EDGAR 19.1
Campbell Pryde, President and CEO, XBRL US
Conducting simple queries, like identifying the filings that contain the most reported facts, used to be extremely time-consuming and labor-intensive to perform. Today, the availability of structured, machine-readable (XBRL) data and the XBRL API makes getting answers – using simple or complex queries – EASY.
Ez-XBRL Solutions, Inc. announced today its new Inline XBRL (iXBRL) solution that enables SEC registrants to rapidly convert their existing XBRL tagged data to the iXBRL format. Read the press release.
January/February 2019 Legislative and Regulatory News Federal Energy Regulatory Commission Publishes Proposal to Require XBRL for Utilities Reporting Open Government Data Act Passed GREAT Act Passes the U.S. House of Representatives Federal Energy Regulatory Commission Issues RFP for XBRL Solution XBRL US News SEC Comment Letter on Proposed Collection of Interactive Data XBRL US Publishes […more]
Be part of the growing number of professionals using the XBRL application programming interface (API) with enhanced capabilities – including the use of any XBRL data set. Share feedback, queries, ideas, templates and anything else that strengthens your understanding of the functionality, efficiency and usability of this protocol.
In February, 2019, the Data Quality Committee – a collaborative of public companies, providers and data users working to improve standardized financial reporting – approved version 8 of freely-available rules and guidance to help filers using US GAAP and IFRS Taxonomies supported by the US Securities and Exchange Commission detect and resolve inconsistencies or errors in XBRL-formatted financial data.
In this issue:
- SEC Extends Comment Period for Updated Disclosure Requirements for Variable Annuities and Variable Life Insurance Contracts
- SEC’s Peak Filing Schedule for 2019
- SEC Brings Charges in EDGAR Hacking Case
- SEC Resumes Normal Operation
XBRL US has submitted a comment letter responding to the SEC request for comment on the Proposed Collection of Interactive Data. Key points made in the letter: Access to interactive data enhances the Commission’s ability to monitor companies and perform analysis Reduces the cost of analysis for investors and analysts Streamlines and improves efficiencies (reduces cost) […more]
To hear CFA Institute perspectives on how technology is driving changes in corporate reporting, listen to this podcast of Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute, in conversation with the UK Financial Reporting Council on: how investors use structured data; how data providers pull XBRL data from filings, normalize and clean […more]