Updates

Posted Friday, September 6, 2019

Workiva Customer Submits the First Multi-Document Inline XBRL Filing

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]

Posted Thursday, September 5, 2019

XBRL US 2nd Release of CAFR Taxonomy for Municipal Reporting in Public Exposure Review

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]

Posted Wednesday, August 7, 2019

The Calcbench Insider: August 2019

In this issue:

• Special report: Adopting the new lease accounting standard.
• Using Calcbench to measure China exposure.
• Lease accounting up close: Chipotle Mexican Grill.
• And more lease accounting: the Comcast example.
• Downshifting in the trucking world.

Posted Wednesday, July 31, 2019

Approved Validation Rules & Guidance

Version 9.0.1 – Released July, 2019

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.

Posted Monday, July 29, 2019

XBRL US Comment to SEC Fixed Income Market Structure Advisory Committee

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]

Posted Thursday, July 25, 2019

FASB Chair Golden to Keynote Investor Forum 2019: Driving Actionable Analytics, Nov 4, New York

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 Tuesday, July 23, 2019

SEC News from Novaworks Software

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

Posted Monday, July 22, 2019

CFA Institute Investor Survey Finds No Support for Eliminating Quarterly Financial Reporting

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]

Posted Wednesday, July 10, 2019

The Calcbench Insider: July 2019

In this issue:

• Popping the lid on Smuckers’ goodwill.
• Not much fizz in LaCroix.
• Tax reform and Casey’s General Stores.
• Calcbench data figures into a recent LeaseAccelerator report

Posted Monday, July 8, 2019

XBRL US Comments on Federal Data Strategy Year-1 Action Plan

XBRL US submitted a response to the White House Office of Management and Budget, in response to the Federal Data Strategy Year-1 Action Plan. The letter noted that to attain the long-term vision of the Federal Data Strategy to better govern and leverage the Federal Government’s data, requires developing and implementing a single cross-agency data […more]