Updates

Posted Friday, September 3, 2021

Newsletter for the Reporting Standard of Business and Government

August, 2021 SEC Commissioner Caroline Crenshaw and Independent Corporate Director, former FASB Chair, Leslie Seidman to keynote XBRL US Investor Forum: Data that Delivers. The half-day, virtual event, to be held on November 10, will feature case studies and demonstrations of how machine-readable data has changed the analytics dynamic for investors, corporate financial planners, researchers, […more]

Posted Thursday, August 26, 2021

SEC Commissioner Crenshaw and Former FASB Chairperson Seidman to Keynote XBRL US Investor Forum 2021

XBRL US announced today that the annual XBRL US Investor Forum 2021: Data that Delivers, will feature two keynote speakers, Commissioner Caroline A. Crenshaw of the United States Securities and Exchange Commission; and Independent Corporate Director and former FASB Chairperson, Leslie F. Seidman. This year’s virtual forum, which will take place on November 10, 2021, […more]

Posted Friday, August 20, 2021

SEC Announced Open Data Access Enhancements

The Securities and Exchange Commission (SEC) made an announcement today concerning enhancements to open data access including a new API that allows users to aggregate XBRL financial data. Read the release. Access the documentation.

Posted Tuesday, August 3, 2021

July, 2021 Newsletter

July, 2021 The Securities and Exchange Commission (SEC) announced an ambitious schedule in their Spring 2021 UnifiedAgenda of Regulatory and Deregulatory Actions. The announcement outlines both proposed and final rules for thisFall and Spring 2022. Rules coming out in October most likely to impact the XBRL community, as well as issuers,include a final rule for […more]

Posted Wednesday, July 7, 2021

June, 2021 Newsletter

June, 2021 SEC announced tools and programs to support issuers, XBRL application providers, and data users. On June 22, the Commission announced its intent to conduct a test pilot program to support the planned roll-out of the final rule Securities Offering Reform for Closed-End Investment Companies. This is an important development that will help issuers […more]

Posted Friday, July 2, 2021

Approved Validation Rules

Version 14.1.5 – Updated May, 2021

The Data Quality Committee released version 14 of freely-available rules and guidance in February.These 66 rules are automated checks helping US GAAP and IFRS filers detect and resolve inconsistencies or errors in XBRL-formatted financials before submission to the Securities and Exchange Commission.

View company-specific data quality filing results and aggregated results for selected rules. See tools certified for approved rules.

Posted Tuesday, June 1, 2021

May, 2021 Newsletter

May, 2021 Financial Transparency Act (FTA) reintroduced to 117th Congress. This important bill, if passed, calls for eight financial regulatory agencies to require data standards for their reporting entities. The FTA was reintroduced on May 4, 2021, as H.R. 2989 by co-sponsors Carolyn Maloney (D-NY) and Patrick McHenry (R-NC). Agencies named in the bill include […more]

Posted Thursday, May 6, 2021

The Calcbench Insider: May 2021

In this issue:

• non-GAAP adjustments
• executive compensation
• Rite Aid Corp. and negative goodwill
• corporate income taxes

Posted Monday, May 3, 2021

April, 2021 Newsletter

Sustainability and climate issues remain in the headlines in the US and Europe. US Treasury Secretary Janet Yellen gave a compelling speech this month outlining Treasury’s “whole-of-government” approach to climate change, emphasizing the importance of ESG data, and Treasury’s intent to work with the Securities and Exchange Commission (SEC) to ensure an effective approach to […more]

Posted Friday, April 2, 2021

March, 2021 Newsletter

March, 2021 Corporate sustainability takes center stage for both industry and regulators. March was a busy month for those interested in climate and other ESG topics. The Sustainability Accounting Standards Board (SASB) published its draft XBRL Taxonomy, which represents ESG metrics for 77 industry groups. XBRL US’ Domain Steering Committee reviewed and provided feedback to […more]