March 2017 Regulatory & Legislative News SEC Proposes Rule to Require Inline XBRL for Public Companies SEC Publishes Notice of Availability of the IFRS Taxonomy XBRL US News XBRL US Commends SEC Vote to Propose Requiring Inline XBRL for Public Companies Free webinar: Standards to Automate Processing for Contractors, Agents & Sureties, March 29, […more]
In this issue:
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]
In this issue: Walmart anti-corruption costs. Walmart has been mired in a long-running investigation of possible bribery to secure permits in Mexico, India, and elsewhere. Just how much money has this cost the world’s largest company since the investigation began in 2011? At least $820 million—a number you can find quickly and easily in the […more]
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.
In this issue: Predictive analysis and going concern warnings. A new standard goes into effect this month to impose more discipline around how companies assess their ability to continue as a going concern. Calcbench did an experiment to see how quickly we could identify filers with multiple poor financial metrics—which, in turn, could help analysts […more]
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]
In this issue: Time between filing the earnings release and the 10-Q. Ever wonder how much time companies take between filing their earnings release and then following up with the Form 10-Q to report those earnings? We did, so we did some digging. While the average time gap in second-quarter 2016 was four days, when […more]
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]
On September 30, XBRL US submitted a comment letter responding to the SEC proposal on Disclosure Update and Simplification. Key recommendations made in the letter include: Ensure that all facts that companies are required to report to investors be provided in a computer-readable format to facilitate greater ease of analysis, Require the use of standardized […more]
The national consortium for
the business reporting standard
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