The latest on Using XBRL Data

Posted Monday, June 5, 2023

May 2023 Newsletter

May 2023 XBRL US publishes white paper, “Data Standards and the FDTA”, sponsored by Donnelley Financial Solutions (DFIN). The paper explores the current state of data management among agencies and provides a roadmap to meet the achievable goals laid out in the FDTA. It describes the current state of 400+ data sets collected by covered […more]


Posted Friday, May 5, 2023

April, 2023 Newsletter

April 2023 SEC to host Municipal Securities Disclosure Conference on May 10, 2023. The program agenda will cover the Financial Data Transparency Act (FDTA), voluntary disclosures, risks, and current disclosure topics. Members are encouraged to attend and registration is required (deadline to register May 5, 2023). SEC announced that they had reopened the comment period […more]


Point of View

Posted Wednesday, April 5, 2023

Inconsistent bank regulation spells trouble for investors

By Campbell Pryde, President and CEO, XBRL US
Loopholes in regulatory disclosure requirements allow certain banks to opt out of filing to the SEC, including the recently failed Signature Bank (which also happens to be big enough to be part of the S&P 500). Equity investors need consistent disclosures across all banks. The FDTA could help resolve this kind of regulatory fragmentation.


Posted Monday, April 3, 2023

March 2023 Newsletter

March 2023 Online training programs from XBRL US are now freely available for regulators, developers and businesses. Three programs covering XBRL Fundamentals, Understanding the US GAAP Taxonomy, and Introduction to XULE (an open source processing language) have been developed to educate stakeholders in the reporting ecosystem. The first two programs include short videos and quizzes […more]


Point of View

Posted Saturday, March 25, 2023

Silicon Valley Bank losses hiding in plain sight

By Campbell Pryde, President and CEO, XBRL US Silicon Valley Bank went bankrupt because it had unrecognized losses on held-to-maturity securities that were greater than the bank’s equity. And the losses started climbing as early as March of 2022 as shown on the graph below. If the bank was forced to sell these securities and […more]


Posted Monday, March 6, 2023

January/February 2023 Newsletter

January/February 2023 SEC final rule calls for Inline XBRL for disclosures on policies to facilitate straight-through-processing. The final rule, Shortening the Securities Transaction Settlement Cycle is effective 60 days after the 3/6/2023 publication to the Federal Register. The rule adopts amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days […more]


Posted Sunday, January 1, 2023

December 2022 Newsletter

Happy New Year! 2023 will be an especially important year for data standards and XBRL. The Financial Data Transparency Act (FDTA) was just signed into law. The rapid expansion of XBRL requirements for SEC corporate and investment management companies is placing greater demands on our members and on the Commission itself. And there’s a groundswell […more]


Posted Friday, December 2, 2022

November 2022 Newsletter

November, 2022 XBRL US Data Quality Committee (DQC) 20th Rule Set includes rules for Business Development Companies (BDC) and public companies. BDCs have just begun reporting financials in XBRL format for the first time this year, and the DQC is now preparing rules to help these new filers identify potential issues before their financials are […more]


Posted Thursday, November 10, 2022

October 2022 Newsletter

October, 2022 The Securities and Exchange Commission (SEC) finalized two new rules with XBRL requirements. Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements adopts amendments for annual and semi-annual shareholder reports provided by mutual funds and exchange-traded funds to highlight key information for shareholders and format the disclosures […more]


Posted Thursday, October 6, 2022

September 2022 Newsletter

September, 2022 XBRL US weighs in on technical aspects of the IFRS Sustainability Disclosure Taxonomy. The IFRS requested input on taxonomy groupings, use of dimensions, narrative information, modeling metrics and other topics. The XBRL US comment addressed IFRS staff recommendations on the [Draft] IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information; and [Draft] […more]


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