On December 23, 2022, President Biden signed into law H.R. 7776, the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 which includes TITLE LVIII, the Financial Data Transparency Act (FDTA). The FDTA calls for the use of data standards by member agencies of the U.S. Financial Stability Oversight Council, including U.S. Treasury, […more]
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]
The XBRL US Data Quality Committee (DQC) has published it’s 20th Rule Set with five proposed rules for corporate issuers, and two rules that are specific to business development companies (BDC). This year, BDCs began preparing their financials in XBRL format, to comply with new rules established by the Securities and Exchange Commission (SEC). BDCs […more]
XULE is an XBRL processing syntax that lets users manipulate and evaluate XBRL content, including facts, reports, and taxonomies, so that the information can be normalized, verified and displayed consistently. 1. Get started with XULE How XULE works Compiled XULE files (.zip format) read XBRL instance documents through XBRL processing software. Arelle is an open-source […more]
The Federal Government and individual agencies are rapidly recognizing the value of structured data. Recent legislation and regulatory actions show the increasing call to treat data as a strategic asset and embrace standardization to safeguard decision-useful data. Congressional Budget Justification Transparency Act of 2021 Signed by President – Requires Agencies to Post Budget Materials in […more]
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]
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]
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]
Built on the Microsoft® Office® platform, Toppan Merrill Bridge (“Bridge”) integrates seamlessly and intuitively with the tools you already use, unlocking full control, collaboration and confidence to meet global regulatory disclosure requirements. A truly hassle-free approach to financial content management and regulatory disclosure compliance. Bridge is intuitive technology that works with your work group to […more]
October, 2020 SEC Commissioner Allison Herren Lee, and PwC Vice Chair Wes Bricker will provide keynote addresses at the XBRL US Investor Forum 2020, November 17-18, 2020. Commissioner Lee has been an outspoken advocate for transparency and greater accountability to help small business, increase diversity and improve access to information for investors. Wes Bricker, who […more]
The national consortium for
the business reporting standard
