The Municipal Securities Rulemaking Board (MSRB) published a Request for Information on Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market. The Board seeks input on how best to enhance issuer protection, investor protection, and the overall fairness and efficiency of the municipal securities market in relation to: (1) the disclosure of information […more]
Liberty Mutual Surety, a global business with bond capabilities in more than 60 countries, relies on access to timely and accurate financial statement data on public and private companies, mostly to analyze corporate financial health for bonding and to conduct benchmarking and trend analysis. The financial data is also used by the claims department when […more]
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes, File Number S7-12-21. The proposed changes are designed to increase security around the EDGAR administration and filing submission processes. The letter was prepared by the XBRL US […more]
The University of Michigan announced a partnership with the city of Flint, MI, on a fiscal reporting pilot program to improve transparency and governance. The pilot centers on developing digitized data standards to represent the Annual Comprehensive Financial Report (ACFR), and will build on the XBRL Taxonomy developed by the XBRL US Standard Government Reporting […more]
The Federal Energy Regulatory Commission (FERC) published a Notice of information collections and request for comments for FERC Form Nos. 6 and 6T (Annual Report of Oil Pipeline Companies) and 6-Q and 6-QT (Quarterly Report of Oil Pipeline Companies). Forms 6 and 6-Q are now required to be reported in XBRL format. Comments are due […more]
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed GAAP Taxonomy Improvements for a Proposed Accounting […more]
Attend December 2 webinar for review of proposed and recently approved rule sets The XBRL US Data Quality Committee (DQC) has published its 17th Rule Set for a 45-day public review and comment period, which closes on December 31, 2021. This latest draft rule set contains three rules specific to US GAAP filers, two rules […more]
The SEC’s EDGAR Next program is coming in Spring, 2022. Learn about significant changes anticipated for SEC filers in terms of user management and administration, as well as the submission process. Complete a brief survey to share your feedback on this SEC program.
XBRL US provided feedback to the Request for Information on Behalf of the Chief Data Officers (CDO) Council, which was published by the Office of Shared Solutions and Performance Improvement (OSSPI). The CDO Council has 5 statutory purposes: 1) establish Governmentwide best practice for the use, protection, dissemination, and generation of data; 2) promote and […more]
The XBRL US Center for Data Quality kicked off its 17th public exposure period on November 15 and the comment period closes on December 31, 2021. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on eight new rules. Investors, analysts, public company accountants, data aggregators, tool and service […more]
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