February, 2021 SEC EDGAR System supports XBRL US DQC rules. In its draft EDGAR Filer Manual (Volume II), the Commission announced that EDGAR Release 21.1 will support XBRL US Data Quality Committee (DQC) rules in the US GAAP Taxonomy Release 2021, noting: EDGAR will support new data quality-enhancing checks included by FASB in the US-GAAP […more]
On February 3, 2021, the Securities and Exchange Commission (SEC) announced that they will be releasing a limited access pilot test environment for beta-testers, to help filers and vendors try out the impact of a new URL that will be used for EDGAR submissions. The test environment, EDGAR BETA, will give filers and vendors early […more]
v22 The Data Quality Committee approves rules 3-4 times per year, and XBRL US Members who participate in the Center for Data Quality and provide filing software to clients must be certified each time new rules are approved by the Committee. Center for Data Quality software providers earn initial DQC Certification for a release […more]
October / November 2019 Legislative and Regulatory News ROC of the LEI Seeks Comment on LEI for Government Entities SEC Proposes Inline XBRL for Fee Calculation Tables and Fee Footnotes Senate Passes GREAT (Grant Reporting Efficiency and Agreements) Act SEC Proposes Update of Statistical Disclosures for Banks and Savings and Loan Registrants FASB Proposes Updates […more]
August / September 2019 Legislative and Regulatory News SEC Publishes Draft EDGAR Filer Manual for Public Review SEC Analyzes Extension Elements in XBRL Filings SEC Chief Economist Speaks on Big Data at NBER SEC Publishes Compliance and Disclosure Interpretation on Inline XBRL SEC Publishes Modernization of Regulation S-K, Items 101, 103 and 105 Rule Proposal […more]
Functions & Properties Before a XULE expression can be executed it needs to be compiled. The expression can be either compiled at run time or compiled and saved and run separately. The latter is how the Data Quality Committee ruleset .zip files are distributed from the reference implementation code. As an example, the snippet below as ‘Assets.xule’ […more]
June 2019 Legislative and Regulatory News GREAT Act Passes Senate Committee on Homeland Security & Government Reform FERC Adopts XBRL Standards for Utilities Reporting California State Assembly Committee Approves SB 598, Open Financial Statements Act SEC Publishes Concept Release to Harmonize Exempt Offerings SEC Updates EDGAR to Release 19.2, Publishes DEI Taxonomy U.S. Federal Data […more]
April/May 2019 Legislative and Regulatory News SEC Publishes Draft EDGAR Filer Manual SEC Proposes XBRL for Reporting by Business Development Companies & Closed End Funds SEC Finalizes FAST Act Requires XBRL Tagging for Cover Page Small Business Administration Accepts XBRL Data for Surety Bond Guarantee Program FERC Proposal on Transmission Investment Activity References Use of […more]
January/February 2019 Legislative and Regulatory News Federal Energy Regulatory Commission Publishes Proposal to Require XBRL for Utilities Reporting Open Government Data Act Passed GREAT Act Passes the U.S. House of Representatives Federal Energy Regulatory Commission Issues RFP for XBRL Solution XBRL US News SEC Comment Letter on Proposed Collection of Interactive Data XBRL US Publishes […more]
November/December 2018 Regulatory and Legislative News SEC Publishes List of Rules to be Reviewed Including XBRL Requirement Rules SEC Posts Draft EDGAR Manual, Effective December 17, 2018 SEC Staff Finds IFRS Filings Have Higher Custom Tag Rates Than US GAAP Filings SEC Proposes Rule on Variable Annuity Referencing Inline XBR SEC Commissioner Kara Stein Speech […more]
The national consortium for
the business reporting standard
