On November 4, 2021, the IFRS Foundation announced the formation of the International Sustainability Standards Board which will develop a comprehensive global base of sustainability disclosure standards to meet investor needs for ESG-related data. They also announced the consolidation of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (which is composed of […more]
XBRL US submitted a comment letter in response to the Securities and Exchange Commission’s Request for Comment on the 2021 Q4 release draft which updates the Closed-End Fund (CEF) from the previous version that was out for public review in April 2020. Read the release announcement. Read the XBRL US letter: XBRL US Comment on Draft […more]
Effective data standards programs focus on results.
Are you short-cutting efforts that sabotage the quality of the image you’re trying to share with your audience?
The Securities and Exchange Commission published the final rule for Filing Fee Disclosure and Payment Methods Modernization, a significant rule that will require Inline XBRL for, “…most fee-bearing forms, schedules and statements to provide that each filing’s calculation of filing fee tables, together with related explanatory notes to the filing fee tables, include all required […more]
The Securities and Exchange Commission today reopened the comment period for their rule proposal on Listing Standards for Recovery of Erroneously Awarded Compensation, which if finalized as proposed, would require issuers to establish and implement a policy for recovery of incentive-based compensation based on financial information required to be reported. The rule would require the […more]
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The Securities and Exchange Commission (SEC) announced their plans for EDGAR Next – Improving Filer Access and Account Management. EDGAR Next involves a rule proposal for technical changes to how filers access the EDGAR System to make submissions and how filers manage individuals who make submissions on their behalf. The rule proposal is out for […more]
On September 29, 2021, the Securities and Exchange Commission (SEC) announced a rule proposal, Enhanced Reporting of Proxy Votes by Registered Management Investment Companies; Reporting of Executive Compensation Votes by Institutional Investment Managers, for a 60-day public comment period. The proposal would amend Form N-PX to enhance the information reported and make it easier to […more]
Today the Securities and Exchange Commission (SEC) announced that the FASB has issued proposed technical and other confirming improvements for the 2022 SEC Reporting Taxonomy, along with related release notes and a proposed Technical Guide. The FASB is requesting comments on the guide and taxonomy improvements. Comments should be submitted directly to the FASB. Download […more]
Application of the Data Quality Committee’s (DQC) freely-available, open-source rules and guidance by public companies and their filing agents as partners has resulted in reduction in the overall number of issues noted by the DQC in EDGAR filings since the collaborative effort of industry stakeholders – filers, filing agents, data providers, academics, standard-setters and member associations – was launched in 2015.
The national consortium for
the business reporting standard
