Attend this one-hour session for a review of the DQC public review ruleset 15, and learn how the SEC and FASB leverage the DQC rules. The public review includes nine rules specific to US GAAP filers, and one rule specific to IFRS filers. Categories of errors these rules are designed to identify, range from incorrect use of certain axes to problems in the consistency of facts reported over time.
XBRL was named in Forbes April 15 article, The SEC’s Technology Modernization Is Accelerating – Are You Ready? as one of the SEC’s important modernization efforts, noting: “…the SEC has notched significant progress adjusting rules and enforcement in response to technological disruptions over the past two decades. For example, the commission’s 2009 rule requiring the […more]
The XBRL US Center for Data Quality kicked off its 15th public exposure period on April 15 and the comment period closes on May 31, 2021. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on nine new rules, including Fact Value Consistency Over Time for filers using the […more]
SEC filers that are Small Reporting Companies and foreign private issuers should attend this 60-minute session on Inline XBRL and cover page tagging. Find out how and why investors and analysts use XBRL-formatted financials from small cap companies.
The Board of Governors of the Federal Reserve System, Bureau of Consumer Financial Protection, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency, have published a Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning. The goal of the RFI is to […more]
The Securities and Exchange Commission (SEC) announced the adoption of interim final amendments to Forms 20-F, 40-F, 10-K, and N-CSR to implement disclosure and submission requirements of the Holding Foreign Companies Accountable Act (HCFA) Act. The interim final amendments apply to: “…registrants that the Securities and Exchange Commission identifies as having filed an annual report […more]
The EU and UK rollout of ESEF (Inline XBRL) has begun, with filings from companies in Austria, Estonia, Finland, France, the Netherlands, Spain, and the UK, among others. We’ve started posting these valuable, machine-readable filings on XBRL US.
The Federal Energy Regulatory Commission (FERC) announced that on April 15, 2021, the XBRL taxonomies, validation rules, and rendering files needed for the FERC XBRL rollout will be updated to Release 1.5, and will be available in the Yeti viewer. FERC’s current Visual FoxPro-based system will no longer be available for filings submitted after September […more]
XBRL US member Marc Joffe, chair of the Standard Government Reporting Working Group, and Senior Policy Analyst at the Reason Foundation, weighed in on the need for better revenue and expenditure data from state and local government to appropriately allocate COVID-19 aid funds in his March 16 article published at Federalism.US. Joffe notes: “During the […more]
Analysts and investors race to beat the clock on earnings day. What if earnings announcements were machine-readable?
The national consortium for
the business reporting standard
