This Q&A is intended as general guidance and should not be relied upon as authoritative. Filers are encouraged to consult with their own legal and/or with the SEC directly. Early Adoption/Timing Can a public company elect to tag the cover page on their 8-K using Inline XBRL before they file the first 10-Q? Or is […more]
SB 598, a bill introduced in California by Senator John Moorlach, was passed unanimously through the Senate Government Organization Committee. This is the second state Senate committee that has unanimously passed this bill which will go to a final vote before September 13. The bill calls for the creation of the Open Financial Statement Commission, consisting […more]
XBRL US applauds the decision by the Securities and Exchange Commission to adopt Inline XBRL for operating companies and funds.
Join the growing number of professionals using the XBRL application programming interface (API) to get reported data and check reports before filing.
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May/June 2018 Regulatory and Legislative News SEC Adopts Inline XBRL for Operating Companies and Mutual Funds SEC Publishes Draft Strategic Plan for 2018 – 2022 SEC Requests Comment on Fund Retail Investor Experience and Disclosure SEC Requests Comment on Proposal to Require Relationship Summary for Retail Investors SEC’s Baugess Speech at Financial Information Management Conference […more]
On June 28, 2018, the SEC approved, in a 4 to 1 vote, a final rule transitioning operating companies and funds to Inline XBRL. The SEC also noted that XBRL will continue to be part of disclosure controls and procedures and that there is no change in assurance requirements (XBRL is not subject to assurance). […more]
As we begin a brand new year, it’s always good to make a few resolutions that go beyond joining a health club, eating right and losing weight. So we have three recommendations to add to your list of resolutions. The first is get involved in industry efforts to improve the usability of XBRL data submitted to the SEC. It won’t require a lot of effort and you will receive some important benefits. For a small investment of your time, you will be on the forefront of imminent, groundbreaking regulatory changes, and you will be able to reduce your workload while significantly improving the quality of your XBRL financial data submitted to the SEC.
In addition to getting data directly from a regulator, XBRL US Members offer analytical tools, and XBRL US has freely-available APIs, spreadsheet templates and code resources connected to its Public Filings Database of more than 10 years of SEC, FERC and ESMA reports.
Notice Authorized Uses of this Document Copyright © 2016 – 2021 XBRL US, Inc. All Rights Reserved The “Work in Process Taxonomy” may be used by the public, royalty-free and may be incorporated without change in other works that comment on, explain, or assist in the use or implementation of the XBRL US Work in […more]
Any and all use of the XBRL APIs and data returned from the XBRL US Database of Public Filings is in explicit consent and agreement with the Terms of Agreement below. XBRL API and XBRL US Public Filings Database Agreement Updated July 1, 2021 This XBRL API and XBRL US Public Filings Database Terms of […more]
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