August 2020 Newsletter

August, 2020 The Financial Accounting Standards Board (FASB) published EE 2.0 impact on XBRL service providers and software. The impact study, called Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready?, addresses the implementation of this new XBRL International technical specification in the 2021 US GAAP Taxonomy. Providers […more]


FASB Publishes Extensible Enumerations 2.0 Impact on Providers & Software

To aid service providers and XBRL software providers, the FASB published Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready? which addresses the implementation of Extensible Enumerations 2.0 in the 2021 US GAAP Taxonomy. Read the impact study.  


Single Audit, data standards, and the GREAT Act

Campbell Pryde, President and CEO, XBRL US

The success of the GREAT Act depends on the data standards, and the implementation. That’s why it’s important to have all the facts on how grantees report today, and on how the right standard can be applied to not only meet the “letter of the law” but fulfill the promise of this important legislation.


April, 2020 Newsletter

April, 2020 Economic difficulties brought on by the COVID-19 crisis highlight the value of timely, accurate, consistent data to aid in the administering of loan programs like the small business loans in the CARES stimulus package, and in other relief programs we’re likely to see down the road. Congress has approved billions in funds for […more]


Protected: Understanding the FERC Taxonomy (Members-only Webinar)

3:00 PM ET Thursday, April 30, 2020
XBRL US Webinar
Watch / listen to webinar

There is no excerpt because this is a protected post.


SEC Final Rule on Financial Disclosures about Guarantors & Issuers of Guaranteed Securities

The Securities and Exchange Commission published its final rule Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities. The rule was adopted largely as initially proposed and gives parent companies the flexibility to provide the Revised Alternative Disclosures inside or outside of the consolidated financial statements which […more]


Inline XBRL for Small Reporting Companies and Foreign Private Issuers – Session 1

2:00 PM ET Wednesday, May 19, 2021
XBRL US Webinar
Watch / listen to replay

SEC filers that are Small Reporting Companies should attend this 60-minute session on Inline XBRL and cover page tagging. Hear from the SEC Office of Structured Disclosure on best practice and lessons learned.


SEC Requires XBRL in Final Rule “Securities Offering Reform for Closed-End Investment Companies”

The Securities and Exchange Commission published the final rule for Securities Offering Reform for Closed-End Investment Companies, which modifies the registration, communications and offering process for business development companies (BDC) and other closed-end investment companies. In addition, the final rule adopts structured data reporting requirements: BDCs will be required to submit financial statements in Inline […more]


March 2020 Newsletter

March, 2020 March has been a difficult month, as we all adapt to a new environment, way of living and doing business. Filers and XBRL providers may face challenges and the SEC has instituted several temporary relief measures to help filers during the COVID-19 crisis. Many of our members are small businesses which face unique […more]


Guidance - Variable Interest Entities
Public Review Ended
May 1, 2020

Variable Interest Entities Guidance

This DQC guidance is designed to address the introduction of the ConsolidatedEntitiesAxis in the 2020 US GAAP Taxonomy. US GAAP taxonomies up to 2019 included in the VIE section of the taxonomy a balance sheet location axis to facilitate reporting the balances on the balance sheet of the portion applicable to the VIE. This was originally designed to allow the use of the Consolidated VIE line items in conjunction with the BalanceSheetLocationAxis. Effective with the 2020 US GAAP Taxonomy, the recommended approach is to discontinue use of the BalanceSheetLocationAxis and instead use the balance sheet line items with the ConsolidatedEntitiesAxis and VariableInterestEntityPrimaryBeneficiaryMember.