March 2023 Online training programs from XBRL US are now freely available for regulators, developers and businesses. Three programs covering XBRL Fundamentals, Understanding the US GAAP Taxonomy, and Introduction to XULE (an open source processing language) have been developed to educate stakeholders in the reporting ecosystem. The first two programs include short videos and quizzes […more]
December, 2021 2022 promises to be an exciting year for the XBRL community with new structured data programs coming online from U.S. based public utilities reporting to the Federal Energy Regulatory Commission (FERC), European and UK companies filing through the European Securities Markets Authority (ESMA), and local Florida government entities reporting in XBRL to the […more]
Executive Summary Reporting, collecting, and analyzing data about individual grants, and the grantees themselves, is time-consuming, labor-intensive, and costly. Grantees prepare multiple forms, and duplicate data reported. Federal awarding agencies and other users of grantee information manually extract data from inconsistently prepared PDF forms or text files. The GREAT (Grants Reporting Efficiency and Transparency) Act […more]
On December 22, the Securities and Exchange Commission (SEC) published Rule 144 Holding Period and Form 144 Filings, which proposes to change the securities holding period start time and to mandate the electronic filing of Form 144 for securities subject to Exchange Act reporting requirements. The section of the proposal on Format requirements, states: While […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]
Corporate earnings are of keen interest to investors as a critical measure of value. But “unremitted (untaxed) foreign earnings”, which have significant implications for corporate earnings, may be off the radar screen of many investors simply because of its placement in company filings, embedded in the notes to the financials. The cumulative balance of untaxed […more]
BDO USA, LLP, the US member firm of BDO International, a global accounting network, was asked to evaluate the fair value of the intangible assets acquired as part of a business combination. A primary factor in this type of evaluation is determining the reasonableness of the underlying projections used to support the intangible asset values. […more]
Every once in awhile a data collection process comes along that is ripe for standardization – the Department of Labor’s (DOL) Form 5500 Annual Report for pension fund data is one such system. The DOL’s Employee Benefits Securities Administration (EBSA) published proposal to modernize the data collection process of the annual report and corresponding schedules, with an eye towards giving data users the ability to perform better analysis of individual plans, multi-plan comparisons and trends; aid the agencies efforts at enforcement and at monitoring compliance issues; assist auditors; and provide new research opportunities.
August 2016 Regulatory & Legislative News SEC Publishes Rule Proposal on “Disclosure Update and Simplification” for Public Comment SEC Posts Sample Inline XBRL Document XBRL US News XBRL US Announces Half-Day Investor Forum: Finding Value with Smart Data, October 24, 2016 in New York Data Quality Committee (DQC) Public Review to Close August 31, […more]
June/July 2016 Regulatory & Legislative News SEC Investor Advisory Committee Publishes Letter Favorable to Structured Data SEC Announces Issuers are Permitted to Use Inline XBRL to Replace Combined XBRL and HTML Filings First Inline XBRL Submission Posted to SEC’s EDGAR System XBRL US News Data Quality Committee (DQC) Publishes 2nd Set of Rules & […more]
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