New rule would improve efficiency of SEC filing XBRL US today applauded the unanimous vote by the Securities and Exchange Commission (SEC) to publish a rule proposal requiring public companies to submit their periodic financial statements and footnotes using Inline XBRL. The Inline XBRL submission would replace the current practice of dual XBRL and HTML […more]
March 2017 Regulatory & Legislative News SEC Proposes Rule to Require Inline XBRL for Public Companies SEC Publishes Notice of Availability of the IFRS Taxonomy XBRL US News XBRL US Commends SEC Vote to Propose Requiring Inline XBRL for Public Companies Free webinar: Standards to Automate Processing for Contractors, Agents & Sureties, March 29, […more]
Switching to structured (XBRL) data after using HTML versions of financial filings is like trading in your flip phone for an iPhone. Wow. Suddenly you can do things you never thought possible.
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.
Corporate financials are now affordable, educating tomorrow’s investors. Professor Mike Phillips at California State University – Northridge, helped his students establish a student-run investment fund that today manages $3.5 million. The fund contains three portfolios – 1) an ETF (exchange traded fund); 2) a traditional common stock portfolio with an emphasis on growth and quality; […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.
FFIEC’s CDR provides Reports of Condition and Income (Call Reports) and Uniform Bank Performance Reports (UBPRs) for most FDIC-insured institutions. The information available on this site is updated to reflect the most recent data for both prior and current periods. The earliest data provided is from March 31, 2001.
November 2016 Regulatory & Legislative News SEC Chair Mary Jo White Announces Plans to Resign SEC Commissioner Stein Presents Vision for Data at the SEC SEC Publishes Draft EDGAR Filer Manual SEC Updates Inline XBRL Viewer XBRL US News Corporate Actions Message in Inline XBRL Created by XBRL US Standards in Solar Financial Reporting: […more]
Issuers encouraged to use the rules to identify and resolve data quality errors in financials XBRL US announced that it had published the second set of approved rules and guidance developed by the Data Quality Committee (DQC), which are now freely available for issuers to use to identify and correct errors in their filings. The […more]
The national consortium for
the business reporting standard
