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]
May 2016 Regulatory & Legislative News SEC Chair White Comments on Crowdfunding Challenges at IOSCO, Lima Peru, May 11, 2016 SEC Publishes Small Entity Compliance Guide for Issuers, May 13, 2016 SEC Commissioner Stein Speech on Disclosure Effectiveness Initiative U.S. Treasury Publishes Data Act Schema, April 29, 2016 SEC Publishes Concept Release on BUSINESS […more]
April 2016 Regulatory & Legislative News SEC Releases Staff Observations on Use of Custom Axis Tags in XBRL Submissions FASB Publishes Video on Importance of GAAP Taxonomy XBRL US News FinTech Forum Announced: Crowdfunding & Data Standards to be Held June 28 in New York City XBRL US Comments on SEC Concept Release on […more]
January 2016 With our first newsletter of the year, we’d like to take the opportunity to highlight some of the key activities that have served to increase XBRL adoption and use in the US, and address how we’ll expand on those initiatives in the year ahead. Data quality was the most critical focus in 2015 […more]
The national consortium for
the business reporting standard
