News Archive

The Calcbench Insider: August 2020

In this issue:

• Delta’s bad luck on investments
• Egg prices cracked, and Cal-Maine got fried
• On the rise: loan loss provisions
• Rolling up on toilet paper sales
• Looking at Q2 coronavirus disclosures

SEC Proposes Disclosure Modernization for Open-End Investment Management Companies

The proposal on Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements  addresses rule and form amendments to modernize the disclosure framework for open-end management investment companies. While this rule does not call for XBRL […more]

SEC Proposes Reporting Threshold for Investment Managers

The Securities and Exchange Commission published a rule proposal, Reporting Threshold for Investment Managers, which seeks comment on revising the disclosure requirement thresholds for investment managers filing form 13F data, which today is submitted in structured format, using a custom XML schema. This data would be more usable if it was prepared or converted to […more]

SEC Requests Extension on Current Form 6-K Data Collection

The Securities and Exchange Commission asked for an extension of their current data collection process for Form 6-K. While cover page tagging is required for Form 8-K, it is not required for Form 6-K. Comments are due in 30 days, by September 3, 2020. Read the data collection extension request.

XBRL US Data Quality Committee Public Exposure of 13th Ruleset for US GAAP Filers

The DQC is holding a webinar on Wednesday, August 19 at 3 PM EDT to explain the new draft and finalized rules, and to review an in-depth analysis of recent trends in filer errors made in SEC submissions. Register for the free webinar.

Video: XBRL for Analysts and Investors

Analysts and investors gain from widespread availability of structured (XBRL) data. Find out how from: Adrien Cloutier, CFA, Global Director of Equity Data, Morningstar Pranav Ghai, CEO, Calcbench Diana Serbu, Head of Company Data Strategy and Management, Refinitiv (formerly Thomson Reuters) See excerpts from the video below. Pranav Ghai, CEO, Calcbench: “We can make data […more]

Video: Become an SEC Filer Member

Get serious about data quality. Become an XBRL US SEC Filer Member.

XBRL US Comments on SEC’s Draft VIP Taxonomy

XBRL US submitted a comment letter to the SEC’s Office of Structured Disclosure providing input on the draft VIP Taxonomy which will be used by variable annuity and variable life insurance companies to comply with the SEC’s recently finalized rule on Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts. […more]

FASB Publishes Draft Guide on Extensible Lists

The FASB published a Proposed Taxonomy Implementation Guide, Extensible Lists: A Guide for Preparers, for a public comment period ending on September 21, 2020. The guide explains XBRL extensible lists which allow for the definition of concepts from a predefined list of values. The FASB is seeking comment from users on definitions for glossary terms […more]

XBRL US Publishes Guidance for Regulators Building Financial Data Standards Programs

The Taxonomy Development Handbook is a comprehensive guide for regulators, industry experts, and businesses to build consistent, high quality data standards that are easy to implement and that produce data that is easy to consume. Attend a free webinar about the resource on Wednesday, August 12 at 3 PM EDT.