On February 22, 2019, the Federal Energy Regulatory Commission (FERC) published an RFP to replace their current VFP Forms and applications with a technical XBRL solution that allows filers to file in a system that uses XBRL and to allow Commission staff to update taxonomies, filing, and reporting requirements for these Forms independent of IT […more]
In this issue:
The SEC has updated their interactive data test suite which can be found here. Read the release.
On March 11, 2019, the following changes will be made to the EDGAR Filer Manual as part of EDGAR Release 19.1 related to Inline XBRL: The list of submissions that allow the primary document to be in iXBRL format is expanded to include submission form types S-1, S-1/A, S-1MEF, S-3, S-3/A, S-3ASR, S-3D, S-3DPOS, S-3MEF, […more]
Richard Berner, Executive-in-Residence at the Center for Global Economy and Business at the NYU Stern School of Business, and Adjunct Professor in the Department of Economics, and Kathryn Judge, Professor of Law at Columbia Law School. from New York University and Columbia have written a white paper, The Data Standardization Challenge, which examines the numerous public […more]
XBRL US has submitted a comment letter responding to the SEC request for comment on the Proposed Collection of Interactive Data. Key points made in the letter: Access to interactive data enhances the Commission’s ability to monitor companies and perform analysis Reduces the cost of analysis for investors and analysts Streamlines and improves efficiencies (reduces cost) […more]
To hear CFA Institute perspectives on how technology is driving changes in corporate reporting, listen to this podcast of Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute, in conversation with the UK Financial Reporting Council on: how investors use structured data; how data providers pull XBRL data from filings, normalize and clean […more]
Government representatives, investors, analysts, and software providers invited to review XBRL US announced today that it has published a Demonstration Release Taxonomy representing selected portions of the Comprehensive Annual Financial Report (CAFR) used by state and local governments to report financial data. The taxonomy was developed by the XBRL US State and Local Government Disclosure […more]
The Federal Energy Regulatory Commission (FERC) posted a proposal to require the use of XBRL for reporting Commission Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714 for utilities. The proposal is out for a 30 day comment period which ends March 6, 2019. Read the proposal.
The GREAT Act (H.R. 150) unanimously passed the House of Representatives in the 116th Congress. The GREAT (Grants Reporting Efficiency and Agreements Transparency) Act calls for the creation of a comprehensive and standardized data structure (“taxonomy”) covering all reported federal grant and assistance data. Read the bill.
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