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The Securities and Exchange Commission (SEC) published a final rule proposal on Amendments to Modernize Share Repurchase Disclosure. The requirements require tabular disclosure of repurchase activity aggregated on a daily basis, and disclosed either quarterly or semi-annually. Structured data requirements are stated in the rule as follows: We are adopting, as proposed, final amendments to […more]
XBRL US submitted a comment letter to the General Services Administration (GSA) regarding a Request for Information on the Federal Integrated Business Framework (FIBF) Information Management Toolset. The FIBF Framework is part of the implementation of the Grants Reporting Efficiency and Transparency (GREAT) Act which aims to bring data standards into the grants reporting process […more]
The Securities and Exchange Commission announced that they will be holding an open meeting on May 3, 2023, at 10 AM ET to address: Whether to adopt rule amendments that modernize and improve disclosure about repurchases of an issuer’s equity securities that are registered under the Securities Exchange Act of 1934, including requiring issuers to […more]
The Securities and Exchange Commission (SEC) announced plans to hold a Municipal Securities Disclosure Conference on May 10, 2023 at SEC headquarters. The event will have both in-person and virtual access and registration is required. The deadline to register is May 5, 2023. Topics to be covered include: Financial Data Transparency Act (FDTA) Voluntary Disclosure […more]
The Financial Accounting Standards Board (FASB) issued for comment proposed GAAP Taxonomy Improvements for the Proposed Accounting Standards Update—Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, to improve the accounting for and disclosure of certain crypto assets. Comments are due by June 6, 2023. Read the action alert: FASB Staff […more]
The Financial Accounting Standards Board (FASB) issued for comment proposed GAAP Taxonomy Improvements for the Proposed Accounting Standards Update—Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The comment period for this public exposure ends on May 30, 2023. Read the action alert: FASB Staff Issues Proposed GAAP Taxonomy Improvements for Proposed ASU on Improvements […more]
The Financial Accounting Standards Board (FASB) announced that the Securities and Exchange Commission (SEC) has accepted the 2023 GAAP Financial Reporting Taxonomy and the 2023 SEC Reporting Taxonomy. The FASB also finalized the 2023 DQC Rules Taxonomy. Read the FASB announcement: XBRL SEC Accepts GAAP Taxonomies Action Alert_20230321
The Securities and Exchange Commission (SEC) held an open meeting to discuss amendments to require broker dealers and other registrants to electronically file certain forms that are currently allowed to be submitted in paper format. All SEC commissioners unanimously supported the proposal. Comments are due 60 days after publication in the Federal Register or May […more]
The Securities and Exchange Commission (SEC) announced that the EDGAR System has been upgraded to Release 23.1 and now supports 2023 taxonomies. The newly released Executive Compensation Disclosure (ECD) taxonomy now includes the elements needed for tagging disclosures required by the Commission’s final rule on Insider Trading Arrangements and Related Disclosures. The 2023 U.S. Generally Accepted […more]
The Securities and Exchange Commission (SEC) published a rule proposal, Addressing Cybersecurity Risks to the U.S. Securities Markets, which calls for broker-dealers, the Municipal Securities Rulemaking Board, clearing agencies, major security-based swap participants, national securities associations and exchanges, security-based swap data repositories and swap dealers, and transfer agents, to address their cybersecurity risks. They will […more]
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