The XBRL US Data Quality Committee responded to FASB’s request for comment, which resulted in significant changes to the Final 2017 taxonomy released for SEC review and approval as compared to the draft.
XBRL US and ConsenSys, a blockchain technology company, announced the formation of a working group to develop standards for tokenization of assets on the blockchain. A token is a digital representation of an asset, e.g., debt, equity, cash or a physical asset (i.e. a vehicle or a piece of artwork).
In this issue: Predictive analysis and going concern warnings. A new standard goes into effect this month to impose more discipline around how companies assess their ability to continue as a going concern. Calcbench did an experiment to see how quickly we could identify filers with multiple poor financial metrics—which, in turn, could help analysts […more]
In this issue: Time between filing the earnings release and the 10-Q. Ever wonder how much time companies take between filing their earnings release and then following up with the Form 10-Q to report those earnings? We did, so we did some digging. While the average time gap in second-quarter 2016 was four days, when […more]
Remarks made at the Big Data Conference on “A Vision for Data at the SEC” reiterating her suggestion that the SEC create a Digital Disclosure Task Force to develop a strategy for how the SEC acquires and provides data to investors and market participants. She also suggests that the SEC should create a new “Office […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]
XBRL US announced the start of its third public exposure period for guidance and rules developed by the Data Quality Committee (DQC), which is funded through the Center for Data Quality. The Committee is responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC and focuses on data quality issues that adversely affect data analysis.
Big Data, Database, and XBRL Tools Get a Huge Boost It’s time for the latest release of Altova’s MissionKit and server software products, and this one delivers a huge boost in functionality for working with big data, databases, XBRL, and much more. With support for Apache Avro in multiple products, additional databases and […more]
For those who took a summer vacation in August, Calcbench has been busy expanding our product lineup and doing more dabbling in financial data research. Whether you’re new to our products or looking to learn more about how we can improve your day-to-day, we hope you find the newsletter useful.
The proposed 2017 U.S. Financial Reporting Taxonomy contains updates for accounting standards and other improvements since the 2016 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC). Interested parties are encouraged to review and provide feedback on the Proposed 2017 Taxonomy. The 60-day comment period ends October 31, 2016, and […more]
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