SEC filers, investors, XBRL providers encouraged to comment, and to use approved Ruleset 9 The XBRL US Data Quality Committee (DQC) has published its 10th Ruleset for a 45-day public review and comment period, which closes on September 16, 2019. DQC rules are developed to aid issuers in preparing consistent, error-free financials, by providing automated […more]
The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on July 29, 2019 during which municipal issuer disclosures was addressed, among other topics. XBRL US submitted a comment letter to the Committee, recommending the use of data standards to increase transparency and improve efficiencies in the municipal securities markets. Highlights […more]
FASB Chairman Russ Golden to keynote XBRL US Investor Forum.
Topics to be covered include blockchain, artificial intelligence, new reporting domains like municipal securities reporting, and more.
Posted this month: SEC Announces August 13 Meeting of Small Business Capital Formation Advisory Committee SEC Staff to Host Roundtable on Management of Public Companies and Other Regulatory Requirements SEC Announces Upcoming Events for Main Street Investors in Boston SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules
The CFA Institute published results from a survey of 160,000 investment professionals on whether quarterly reporting was too short a reporting internal. Results show no support. Excerpt from the blog: “There has long been a debate as to whether quarterly reporting is the appropriate interval. Is it too short? And does this time between reports […more]
S.P. Kothari, Chief Economist and Director, Division of Economic and Risk Analysis, at the Securities and Exchange Commission gave a speech on July 13 at the National Bureau of Economic Research (NBER) conference on big data and high-performance computing, where he referenced the value of structured data and the Legal Entity Identifier. Highlights from his […more]
In this issue:
Marc Joffe, Senior Research Analyst at the Reason Foundation, and Chair, XBRL US State & Local Government Working Group, authored an article published by the Sunlight Foundation, where he noted: “In May, the California State Senate passed SB 598, the Open Financial Statements Act. The vote was an important milestone on the way toward opening up […more]
XBRL US submitted a response to the White House Office of Management and Budget, in response to the Federal Data Strategy Year-1 Action Plan. The letter noted that to attain the long-term vision of the Federal Data Strategy to better govern and leverage the Federal Government’s data, requires developing and implementing a single cross-agency data […more]
XBRL US sole practitioner member, Liz Sweeney, presented her views to the White House Office of Management and Budget during a July 8, 2019, Data Coalition event, held in Washington, DC, noting: “I believe that encouraging adoption of financial reporting standards for state and local governments would create synergistic benefits within the federal data strategy. Specifically, […more]
The national consortium for
the business reporting standard
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