Research on data reported in 10-Ks filed by 498 public companies (roughly representing the S&P 500) demonstrates a significant amount of duplication. 54% of facts reported had been reported already in previous filings. Company workload in the filing process could be reduced by only requiring companies to report facts that have not already been reported. […more]
XBRL US announced today that the XBRL US Data Quality Committee has approved and published the first set of validation rules to help public companies detect inconsistencies or errors in their XBRL-formatted financial data. The rules cover approximately 2,400 concepts and identify potential errors such as incorrect negative or positive values, improper relationships between elements, and incorrect dates associated with certain data.
SEC Commissioner Piwowar expressed support for inline XBRL to “improve the accuracy of structured data, ease burdens on issuers, and facilitate easier review” at FEI’s CFRI Conference, November 17, 2015.
Today Altova® (http://www.altova.com) announced new features in the 2.0 release of MobileTogether, its paradigm shifting mobile development framework for multi-platform, data- centric apps. What’s revolutionary about MobileTogether? Using your in-house developers with no mobile development experience necessary, you can create sophisticated, native apps for all platforms in record time: anywhere from a couple days to […more]
This set of freely available spreadsheet templates and APIs lets analysts, investors, data providers and regulators easily extract XBRL-formatted financial fundamentals. The toolkit includes templates that perform analyses on margins, leases and balance sheets, in addition to APIs that allow users to extract reported values. XBRL data produced by using the toolkit is driven by […more]
Calcbench has entered into a relationship with the SEC that will provide a significant number of analysts access to its platform, normalized metrics, raw XBRL search tools, data about XBRL filing errors, and more. It’s a great step forward for the XBRL movement and finance professionals as a whole. More on this and the full newsletter: http://us4.campaign-archive1.com/?u=f573a7b42cdce2d803a4ecbcf&id=e17267cc23
Altova® (http://www.altova.com), today announced the release of Version 2016 of its MissionKit desktop developer tools and server software products. This latest release introduces innovative new functionality including the first enterprise-grade graphical JSON Schema editor in XMLSpy, the revolutionary, long-anticipated MapForce Data Mapping Debugger for diagnosing and perfecting data mapping projects, Windows 10 support and updated […more]
Speakers from Bloomberg, Credit Suisse, OFR/Treasury, SEC, S&P Capital IQ confirmed XBRL US today announced a ½ day forum for investors, analysts, regulators, data and analytical tool providers: Improving Financial Analysis through Structured Data. The forum is hosted by Baruch College’s Zicklin School of Business at their E. 25th Street campus and offered through partnerships […more]
On September 25, as part of the SEC’s Disclosure Effectiveness Initiative, a broad-based staff review of the disclosure requirements and the presentation and delivery of the disclosures, the SEC published a Request for Comment on Regulation S-X which a proposal that disclosures about entities other than a registrant be made in XBRL format.
In a speech to the Institute of Chartered Accountants in England and Wales, SEC Commissioner Kara Stein reiterated SEC support for inline XBRL as a means to improve the quality of structured data for investors.
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