The Sustainability Accounting Standards Board (SASB) announced the start of a 60-day (through April 22) public review of their XBRL Taxonomy. They are soliciting feedback about various technical and usage aspects of the taxonomy. Materials available through the public review include the Draft Taxonomy, Preparer Guide, and Sample XBRL Instance Document, as well as guides […more]
The Securities and Exchange Commission (SEC) announced the publication of the DRAFT EDGAR Filer Manual (Volume II) with an implementation date of March 22, 2021. The SEC announced a number of changes in EDGAR Release 21.1 including the fact that EDGAR will support XBRL US Data Quality Committee (DQC) rules in the US GAAP Taxonomy […more]
XBRL US submitted a comment letter to the Governmental Accounting Standards Board (GASB) in response to their public exposure of Project No. 3-20 (Recognition of Elements of Financial Statements) and Project No. 3-25 (Financial Reporting Model Improvements). Our letter emphasized the importance of considering how state and local government data is used, noting: We believe […more]
House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing on “Climate Change and Social Responsibility: Helping Corporate Boards and Investors Make Decisions for a Sustainable World”, features testimony from: Andy Green, Senior Fellow for Economic Policy, Center for American Progress Heather McTeer Toney, Environmental Justice Liaison, Environmental Defense Fund and Senior Advisor, […more]
The Securities and Exchange Commission (SEC) announced that the FASB had published two new proposed implementation guides based on the 2021 US GAAP Financial Reporting Taxonomy which is currently under consideration by the SEC. The two proposed guides are available during a public comment period as noted below and will cover: Dimensional Modeling for Disclosures […more]
In a recent blog post, Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute, points out that “.. demand for sustainability information continues to grow as businesses are increasingly focused on environmental, social and governance (ESG) issues. Investors need it in order to assess how companies are managing these questions and the impact […more]
XBRL US submitted a letter commenting on the Office of Management and Budget (OMB) – Proposed Designation of Databases for Treasury’s Working System Under the Do Not Pay Initiative. The OMB proposal would add 12 databases to the DoNotPay (DNP) web portal, which federal agencies use to evaluate, track, and monitor the individuals and organizations […more]
The Securities and Exchange Commission final rule Administration of the Electronic Data Gathering, Analysis, and Retrieval System was published in the Federal Register. This new rule adopts new Regulation S-T which addresses actions the Commission may take to promote reliability and integrity of EDGAR submissions. The XBRL US Regulatory Modernization Working Group submitted a comment […more]
On February 3, 2021, the Securities and Exchange Commission (SEC) announced that they will be releasing a limited access pilot test environment for beta-testers, to help filers and vendors try out the impact of a new URL that will be used for EDGAR submissions. The test environment, EDGAR BETA, will give filers and vendors early […more]
The Securities and Exchange Commission announced the appointment of Satyam Khanna in a new role as Senior Policy Advisor for Climate and ESG in the office of Acting Chair Allison Herren Lee. This new SEC position will focus on advising the agency on environmental, social, and governance matters, and to advance new initiatives across the […more]
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