College of DuPage Leads Move to Electronic Financial Reporting for Illinois Community Colleges
Illinois-based College of DuPageleads move to electronic financial reporting for Illinois community colleges Register for the free webinar.
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XBRL US Comments on SBA Data Collection for CARES Act
XBRL US submitted a comment letter to the Small Business Administration (SBA) regarding the collection of data for the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The XBRL US letter recommends that the SBA and other regulators administering large relief fund programs like the CARES Act, leverage data standards to vastly increase efficiency, improve […more]
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SEC Final Rule: Update of Statistical Disclosures for Banks and S&L Registrants
The Securities and Exchange Commission (SEC) published the final rule for Update of Statistical Disclosures for Bank and Savings and Loan Registrants. The rule amends disclosures required to be reported, and codifies certain disclosures in a new Subpart 1400 of Regulation S-K. The original proposed rule asked whether the disclosures should be included in the […more]
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SBA Requests Comment on CARES Act Data Collection
The Small Business Administration (SBA) published a request for comment regarding the collection of information related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Comments are solicited on 1) whether information collected is necessary for the agency to perform its functions; 2) whether burden estimates are accurate, 3) whether there are ways to […more]
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FASB Holds Public Review for Technical Improvements for the 2021 SEC Reporting Taxonomy
The Financial Accounting Standards Board (FASB) published proposed technical improvements for the 2021 SEC Reporting Taxonomy in a set of Release Notes for a review and comment period that ends November 2, 2020. Interested parties may provide comments on the proposed technical and other conforming improvements by emailing their comments to xbrl@fasb.org or by sending […more]
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Video: Government Use of Data Standards – Conversation with the FDIC
Every U.S. bank submits financial call report data to the Federal Deposit Insurance Corporation (FDIC) in machine-readable format. Banks have been reporting this way since 2005. Watch this video for a conversation with Mark Montoya, Senior Business Analyst of Data Strategy at the FDIC, who was one of the founders of the XBRL FDIC data […more]
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SEC Publishes Draft 2021 SEC Taxonomies for Public Review
The Securities and Exchange Commission published the draft 2021 SEC Taxonomies. The draft taxonomies are out for a public review and comment period to end November 2, 2020.
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SASB Publishes Governance Documents for Public Review
The Sustainability Accountability Standards Board (SASB) published two governance documents: Conceptual Framework and Rules of Procedure, for a public review and comment period set to end November 30, 2020. The Conceptual Framework sets out the basic concepts, principles, definitions, and objectives that guide the Standards Board and technical staff in the SASB’s approach to setting sustainability disclosure […more]
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XBRL US Comment on SEC Draft Closed-End Fund Taxonomy
XBRL US submitted a comment letter in response to the SEC’s draft Closed-End Fund (CEF) Taxonomy which has been prepared to support the SEC rule for Securities Offering Reform for Closed-End Investment Companies. We recommended that the Commission: Rely on the XBRL International Data Type Registry in determining data types. Consider structuring the DEI Taxonomy, […more]
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XBRL US Comment on Data Collection of Form 6-K
XBRL US submitted a comment letter in response to the SEC’s Extension of Data Collection of Form 6-K. We recommended that Form 6-K filers be required to prepare cover pages for 6-Ks using Inline XBRL, in the same way that Form 8-K cover pages must be prepared with the passage of the FAST Act. Investors […more]
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