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Tuesday, October 23, 2018

SEC Commissioner Kara Stein Speech on “Improving Information for Investors in the Digital Age”

SEC Commissioner Kara Stein gave an address to the Council of Institutional Investors named “Improving Information for Investors in the Digital Age”. Here are some notable quotes from the Commissioner: …Just a few weeks ago, a group of institutional investors, asset managers, state treasurers, and others petitioned the SEC. They asked the Commission to require […more]

Thursday, October 18, 2018

SEC Launches FinHub for Innovation and Financial Technology

SEC Launches Strategic Hub for Innovation and Financial Technology (FinHub). The FinHub will serve as a resource for public engagement on the SEC’s FinTech-related issues and initiatives, such as distributed ledger technology (including digital assets), automated investment advice, digital marketplace financing, and artificial intelligence/machine learning. FinHub activities include: 1) Provide a portal for industry and the public […more]

Wednesday, October 17, 2018

IFRS Foundation Proposes Updates to IFRS Taxonomy 2018

IFRS Foundation Proposes Updates to IFRS Taxonomy 2018, Requests Comment During a Public Review. The Proposed Update includes common reporting practice for disclosure requirements in IFRS 13, such as: 1) sensitivity of fair value measurement to changes in unobservable inputs; and 2) quantitative information about significant unobservable inputs used in fair value measurement. The public comment […more]

Thursday, October 11, 2018

The Calcbench Insider: October 2018

In this issue:

  • Our first webinar featured guest Marc Siegel, former member of the Financial Accounting Standards Board
  • Calcbench Cool Insights
    Unremitted foreign earnings, where are you?
    Exchange rate effects on cash.
  • Geeking Out on the Filings
    Campbell Soup gets squeezed.
    Disclose your movie plans.
    Thoughts on structured data.
Friday, October 5, 2018

Financial Revolutionist Article on Standards for Municipal Market Disruption

On October 5, Marc Joffe of the Reason Foundation published an article on Financial Reporting Standards Can Foster Municipal Market Disruption  in the Financial Revolutionist. Below is an excerpt from the article: “While fintech start-ups are disrupting many financial markets, the US municipal bond market has been largely left behind. As a result, the $3.9-trillion muni […more]

Thursday, October 4, 2018

SEC Updates Interactive Data Test Suite

The Securities and Exchange Commission’s interactive data test suite has been updated. Comments on the test suite may be submitted via email to StructuredData@sec.gov indicating “Interactive Data Test Suite” in the subject field. The purpose of the public test suite is to assist filers using software to validate Interactive Data prior to its submission to EDGAR. The test […more]

Tuesday, October 2, 2018

SEC Proposes Rule on Disclosures About Guaranteed Securities

The Securities and Exchange Commission proposed a rule on Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities. The Commission is looking for comment on this proposal within 60 days of October 2, 2018, the date of publication of the proposal in the Federal Register. The proposal […more]

Sunday, September 30, 2018

The coming data revolution in public finance.

Axios Advisors’ Triet Nguyen published an article on how financial data standards can impact municipal reporting: The “stodgy” municipal market is on the verge of a Big Data revolution, driven by rising support for adoption of iXBRL, a machine-readable financial reporting standard, and an increasing need for ESG-related data. Read the full article.

News
Friday, September 28, 2018

House Passes Grants Reporting Efficiency & Agreements Transparency (GREAT) Act

The U.S. House of Representatives passed the Grants Reporting Efficiency and Agreements Transparency (GREAT) Act (H.R. 4887). A Senate version (S. 3834), introduced by Senators James Lankford (OK) and Michael Enzi (WY), was passed by the Senate Homeland Security and Governmental Affairs Committee.

SEC Commissioner Stein on Data & Technology

On September 27, 2018, SEC Commissioner Kara Stein gave a speech at Georgia State University School of Law titled “From the Data Rush to the Data Wars: A Data Revolution in Financial Markets” which focused on the importance of data and technology. Below is an excerpt from the speech. “Slowly but surely, the Commission is […more]


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