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Latest News

News
Friday, September 21, 2018

XBRL US Comments on Financial Stability Board Thematic Peer Review on the LEI

XBRL US submitted a comment letter to the Financial Stability Board, in response to their Thematic Peer Review on Implementation of the Legal Entity Identifier (LEI). Feedback from stakeholders was invited to gauge awareness and implementation, as well as challenges and impediments to adoption of the LEI around the world. According to the Global LEI […more]

News
Monday, September 17, 2018

CFA Institute Publishes Position Paper: Data and Technology

The CFA Institute publication Data and Technology: Transforming the Financial Information Landscape discusses the benefits of structured data to all parties in the financial reporting supply chain, including companies, auditors, regulators, and investors. This paper addresses the consumption of that structured data, including which data are available and how data are being consumed, and refutes the claim […more]

News
Thursday, September 13, 2018

XBRL US Comments on Government Effectiveness Advanced Research (GEAR) Center

XBRL US comments on Government Effectiveness Advanced Research (GEAR) Center, a proposed public/private partnership, “re-imagining possibilities for how citizens interact with the Government; rethinking the delivery of citizen services and data; reforming core processes.”

Thursday, September 6, 2018

The Calcbench Insider: September 2018

In this issue:

  • Leasing Costs Extravaganza
  • Q&A on Financial Data Quality
  • Geeking Out on the Filings
    Cost of revenue and SG&A update Q2
    Who is exposed to Turkey?
Friday, August 31, 2018

SEC Emphasizes Data Quality in EDGAR Release 18.3

The SEC has released a draft of the EDGAR Filer Manual (EFM) to reflect changes in the new EDGAR Release 18.3 which is scheduled to be published October 1, 2018. An update to the EFM test suite will be published soon with new test cases. While a number of changes have been made to the […more]

News
Monday, August 20, 2018

Financial Stability Board Peer Review on LEI Solicits Marketplace Feedback

The Financial Stability Board (FSB) is conducting a review on implementation of the Legal Entity Identifier (LEI). The objective of the review is to evaluate the progress made by FSB members – both national authorities and international bodies – in response to the G20 Leaders’ 2012 call for “global adoption of the LEI to support […more]

XBRL US Data Quality Committee Solicits Input on 7th Ruleset and Guidance for SEC Filers

The Data Quality Committee is soliciting input on the 7th Data Quality Ruleset during a public review and comment period that will end on September 10, 2018.

Friday, August 17, 2018

Reason Foundation Article on XBRL US State & Local Govt Initiative

On August 17, Marc Joffe of the Reason Foundation published an article on Making Government Documents Searchable and Machine-Readable to Improve Transparency and Accountability which states: “In Florida, and nationally, Reason Foundation is working to improve the accounting transparency of state and local governments by seeking the mandatory disclosure of government financial documents in a machine-readable […more]

SEC Final Rule on Disclosure Update and Simplification

The Securities and Exchange Commission (SEC) finalized their rule on Disclosure Update and Simplification. The rule proposal was introduced on July 13, 2016 and XBRL US submitted a comment letter. A review of the final rule indicates that there are no near-term changes to what is required to be XBRL tagged by issuers. There are […more]

News
Thursday, August 16, 2018

Global Banking & Finance Review Article on AICPA and XBRL US Cost Study

On August 16, the Global Banking & Finance Review published an article referencing the AICPA XBRL US study on the cost of XBRL preparation for small companies, stating: “The American Institute of CPAs (AICPA) and XBRL US have found that the cost of XBRL formatting for small reporting companies has declined 45 percent since 2014, according to an updated […more]


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