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XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.
The Securities and Exchange Commission (SEC) posted a request for comment on the proposed collection of interactive data. Comments are due January 25, 2019. In the Request for Comment, the SEC states “We estimate that 10,229 respondents per year will each submit an average of 4.5 responses per year for an estimated total of 46, […more]
Barnet Sherman of Neighborly authors “The Four Letters Transforming the Municipal Bond Market and Government Financing” in Forbes on XBRL for municipal reporting. Read the article.
On November 27, 2018, the SEC published in the Federal Register, a “List of Rules to Be Reviewed Pursuant to the Regulatory Flexibility Act”. Included in the list of rules to be reviewed are the rules requiring the use of XBRL for public companies, mutual funds and credit rating agencies. Comments are due by December […more]
Analysts, commercial providers & investors invited to December 12 webinar to learn more XBRL US announced today the launch of a free API (Application Program Interface) standard in a Proposed Release, to create, extract and analyze XBRL formatted, computer-readable data. The API is designed to work with any XBRL database or taxonomy. The XBRL API […more]
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) related to their December 6, 2018 conference, The Road Ahead: Municipal Securities Disclosures in an Evolving Market. Our letter explained the work of the XBRL US State & Local Working Group to develop financial data standards for municipal reporting and urged the […more]
Staff in the Securities and Exchange Commission’s Division of Economic Risk and Analysis (DERA) analyzed XBRL submissions by IFRS filers to review custom tag rates. The purpose of the analysis was to determine whether IFRS filers, in their first year of required XBRL submissions, were being consistent in their use of custom tags with other […more]
The Securities and Exchange Commission has posted a draft EDGAR manual. The changes outlined in the draft manual, if approved, are scheduled to take effect on December 17, 2018 and January 28, 2019 for non-rule based changes or on the rule effective date for changes related to SEC rules. See SEC Final Rules posted on […more]
XBRL US announced today that RDG Filings, a full service XBRL preparation and provider of disclosure management tools, has renewed their membership in the XBRL US Center for Data Quality for 2019. The Center for Data Quality is an industry-driven collaborative with a mission to address the public’s concerns about the quality and usability of […more]
The gruesome (and grueling) days of painful re-keying of data may be coming to an end. Could data standards be the magic bullet? The National Association of Surety Bond Producers (NASBP) has been touting the value of financial data standards for several years now. Why data standards? Because they are a proven tool to eliminate […more]
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