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SEC Reporting || Industries || Government || Using Data

Latest News

Wednesday, August 15, 2018

AICPA and XBRL US Cost Study Highlighted in Journal of Accountancy

On August 15, the Journal of Accountancy published the article, “XBRL Costs for Small Reporting Companies Have Declined 45% Since 2014” , stating: “The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the American Institute of CPAs […more]

News

XBRL US State & Local Govt Working Group Sends Comment Letter to SEC Investor Advisory Committee

XBRL US State and Local Disclosure Modernization Working Group formed to use standards to improve government financial transparency, enhance the efficiency of the municipal bond market, and aid efforts to streamline regulatory reporting, including grant reporting.

News
Friday, July 27, 2018

XBRL US Comment on Commerce Dept Cross Agency Priority Goal: Leveraging Data as a Strategic Asset

XBRL US submitted a letter responding to a U.S. Commerce Department request for comments on the Cross Agency Priority Goal: Leveraging Data as a Strategic Asset. The Commerce Department notice seeks comment on best strategies and processes for achieving this CAP goal. The Request for Comments seeks input on a 4 part strategy to: Manage government data […more]

News
Thursday, July 26, 2018

XBRL US Forms State and Local Government Disclosure Modernization Working Group

XBRL US State and Local Disclosure Modernization Working Group formed to use standards to improve government financial transparency, enhance the efficiency of the municipal bond market, and aid efforts to streamline regulatory reporting, including grant reporting.

News
Wednesday, July 25, 2018

XBRL US Comments on SEC Draft 2018-2022 Strategic Plan

XBRL US submitted a comment letter responding to the SEC Request for Comment about its draft Strategic Plan 2018-2022. Recommendations include: Require all financial data submitted by all reporting entities, to be provided in computer-readable, standardized format. Use consistent standards across the agency to keep the cost of producing and consuming the data low, and […more]

Monday, July 9, 2018

SEC EDGAR Upgraded to Release 18.2, Supports 2018 IFRS Taxonomy

On July 9, 2018, the SEC upgraded the EDGAR system in Release 18.2 to support the 2018 IFRS Taxonomy. The EDGAR system no longer supports the 2016 US GAAP, 2013 DEI, 2009 DEI, 2016 EXCH, and 2010 Risk-Return taxonomies. The EDGAR system currently supports the 2018 US GAAP, 2018 SEC Reporting (SRT), 2018 DEI, 2018 […more]

Monday, July 2, 2018

XBRL US Applauds SEC Adoption of Inline XBRL for Public Company and Mutual Fund Reporting

XBRL US applauds the decision by the Securities and Exchange Commission to adopt Inline XBRL for operating companies and funds.

News
Thursday, June 28, 2018

SEC Commissioner Robert J. Jackson to Keynote XBRL Investor Forum, November 8, 2018, in New York City

SEC Commissioner Robert J. Jackson to keynote XBRL Investor Forum 2018: Powering Fintech, November 8 in New York City. The event is hosted by Baruch College’s Zicklin School of Business, with sponsorship by CFA Institute and CFA Society New York.

SEC Approves Rule Requiring Inline XBRL for Operating Companies and Mutual Funds

On June 28, 2018, the SEC approved, in a 4 to 1 vote, a final rule transitioning operating companies and funds to Inline XBRL. The SEC also noted that XBRL will continue to be part of disclosure controls and procedures and that there is no change in assurance requirements (XBRL is not subject to assurance). […more]

News
Wednesday, June 27, 2018

U.S. Department of Commerce Seeks Input on Leveraging Data as a Strategic Asset

On June 27, the U.S. Department of Commerce published a Request for Comment seeking input on the President’s Management Agenda which established a Cross-Agency Priority (CAP) goal of Leveraging Data as a Strategic Asset. This program has an intended purpose of guiding development of a comprehensive long-term Federal Data Strategy to grow the economy, increase […more]


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