News

XBRL US Comments on SEC Proposal On Investment Company Liquidity Disclosure

XBRL US published a comment letter responding to the SEC proposal “Investment Company Liquidity Disclosure”, recommending the use of XBRL for investment company disclosures.

SEC Proposal Requiring Relationship Summary for Retail Investors in Structured Data Format

The SEC has published a rule proposal to require registered investment advisors and registered broker-dealers to provide a brief relationship summary to retail investors about relationships and services the firm offers, standard of conduct, and fees and costs associated with those services, specified conflicts of interest, and whether the firm currently has reportable legal or […more]

SEC’s Baugess Praises Inline XBRL and Dispels Myths About Machine-Readable Data

The US Securities and Exchange Commission’s Scott Baugess recently spoke at the Financial Information Management Conference 2018. Read selected passages from the address or get the link to the full transcript.

Google’s BigQuery Now Hosting XBRL SEC Data

Google’s BigQuery hosts SEC XBRL filings to enable SQL queries of the SEC dataset.

XBRL Required for Florida State, County, Municipal & Special District Financials by 2022

Florida Bill 1073 will require local government financial statements for fiscal years ending on or after September 1, 2022, to be filed in XBRL format and to meet the validation requirements of the relevant taxonomy.

IFRS Validation Rules Published in 6th RuleSet from XBRL US Data Quality Committee

For the first time, the Data Quality Committee has published IFRS validation rules, along with US GAAP rules in its 6th ruleset. Foreign private issuers are encouraged to participate in the public review of these new rules.

SEC Publishes Investment Company Liquidity Disclosures Proposal

On March 14, 2018 the Securities and Exchange Commission published a proposal: Investment Company Liquidity Disclosures which builds off the final rule adopted in October 2016 for new forms N-PORT and NCEN. In that final rule, they opted for XML formatting instead of XBRL. XBRL US had submitted a comment letter at the time, advocating the […more]

SEC Updates Interactive Data Test Suite

On March 14, the Commission updated its interactive data test suite to include tests that use the 2018 US GAAP, 2018 SEC Reporting, 2018 Document and Entity Information (DEI), 2018 Exchanges (EXCH), 2018 State and Province (STPR) and 2018 Risk-Return (RR) taxonomies. The purpose of the public test suite is to assist filers using software to […more]

SEC EDGAR Now Supports 2018 US GAAP, SRT, Risk-Return, and Other Supporting Taxonomies

The SEC announced on March 12, 2018 that the EDGAR system was upgraded to Release 18.1 and now supports the 2018 US GAAP, 2018 SEC Reporting (SRT), 2018 Document and Entity Information (DEI), 2018 Exchanges (EXCH), 2018 State and Province (STPR) and 2018 Risk-Return (RR) taxonomies.

The Calcbench Insider: March 2018

In this issue:

• Calcbench and Tax Reform
• Amazon Segment Disclosures and HQ2
• Dunkin Donuts and the Ice Cream Adjustment
• An Early Peek at Share Repurchase Programs