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The XBRL US Center for Data Quality kicked off its fourth public exposure period on June 30 and the comment period closes on August 31. The 45-day review period includes new rules as well as additions to existing rules, and Guidance on Tagging Axis and Members Using the US GAAP Taxonomy. Investors, analysts, public company accountants, […more]
The XBRL US Data Quality Committee responded to FASB’s Invitation to Comment on Efficiency and Effectiveness of GAAP Financial Reporting Taxonomy.
In this issue:
XBRL US position paper published “Reduce Company Burden, Cut Government Spending – Standardize Financial Data Reporting Requirements” which recommends adopting the freely available, open XBRL data standard for all financial data reporting required by U.S. regulators. Only the XBRL standard has 1) the appropriate format to render data computer-readable; 2) the appropriate information component to […more]
XBRL US submits comment letter supporting the SEC proposal on transitioning operating companies and mutual funds to Inline XBRL and provides feedback on challenges that should be considered when setting timing for the start date of the proposal.
Altova announced the release of MobileTogether 3.2, its cross-platform mobile development framework. This release introduces over 18 important new features for building sophisticated, data-centric mobile apps. Highlights include support for NFC (near field communication), the ability to access mobile device contacts, text-to-speech functionality, numerous enhancements for table and chart creation, and much more. “With each […more]
In this issue:
Standards have been used to successfully automate the collection of data for surety underwriting which historically has been a highly manual process. XBRL was used to enable the consistent and accurate consumption of financial data from contractors into a surety’s financial database, helping to streamline contractor access to credit and increase underwriting efficiency.
XBRL US strongly opposes Section 411 of Subsection C of Title IV in the Financial CHOICE Act, a provision to exempt small companies from XBRL filing and which will have significant negative repercussions on both Wall Street and Main Street. Read the XBRL US argument on Section 411 in a letter to the House Financial Services Committee.
In this issue:
The national consortium for
the business reporting standard
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