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Latest News

Member News
Wednesday, January 27, 2016

FEI Daily: The XBRL US Center For Data Quality: How It Will Help Filers Produce Accurate XBRL Disclosures

Mistakes in XBRL-tagged (eXtensible Business Reporting Language) financial disclosures remain a major concern for companies, the U.S. Securities and Exchange Commission and the market. To help filers tag XBRL data accurately XBRL US and several major companies have established the XBRL US Center for Data Quality. This initiative seeks to address public concerns about XBRL and improve […more]

From the SEC
Tuesday, January 26, 2016

New SEC Interactive Disclosure FAQ Question – E.27

What are the conditions for determining when a calculation relationship is required? The Commission’s rules require filers to include calculation relationships for certain contributing line item elements for financial statements and related footnotes. Read More – http://www.sec.gov/spotlight/xbrl/staff-interps.shtml#E.27

News
Thursday, January 7, 2016

XBRL US Announces Public Review of Taxonomy to Improve Surety Bond Processing

XBRL US announced the start of a 60-day public review of the Work in Process (WIP) Taxonomy, developed to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency. AIG, Travelers and Zurich Insurance join to sponsor the program, along with early entries GALLINA LLP, Liberty Mutual and the NASBP.

Member News
Thursday, December 17, 2015

FASB Announces Availability of 2016 GAAP Financial Reporting Taxonomy Pending SEC Acceptance

The Financial Accounting Standards Board (FASB) today announced the availability of the 2016 GAAP Financial Reporting Taxonomy (Taxonomy) pending final acceptance by the U.S. Securities and Exchange Commission (SEC). The FASB staff is responsible for the ongoing development and maintenance of the Taxonomy applicable to public issuers registered with the SEC. The GAAP Financial Reporting […more]

Member News
Wednesday, December 16, 2015

Altova Publishes New Company Financials App for Android, iOS and Windows

Altova just published the free Company Financials App for iOS, Android, Windows Phone, and Windows 8.1/10 that lets you explore and analyze US public company high-level financial reports automatically extracted from XBRL filings in the SEC’s EDGAR database. You can search by company name or stock ticker symbol and view the financial reports of the […more]

Member News
Friday, December 11, 2015

New RaptorXML Scripts Added: XBRL US DQC Rules, EFM V35 and EBA Filing Rules

Altova is a member of XBRL US and has recently joined the XBRL US Center for Data Quality to support the Data Quality Committee’s initiative to address the public’s concerns about the quality and usability of XBRL financial data filed with the SEC. As such, we are pleased to announce that we have just released […more]

News
Wednesday, December 2, 2015

XBRL US Launches Pilot to Improve Surety Bond Processing through Data Standards

XBRL US and three organizations in the surety industry – GALLINA LLP, Liberty Mutual and the National Association of Surety Bond Producers (NASBP) – announced today the launch of a pilot program to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency.

Member News
Tuesday, December 1, 2015

Calcbench Newsletter (December 2015)

Since early October, Calcbench has been incorporating non-interactive data in the form of ‘Earnings Press Releases’ into its platform. Calcbench maps the income statement and balance sheet items from the release into the financial statements for easy comparability. More on this and the full newsletter: http://eepurl.com/bH1ni1

News
Monday, November 30, 2015

Analysis of Fact Values Reported by Public Companies – How to Improve Effectiveness of Disclosure

Research on data reported in 10-Ks filed by 498 public companies (roughly representing the S&P 500) demonstrates a significant amount of duplication. 54% of facts reported had been reported already in previous filings. Company workload in the filing process could be reduced by only requiring companies to report facts that have not already been reported. […more]

News
Friday, November 20, 2015

Initial Set of XBRL US Data Quality Rules for SEC Filers Now Freely Available for Use

XBRL US announced today that the XBRL US Data Quality Committee has approved and published the first set of validation rules to help public companies detect inconsistencies or errors in their XBRL-formatted financial data. The rules cover approximately 2,400 concepts and identify potential errors such as incorrect negative or positive values, improper relationships between elements, and incorrect dates associated with certain data.



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