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A revised and simplified Exposure Draft for the European Sustainability Reporting Standards (ESRS) was launched to collect stakeholder feedback. Key aspects of the Exposure Draft include: Streamlining the double materiality assessment Reducing overlap across standards Clarifying language and structure Eliminating voluntary disclosures Mandatory data points have been reduced by 57% and the length of standards […more]
The Securities and Exchange Commission (SEC) observed scaling errors in the XBRL tagging of public float in a review of Form 10-Ks for the fiscal year ending 2024. Please note below text from their email with important links: The cover page of a Form 10-K requires the disclosure of the aggregate market value of the […more]
The California Air Resources Board (CARB) released a document with responses to frequently-asked questions (FAQ) related to the development of California’s Corporate Greenhouse Gas Reporting Program, established by Senate Bill (SB) 253 (Wiener, 2023; codified in Health & Safety Code § 38532), and the Climate-Related Financial Risk Disclosure Program, authorized by SB 261 (Stern, 2023; […more]
The Securities and Exchange Commission (SEC) announced the adoption of the updated EDGAR Filer Manual which includes amendments to Volume II and related rules and forms. Read the final rule: https://public-inspection.federalregister.gov/2025-12286.pdf
The Securities and Exchange Commission (SEC) announced that the EDGAR Next Beta environment has been updated to require testers to present Login.gov account credentials to access EDGAR Filing, EDGAR Online Forms, and EDGAR Filer Management, and to make test filings. Testers can now also select the CIK that will display in the first 10 digits […more]
XBRL US submitted a letter to the Securities and Exchange Commission (SEC) in response to their announcement about the SEC Roundtable on Executive Compensation Disclosure Requirements which is scheduled for June 26, 2025. The XBRL US letter pointed out that while certain executive compensation data such as disclosures required per the Pay versus Performance final […more]
The Securities and Exchange Commission (SEC) announced plans to hold the 2025 Joint Compliance Outreach Program on November 18-19, 2025, to discuss compliance and regulatory matters directly with municipal market professionals. The event will be held virtually and registration is open. Questions and proposed topics can be submitted in advance by emailing sessionquestions@finra.org. Read the announcement. […more]
On June 17, 2025, the Securities and Exchange Commission (SEC) published their Semi-Annual Report to Congress Regarding Public and Internal Use of Machine-readable Data for Corporate Disclosures. This report, which is required to be prepared every six months per the Financial Data Transparency Act (FDTA), contains an identification of which data is prepared in machine-readable […more]
The Securities and Exchange Commission (SEC) Division of Economic and Risk Analysis evaluated the tagging of Business Development Company (BDC) Schedules of Investments and identified certain common tagging issues: Inappropriate tagging of subtotals of investments by industry or by investment type with Investment, Identifier [Axis]. These subtotals should be tagged using dimensions Industry Sector [Axis] […more]
The Securities and Exchange Commission (SEC) announced the withdrawal of 14 rules in proposal stage. Three of the rules in proposal stage have XBRL components, including: Cybersecurity Risk Management for Investment Advisers, Registered Investment Companies, and Business Development Companies (view the final rule withdrawal) Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, […more]
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