Media

Wednesday, December 1, 2021

XBRL US Comments on SEC’s EDGAR Next Modernization Program

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes, File Number S7-12-21. The proposed changes are designed to increase security around the EDGAR administration and filing submission processes. The letter was prepared by the XBRL US […more]

Wednesday, November 24, 2021

FERC Published Notice of Information Collection on Form 6

The Federal Energy Regulatory Commission (FERC) published a Notice of information collections and request for comments for FERC Form Nos. 6 and 6T (Annual Report of Oil Pipeline Companies) and 6-Q and 6-QT (Quarterly Report of Oil Pipeline Companies). Forms 6 and 6-Q are now required to be reported in XBRL format. Comments are due […more]

Thursday, November 18, 2021

XBRL US DQC Publishes 8 New Rules in 17th Draft Rule Set for US GAAP and IFRS Filers

Attend December 2 webinar for review of proposed and recently approved rule sets The XBRL US Data Quality Committee (DQC) has published its 17th Rule Set for a 45-day public review and comment period, which closes on December 31, 2021. This latest draft rule set contains three rules specific to US GAAP filers, two rules […more]

Monday, November 15, 2021

XBRL US Comments on RFI on Behalf of CDO Council

XBRL US provided feedback to the Request for Information on Behalf of the Chief Data Officers (CDO) Council, which was published by the Office of Shared Solutions and Performance Improvement (OSSPI).  The CDO Council has 5 statutory purposes: 1) establish Governmentwide best practice for the use, protection, dissemination, and generation of data; 2) promote and […more]

Friday, November 12, 2021

XBRL US Comments on Environmental Protection Agency Strategic Plan

XBRL US responded to the Environmental Protection Agency Request for Comment on their Strategic Plan 2022-2026. Recommendations made by XBRL US centered on the third of the EPA key principles, “follow the science, follow the law, and be transparent“. The EPA collects a vast amount of data in its work to support seven strategic goals. As […more]

Thursday, November 4, 2021

SEC Rule Proposes iXBRL for Form 11-K (Employee Stock Purchase Plans, Savings Plans)

The Securities and Exchange Commission (SEC) published a rule proposal on November 4, 2021 that, if passed as written, would require financial statements reported on Form 11-K to be prepared using Inline XBRL. Form 11-K is used for annual reports of employee stock purchase plans, savings plans, and similar plans. Financials in Form 11-K include: […more]

XBRL US Requests Extension on EDGAR Next Comment Deadline

XBRL US submitted a comment letter in response to the Securities and Exchange Commission’s (SEC) request for comment on Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes, EDGAR Next. The letter was prepared by the XBRL US Regulatory Modernization Working Group which is composed of 14 filing agents and applications providers, […more]

Wednesday, November 3, 2021

IFRS Foundation Formation of International Sustainability Standards Board

On November 4, 2021, the IFRS Foundation announced the formation of the International Sustainability Standards Board which will develop a comprehensive global base of sustainability disclosure standards to meet investor needs for ESG-related data. They also announced the consolidation of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (which is composed of […more]

Monday, November 1, 2021

XBRL US Comment on SEC Closed-End Fund Taxonomy

XBRL US submitted a comment letter in response to the Securities and Exchange Commission’s Request for Comment on the 2021 Q4 release draft which updates the Closed-End Fund (CEF) from the previous version that was out for public review in April 2020. Read the release announcement. Read the XBRL US letter: XBRL US Comment on Draft […more]

Monday, October 25, 2021

Financial Transparency Act (FTA – H.R. 2989) Passes House by Vote of 400-19

On October 25, the U.S. House of Representatives passed the Financial Transparency Act (FTA – H.R. 2989) by a vote of 400-19. Big thanks goes to the Data Coalition and many of our members who worked tirelessly to move this legislation forward. This is an important bill that has broad implications for expanding structured data […more]