Media

Wednesday, January 16, 2019

VIRGINIA LOCALITIES FISCAL PERFORMANCE REPORT (January 2019)

The VIRGINIA LOCALITIES FISCAL PERFORMANCE REPORT – JANUARY 2019 analyzes the fiscal health of Virginia municipalities and recommends that CAFRs be produced using financial data standards such as Inline XBRL.  This report was prepared by XBRL US members, Yossef Newman, Professor of Business and Accounting at Touro College, Marc Joffe, Senior Policy Analyst at Reason […more]

Tuesday, January 15, 2019

XBRL US Letter RE: Draft Federal Grants Management Data Standards

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.

Wednesday, January 9, 2019

XBRL US Data Quality Committee Approves 7th Ruleset

8th Ruleset published for public review and comment period The XBRL US Data Quality Committee (DQC) has finalized, approved, and published its 7th Ruleset which includes 13 types of validation checks for filings prepared using the US GAAP Financial Reporting Taxonomy as well as two guidance documents. The DQC also published an 8th Ruleset for […more]

Thursday, December 27, 2018

XBRL US Comments on SEC List of Rules Including XBRL Requirements

XBRL US has submitted a comment letter responding to the SEC request for comment on the List of Rules to be Reviewed Pursuant to the Regulatory Flexibility Act. The Regulatory Flexibility Act requires a 10-year review of rules that may impact small businesses. Rules included in the list pertaining to XBRL are: Interactive Data to […more]

Tuesday, December 18, 2018

SEC Posted Request For Comment on Content, Nature & Timing of Earnings Disclosures

Today, the SEC published a request for comment on the nature, content, and timing of earnings releases and quarterly reports made by reporting companies, with an eye towards reducing the burden on public companies while at the same time enhancing the value of the disclosures to investors. Areas they seek to address include: The nature […more]

Tuesday, December 11, 2018

The Calcbench Insider: December 2018

In this issue:

• Lease accounting: FedEx vs. UPS.
• Our updated lease accounting guide.
• Find historical trend data: an example.
• Analysts, does this sound familiar?
• Geeking Out on the Filings
  Cost of revenue, SG&A: a Q3 update.
  SEC comment letters: The Amazon Example.

Friday, December 7, 2018

IFRS Taxonomy Public Review Launched, Ends February 2, 2019

The IASB has published a Proposed IFRS Taxonomy Update: General Improvements, with a 60 day comment period ending on February 4, 2019. Materials related to the draft taxonomy are available from Project News or the IFRS project webpage including: 20 minute webcast that provides a high level summary of the project and its proposals (accessed […more]

Thursday, December 6, 2018

SEC Commissioner Stein Remarks at Municipal Securities Disclosure in an Evolving Market Conference

In a speech to the Institute of Chartered Accountants in England and Wales, SEC Commissioner Kara Stein reiterated SEC support for inline XBRL as a means to improve the quality of structured data for investors.

Monday, December 3, 2018

White Paper: XBRL US Center for Data Quality, an industry initiative for the common good

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.

XBRL US Letter re: SEC Rule Proposal on Financial Disclosures About Guarantors & Issuers of Guaranteed Securities

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.