Get the latest news and information about XBRL in the United States. We’re also on Twitter with breaking news – twitter.com/xbrlus, and updated event listings – twitter.com/xbrlevents.

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Latest News

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.

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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.

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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.

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Forbes Article “The Four Letters Transforming the Municipal Bond Market and Govt Financing”

Barnet Sherman of Neighborly authors “The Four Letters Transforming the Municipal Bond Market and Government Financing”  in Forbes on XBRL for municipal reporting. Read the article.    

SEC Posted Request For Comment on Collection of Interactive Data

The Securities and Exchange Commission (SEC) posted a request for comment on the proposed collection of interactive data. Comments are due January 25, 2019.  In the Request for Comment, the SEC states “We estimate that 10,229 respondents per year will each submit an average of 4.5 responses per year for an estimated total of 46, […more]

Tuesday, November 27, 2018

SEC Publishes Rules To Be Reviewed Per Regulatory Flexibility Act Including XBRL Requirements

On November 27, 2018, the SEC published in the Federal Register, a “List of Rules to Be Reviewed Pursuant to the Regulatory Flexibility Act”. Included in the list of rules to be reviewed are the rules requiring the use of XBRL for public companies, mutual funds and credit rating agencies. Comments are due by December […more]

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XBRL US Introduces Proposed API Standard, Streamlining Access to Structured Financial Data

Analysts, commercial providers & investors invited to December 12 webinar to learn more XBRL US announced today the launch of a free API (Application Program Interface) standard in a Proposed Release, to create, extract and analyze XBRL formatted, computer-readable data. The API is designed to work with any XBRL database or taxonomy. The XBRL API […more]

Monday, November 26, 2018

SEC Posts Request for Comment on Proposed Collection of XBRL Data

The Securities and Exchange Commission (SEC) posted a request for comment on the proposed collection of interactive data. Comments are due back within a 60 day window, ending January 25, 2019. Specific questions are asked on: (a) Whether this proposed collection of information is necessary for the proper performance of the functions of the agency, […more]