SEC Commissioner Allison Herren Lee, and PwC Vice Chair Wes Bricker to keynote XBRL US Investor Forum.
XBRL US member Liz Sweeney of Nutshell Associates discusses data standards to improve state and local government reporting on Municipal Beat Podcast. Listen to the podcast.
XBRL US submitted a comment letter responding to the Federal Energy Regulatory Commission (FERC) request concerning proposed changes to Form 730, the Report of Electric Transmission of Investment Activity, and their proposal that the revised content be prepared in XBRL format. We agree with the FERC proposal as written, because much of the data required […more]
Data Quality Committee (DQC) rules are important tools to help preparers create good quality XBRL financials. Watch this video to learn about the committee behind the creation of the rules and how filers use the rules. Featuring Heather Krupa, CPA, Vice President and Controller, Global Water Resources, Inc., who is a member of the XBRL […more]
The Securities and Exchange Commission published an updated analysis of custom tag rate trends which shows a slight decline in the use of custom tags (from 18% to 17%) for all filers. The biggest decline in the use of custom tags was from large accelerated filers which was offset by an increase among smaller reporting […more]
The Financial Accounting Standards Board (FASB) published a new Q&A that covers applying the US GAAP Financial Reporting Taxonomy on disclosures related to effects of COVID-19. Topic areas covered include: Income taxes Payroll taxes Loans Grants Pensions Overall discussion of the COVID-19 pandemic. Read the Q&A.
Posted this month: SEC Adopts Amendments to Improve Financial Disclosures about Business Acquisitions and Dispositions Reminder for Filers Who Obtain EDGAR Access Pursuant to Temporary Final Rule 10(c) New York Regional Office to Host Educational Call for Investors on Avoiding COVID-Related Fraud SEC Extends Relief for Virtual Meetings of Fund Boards and more news
The Securities and Exchange Commission announced a request for comment concerning the collection of data by investment companies on Form N-CEN, which is currently required to be reported in XML format. The request seeks information on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the agency, […more]
In this issue:
- Covid-19 Disclosures
- Earnings release & 10-K timing
Most U.S. government data agencies today do not require data standards for information reported by businesses, grantees, or state and local governments. Agencies could easily transition to data standards programs, with gains for all stakeholders: reporting entities would eliminate duplicate data preparation, and enjoy low costs from competitively priced preparation tools government agencies would experience […more]