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Latest News

Wednesday, June 6, 2018

XBRL US Opposes HR 5054 in Letter to House Financial Services Committee Prior to Markup

XBRL US opposes H.R. 5054 & presents findings from new study showing 41% decline in XBRL costs to small public companies in letter to House Financial Services Committee.

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Tuesday, June 5, 2018

SEC Requests Comment on Fund Retail Investor Disclosure, References XBRL

The SEC has published a request for comment (RFC) on Fund Retail Investor Experience and Disclosure. The RFC is seeking public comment from individual investors and other interested parties on enhancing disclosures by mutual funds, exchange-traded funds (“ETFs”), and other types of investment funds to improve the investor experience and to help investors make more […more]

Thursday, May 31, 2018

XBRL US Data Quality Committee Approves Sixth Ruleset for IFRS and US GAAP Filings

The Data Quality Committee has approved and finalized IFRS validation rules, along with US GAAP rules in its 6th ruleset. Foreign private issuers and US GAAP filers should use the rules by the June 29, 2018 effective date.

Monday, May 21, 2018

XBRL US Strongly Opposes H.R. 5054, XBRL Exemption for Small Companies

XBRL US strongly opposes HR 5054, a proposal to exempt small companies from XBRL filing, in a letter delivered to the members of the U.S. House Financial Services Committee Subcommittee on Capital Markets, Securities and Investments.

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Friday, May 18, 2018

XBRL US Comments on SEC Proposal On Investment Company Liquidity Disclosure

XBRL US published a comment letter responding to the SEC proposal “Investment Company Liquidity Disclosure”, recommending the use of XBRL for investment company disclosures.

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Wednesday, May 9, 2018

SEC Proposal Requiring Relationship Summary for Retail Investors in Structured Data Format

The SEC has published a rule proposal to require registered investment advisors and registered broker-dealers to provide a brief relationship summary to retail investors about relationships and services the firm offers, standard of conduct, and fees and costs associated with those services, specified conflicts of interest, and whether the firm currently has reportable legal or […more]

Thursday, May 3, 2018

SEC’s Baugess Praises Inline XBRL and Dispels Myths About Machine-Readable Data

The US Securities and Exchange Commission’s Scott Baugess recently spoke at the Financial Information Management Conference 2018. Read selected passages from the address or get the link to the full transcript.

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Friday, April 20, 2018

Google’s BigQuery Now Hosting XBRL SEC Data

Google’s BigQuery hosts SEC XBRL filings to enable SQL queries of the SEC dataset.

Monday, April 9, 2018

XBRL Required for Florida State, County, Municipal & Special District Financials by 2022

Florida Bill 1073 will require local government financial statements for fiscal years ending on or after September 1, 2022, to be filed in XBRL format and to meet the validation requirements of the relevant taxonomy.

Monday, March 26, 2018

IFRS Validation Rules Published in 6th RuleSet from XBRL US Data Quality Committee

For the first time, the Data Quality Committee has published IFRS validation rules, along with US GAAP rules in its 6th ruleset. Foreign private issuers are encouraged to participate in the public review of these new rules.